Hewlett Packard Enterprise (NYSE:HPE) Lowered to In-Line Rating by Evercore

Key Points

• Evercore downgraded HPE from “outperform” to “in-line,” setting a $65 price target, which implies 4.81% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $69.18, despite mixed recent revisions.
• HPE reported quarterly EPS of $1.11 versus the $0.93 consensus and revenue of $12.21 billion, up 33.7% year over year; the stock opened at $62.02 and is near its 52-week high.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) was downgraded by stock analysts at Evercore from an "outperform" rating to an "in-line" rating in a research note issued to investors on Monday, Briefing.com reports. They currently have a $65.00 price target on the technology company's stock. Evercore's price target would indicate a potential upside of 4.81% from the stock's previous close.

Other analysts have also recently issued reports about the company. Piper Sandler reissued a "neutral" rating and issued a $57.00 price target (down from $63.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, September 3rd. Loop Capital raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and raised their price objective for the company from $23.00 to $75.00 in a research report on Tuesday, June 2nd. Zacks Research upgraded Hewlett Packard Enterprise from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 4th. The Goldman Sachs Group increased their target price on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Finally, Argus restated a "buy" rating and set a $70.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus target price of $69.18.

Hewlett Packard Enterprise Trading Down 0.1%

HPE opened at $62.02 on Monday. 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 has a 52 week low of $19.84 and a 52 week high of $64.25. The stock has a market cap of $82.32 billion, a PE ratio of 32.30, a PEG ratio of 0.55 and a beta of 1.43. The business has a 50 day moving average of $51.32 and a 200-day moving average of $39.14.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $11.97 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. The firm's quarterly 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. Equities research analysts predict that Hewlett Packard Enterprise will post 3.34 earnings per share for the current fiscal year.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Kirt Karros sold 18,785 shares of the business's stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at this link. 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 large investors have recently bought and sold shares of HPE. Delos Wealth Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $27,000. First Bancorp Inc ME bought a new position in Hewlett Packard Enterprise during the second quarter valued at approximately $30,000. Transamerica Financial Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the second quarter worth approximately $37,000. SJS Investment Consulting Inc. boosted its holdings in Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company's stock worth $28,000 after purchasing an additional 716 shares during the last quarter. Finally, Ancora Advisors LLC bought a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $56,000. 80.78% of the stock is currently owned by institutional investors.

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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