Hewlett Packard Enterprise Company (NYSE:HPE – Get Free Report) Director Gary Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 14th. The shares were sold at an average price of $56.91, for a total transaction of $967,470.00. Following the completion of the sale, the director owned 65,072 shares of the company’s stock, valued at $3,703,247.52. This represents a 20.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Hewlett Packard Enterprise Stock Down 0.5%
Shares of NYSE HPE opened at $60.74 on Friday. The firm has a market cap of $80.63 billion, a PE ratio of 31.64, a P/E/G ratio of 0.54 and a beta of 1.43. Hewlett Packard Enterprise Company has a 12-month low of $19.84 and a 12-month high of $64.25. The company’s fifty day simple moving average is $52.54 and its 200 day simple moving average is $40.31. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The firm had revenue of $12.21 billion during the quarter, compared to the consensus estimate of $11.97 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue was up 33.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. As a group, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Capital World Investors purchased a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $901,751,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth $1,027,139,000. Primecap Management Co. CA bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth $773,225,000. Legal & General Group Plc purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $512,721,000. Finally, Elliott Investment Management L.P. raised its holdings in shares of Hewlett Packard Enterprise by 47.2% in the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after purchasing an additional 8,790,757 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on HPE. Weiss Ratings upgraded Hewlett Packard Enterprise from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, September 4th. Bank of America increased their target price on Hewlett Packard Enterprise from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Loop Capital raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and lifted their price target for the company from $23.00 to $75.00 in a research report on Tuesday, June 2nd. Morgan Stanley lowered their price objective on shares of Hewlett Packard Enterprise from $69.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, September 3rd. Finally, Citigroup raised their price objective on shares of Hewlett Packard Enterprise from $74.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.18.
Get Our Latest Analysis on HPE
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.
HPE’s portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.
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