Hewlett Packard Enterprise (NYSE:HPE) Stock Price Up 11.2% – Here’s Why

by · The Markets Daily

Hewlett Packard Enterprise Company (NYSE:HPE – Get Free Report) shares rose 11.2% on Friday . The company traded as high as $60.75 and last traded at $61.3780. 4,732,028 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 21,111,803 shares. The stock had previously closed at $55.22.

Analysts Set New Price Targets

A number of brokerages recently commented on HPE. UBS Group dropped their price target on Hewlett Packard Enterprise from $65.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday, September 3rd. Truist Financial upped their target price on shares of Hewlett Packard Enterprise from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Citigroup boosted their target price on Hewlett Packard Enterprise from $74.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 1st. They issued a “buy” rating and a $62.00 price target for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.44.

Read Our Latest Analysis on HPE

Hewlett Packard Enterprise Price Performance

The stock’s 50 day moving average price is $50.90 and its 200-day moving average price is $38.85. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $79.97 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. The company had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. 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, equities analysts forecast that Hewlett Packard Enterprise Company will post 3.27 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, September 17th will be issued a $0.1425 dividend. 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 dividend payout ratio is currently 29.69%.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Kirt Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Large investors have recently modified their holdings of the business. Tidal Investments LLC lifted its position in shares of Hewlett Packard Enterprise by 552.7% in the 2nd quarter. Tidal Investments LLC now owns 800,103 shares of the technology company’s stock worth $36,093,000 after purchasing an additional 677,528 shares during the period. BlueCrest Capital Management Ltd lifted its holdings in Hewlett Packard Enterprise by 105.8% during the second quarter. BlueCrest Capital Management Ltd now owns 201,015 shares of the technology company’s stock worth $9,068,000 after buying an additional 103,323 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $13,408,000. SVB Wealth LLC bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $237,000. Finally, Insight Wealth Partners LLC bought a new stake in Hewlett Packard Enterprise during the second quarter valued at about $299,000. Institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

(Get Free Report)

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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