Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.
HPE has been the topic of several other reports. JPMorgan Chase & Co. lifted their target price on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Bank of America increased their price target on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. UBS Group lifted their price objective on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $71.00 to $69.00 in a research note on Monday, August 10th. Finally, Susquehanna increased their target price on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $69.80.
Read Our Latest Analysis on HPE
Hewlett Packard Enterprise Stock Up 0.1%
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same quarter in the previous year, the firm posted ($0.82) EPS. The business’s revenue for the quarter was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Analysts predict that Hewlett Packard Enterprise will post 2.9 earnings per share for the current year.
Insider Transactions at Hewlett Packard Enterprise
In related news, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Hewlett Packard Enterprise
Institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in shares of Hewlett Packard Enterprise during the second quarter worth approximately $1,700,000. Wedmont Private Capital increased its holdings in shares of Hewlett Packard Enterprise by 6.6% in the second quarter. Wedmont Private Capital now owns 15,681 shares of the technology company’s stock valued at $761,000 after purchasing an additional 977 shares in the last quarter. Kintra Wealth LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth approximately $181,000. SFG Wealth Management LLC. bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth approximately $267,000. Finally, Beaird Harris Wealth Management LLC lifted its holdings in Hewlett Packard Enterprise by 790.4% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 3,072 shares of the technology company’s stock worth $139,000 after buying an additional 2,727 shares in the last quarter. 80.78% of the stock is owned by institutional investors.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.
A major focus for HPE is hybrid cloud and consumption-based IT.
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