Hewlett Packard Enterprise (NYSE:HPE) Trading Up 1.6% - Still a Buy?

Key Points

• HPE shares rose 1.6% to $61.76, while analysts maintained a generally positive outlook. The stock has a “Moderate Buy” consensus rating and an average price target of $69.18.
• HPE reported strong quarterly results, with EPS of $1.11 versus the $0.93 consensus and revenue of $12.21 billion, up 33.7% year over year. The company also provided fiscal 2026 earnings guidance.
• The company declared a quarterly dividend of $0.1425 per share, equivalent to a 0.9% annual yield, while CEO Antonio Neri and a director recently sold shares under disclosed transactions.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) traded up 1.6% on Monday . The stock traded as high as $63.86 and last traded at $61.76. 20,136,267 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 21,438,252 shares. The stock had previously closed at $60.76.

Wall Street Analyst Weigh In

HPE has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 1st. They issued a "buy" rating and a $62.00 price objective on the stock. The Goldman Sachs Group upped their price target on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. raised their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an "overweight" rating in a report on Tuesday, June 2nd. Truist Financial lifted their price objective on Hewlett Packard Enterprise from $69.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Finally, Wells Fargo & Company dropped their price objective on Hewlett Packard Enterprise from $67.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $69.18.

Hewlett Packard Enterprise Stock Up 1.6%

The firm's 50-day simple moving average is $52.54 and its 200 day simple moving average is $40.44. The company has a market cap of $81.98 billion, a P/E ratio of 32.17, a PEG ratio of 0.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $11.97 billion. During the same period last year, the company earned $0.44 EPS. The firm's revenue was up 33.7% on a year-over-year basis. 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. On average, research analysts forecast that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.1425 per share. 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 payout ratio is presently 29.69%.

Insider Transactions at Hewlett Packard Enterprise

In related news, CEO Antonio Neri sold 250,000 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $60.44, for a total value of $15,110,000.00. Following the sale, the chief executive officer directly owned 1,432,393 shares in the company, valued at $86,573,832.92. This trade represents a 14.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of the business's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $56.91, for a total transaction of $967,470.00. Following the transaction, the director owned 65,072 shares of the company's stock, valued at approximately $3,703,247.52. This represents a 20.71% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.44% of the company's stock.

Institutional Trading of Hewlett Packard Enterprise

A number of large investors have recently made changes to their positions in the company. Baird Financial Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 15,727 shares of the technology company's stock valued at $709,000 after purchasing an additional 212 shares during the period. Sax Wealth Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 2.9% during the second quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company's stock worth $396,000 after buying an additional 244 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Hewlett Packard Enterprise by 5.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company's stock worth $324,000 after buying an additional 355 shares in the last quarter. Investment Research Partners LLC grew its holdings in shares of Hewlett Packard Enterprise by 2.0% during the fourth quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company's stock worth $527,000 after buying an additional 423 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in 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 during the last quarter. 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 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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