Hewlett Packard Enterprise (NYSE:HPE) Now Covered by Piper Sandler

Key Points

• Piper Sandler has initiated coverage of Hewlett Packard Enterprise (NYSE:HPE) with a "neutral" rating and a price target of $24.00, indicating a potential upside of 3.12% from its current price.
• Multiple research analysts have varying ratings on HPE, with one analyst assigning a Strong Buy rating, eight a Buy rating, and thirteen a Hold rating, resulting in a consensus rating of "Hold" and an average target price of $25.41.
• In recent insider trading, EVP Maeve C. Culloty sold over 3,700 shares at approximately $25.12 per share, while Director Gary M. Reiner sold 40,000 shares at about $24.58 per share, indicating significant insider selling actions.

Research analysts at Piper Sandler initiated coverage on shares of Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage set a "neutral" rating and a $24.00 price target on the technology company's stock. Piper Sandler's price objective suggests a potential upside of 3.12% from the stock's current price.

A number of other research analysts have also recently commented on HPE. Weiss Ratings reissued a "hold (c)" rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $22.00 to $28.00 in a research report on Thursday, August 21st. Wolfe Research initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. Finally, Barclays lifted their price target on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Hold" and an average target price of $25.41.

Hewlett Packard Enterprise Trading Up 1.8%

NYSE HPE opened at $23.27 on Wednesday. The company's fifty day simple moving average is $23.69 and its 200-day simple moving average is $20.03. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $26.44. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The stock has a market cap of $30.71 billion, a P/E ratio of 28.38, a PEG ratio of 1.70 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.77 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The company's revenue for the quarter was up 19.8% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Equities research analysts predict that Hewlett Packard Enterprise will post 1.85 EPS for the current fiscal year.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 3,738 shares of the business's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the sale, the director owned 83,869 shares of the company's stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 543,738 shares of company stock worth $12,922,932 over the last 90 days. Insiders own 0.36% of the company's stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Hewlett Packard Enterprise by 1.6% during the second quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company's stock worth $3,472,493,000 after acquiring an additional 2,604,059 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Hewlett Packard Enterprise by 2.2% during the second quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company's stock worth $701,864,000 after acquiring an additional 724,974 shares during the last quarter. Elliott Investment Management L.P. bought a new position in shares of Hewlett Packard Enterprise during the second quarter worth about $381,004,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Hewlett Packard Enterprise by 15.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company's stock worth $271,333,000 after acquiring an additional 2,373,850 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Hewlett Packard Enterprise by 3.4% in the first quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock worth $258,144,000 after purchasing an additional 545,775 shares during the period. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.