Hewlett Packard Enterprise (NYSE:HPE) Sets New 12-Month High - Here's What Happened

Key Points

• HPE reached a new 52-week high of $70.44, up 2.9% from its previous close, amid a consensus “Moderate Buy” rating and an average analyst price target of $72.06.
• The company reported strong quarterly results, with adjusted EPS of $1.11 beating estimates by $0.18 and revenue of $12.21 billion exceeding forecasts; revenue increased 33.7% year over year.
• HPE declared a quarterly dividend of $0.1425 per share, equivalent to an annualized $0.57 payout and a 0.8% yield, while insiders sold approximately $18.2 million of stock over the past 90 days.

Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $70.44 and last traded at $70.1430, with a volume of 1223501 shares traded. The stock had previously closed at $68.36.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HPE. Argus reissued a "buy" rating and issued a $70.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, September 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 1st. They set a "buy" rating and a $62.00 price objective on the stock. Morgan Stanley raised their price objective on Hewlett Packard Enterprise from $67.00 to $72.00 and gave the company an "overweight" rating in a report on Thursday, October 1st. Bank of America upped their target price on Hewlett Packard Enterprise from $80.00 to $82.00 and gave the stock a "buy" rating in a research note on Monday, August 31st. Finally, Wells Fargo & Company increased their price target on shares of Hewlett Packard Enterprise from $54.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.06.

Hewlett Packard Enterprise Stock Up 2.9%

The stock has a 50 day moving average price of $56.21 and a 200-day moving average price of $43.72. The stock has a market capitalization of $93.34 billion, a P/E ratio of 36.66, a PEG ratio of 0.62 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.93 by $0.18. The firm had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The company's quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. 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, research analysts expect that Hewlett Packard Enterprise Company will post 3.34 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be paid a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 17th. Hewlett Packard Enterprise's dividend payout ratio is 29.69%.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Rami Rahim sold 34,456 shares of the company's stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $61.42, for a total transaction of $2,116,287.52. Following the completion of the sale, the executive vice president directly owned 875,133 shares in the company, valued at $53,750,668.86. This represents a 3.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio Neri sold 250,000 shares of the firm's stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. This trade represents a 14.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 301,456 shares of company stock worth $18,193,758. Insiders own 0.44% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Ferguson Wellman Capital Management Inc. bought a new position in Hewlett Packard Enterprise during the 3rd quarter valued at approximately $241,000. Eastern Bank raised its holdings in shares of Hewlett Packard Enterprise by 206.4% during the third quarter. Eastern Bank now owns 28,994 shares of the technology company's stock valued at $1,852,000 after acquiring an additional 19,532 shares in the last quarter. Silverleafe Capital Partners LLC purchased a new stake in Hewlett Packard Enterprise in the third quarter worth $880,000. Polaris Financial Partners purchased a new stake in Hewlett Packard Enterprise in the third quarter worth $282,000. Finally, CX Institutional boosted its holdings in Hewlett Packard Enterprise by 15.1% in the third quarter. CX Institutional now owns 23,990 shares of the technology company's stock valued at $1,533,000 after acquiring an additional 3,139 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company NYSE: HPE is a global technology company that provides information technology products, services and solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and secure data center, cloud and edge-computing environments.

HPE's portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.

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