Hewlett Packard Enterprise Company (NYSE:HPE – Get Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $64.57 and last traded at $64.9610, with a volume of 12492926 shares trading hands. The stock had previously closed at $62.33.
Key Stories Impacting Hewlett Packard Enterprise
Here are the key news stories impacting Hewlett Packard Enterprise this week:
- Positive Sentiment: HPE is being highlighted as a strong value stock, with Zacks’ style analysis suggesting the shares offer an attractive combination of valuation, growth and momentum characteristics. Here’s Why Hewlett Packard Enterprise Is a Strong Value Stock
- Positive Sentiment: Analysts and market commentators continue to point to HPE as a technology stock positioned for additional upside if the broader sector rally holds. Morgan Stanley has also reaffirmed its Buy rating. 3 Tech Stocks Positioned for More Upside
- Positive Sentiment: HPE’s quantum-computing initiative brings quantum capabilities into on-premises high-performance computing, potentially strengthening its long-term enterprise and research-computing opportunity. Its Aruba networking platform is also being promoted as an AI-enabled infrastructure solution. HPE Brings Quantum Computing Into On-Premises HPC
- Positive Sentiment: HPE has been identified as a beneficiary of demand for integrated solutions and multi-cloud adoption, supporting the case that AI and data-center spending can drive future growth. 4 Stocks to Buy From a Prospering Technology Solutions Industry
- Neutral Sentiment: The stock has reached a new 52-week high, indicating strong momentum but also raising the possibility that some optimism about AI infrastructure demand and analyst upgrades is already reflected in the valuation. HPE at a New 52-Week High
- Negative Sentiment: A comparison with Dell Technologies is a potential headwind: Dell reportedly has record AI orders, a $95 billion backlog and a higher server-revenue outlook, giving it greater demand visibility than HPE in AI infrastructure. HPE vs. Dell: Which AI Infrastructure Stock Is a Safer Bet?
Analysts Set New Price Targets
A number of equities analysts have issued reports on HPE shares. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and increased their price target for the stock from $23.00 to $75.00 in a research report on Tuesday, June 2nd. Morgan Stanley reduced their target price on Hewlett Packard Enterprise from $69.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 1st. They issued a “buy” rating and a $62.00 price target for the company. UBS Group decreased their price objective on shares of Hewlett Packard Enterprise from $65.00 to $59.00 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Finally, Sanford C. Bernstein boosted their target price on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.18.
Hewlett Packard Enterprise Stock Performance
The company has a market cap of $84.81 billion, a PE ratio of 33.24, a PEG ratio of 0.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11. The firm’s 50 day moving average is $53.36 and its 200-day moving average is $41.29.
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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The business had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. During the same period in the prior year, the business earned $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. On average, research analysts anticipate that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, September 17th. Hewlett Packard Enterprise’s payout ratio is currently 29.69%.
Insider Activity
In related news, Director Gary M. Reiner sold 17,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $56.91, for a total value of $967,470.00. Following the completion of the sale, the director owned 65,072 shares of the company’s stock, valued at approximately $3,703,247.52. This represents a 20.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Antonio Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the transaction, the chief executive officer directly owned 1,432,393 shares in the company, valued at $86,573,832.92. This trade represents a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.
Institutional Investors Weigh In On Hewlett Packard Enterprise
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Delos Wealth Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at about $27,000. First Bancorp Inc ME acquired a new position in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $30,000. Transamerica Financial Advisors LLC purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $37,000. SJS Investment Consulting Inc. lifted its holdings in Hewlett Packard Enterprise by 159.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after buying an additional 716 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $56,000. Institutional investors and hedge funds own 80.78% of the company’s stock.
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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