Hewlett Packard Enterprise (NYSE:HPE) Lowered to "Buy" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Hewlett Packard Enterprise from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy,” with 11 Buy ratings and six Holds and an average price target of $69.80.
• HPE reported a strong latest quarter, posting $0.79 in adjusted EPS versus $0.54 expected and $10.68 billion in revenue, up 40% year over year and above the $9.78 billion consensus estimate.
• The stock opened at $53.48 and has risen substantially from its 52-week low of $19.84, while institutional investors own 80.78% of shares; an HPE senior vice president sold 18,785 shares under a pre-arranged trading plan.

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 note issued to investors on Saturday.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company boosted their price objective on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Tuesday, June 2nd. Citigroup raised their target price on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a "buy" rating in a report on Friday, July 24th. Piper Sandler reaffirmed a "neutral" rating and issued a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, June 2nd. Finally, Bank of America increased their price objective on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $69.80.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $53.48 on Friday. Hewlett Packard Enterprise has a 1 year low of $19.84 and a 1 year high of $64.25. The firm's fifty day simple moving average is $48.90 and its 200 day simple moving average is $35.69. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $70.82 billion, a PE ratio of 49.98, a PEG ratio of 0.57 and a beta of 1.42.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $9.78 billion. During the same quarter in the previous year, the business earned ($0.82) EPS. The business's revenue 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. On average, sell-side analysts anticipate that Hewlett Packard Enterprise will post 2.9 EPS for the current year.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the company's stock in a transaction that occurred 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by corporate insiders.

Institutional Trading of Hewlett Packard Enterprise

Several institutional investors have recently modified their holdings of HPE. Sax Wealth Advisors LLC lifted its position in Hewlett Packard Enterprise by 2.9% in the second quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company's stock worth $396,000 after purchasing an additional 244 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Hewlett Packard Enterprise by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company's stock valued at $324,000 after buying an additional 355 shares during the period. Investment Research Partners LLC raised its stake in shares of Hewlett Packard Enterprise by 2.0% in the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company's stock valued at $527,000 after buying an additional 423 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Hewlett Packard Enterprise by 4.5% in the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company's stock valued at $238,000 after buying an additional 429 shares in the last quarter. Finally, Compound Planning Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 2.4% during the 1st quarter. Compound Planning Inc. now owns 18,951 shares of the technology company's stock worth $451,000 after acquiring an additional 446 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Company Profile

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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