Hewlett Packard Enterprise (HPE) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hewlett Packard Enterprise in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HPE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HPE, but not buy additional shares or sell existing shares.
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10 analysts have issued twelve-month target prices for Hewlett Packard Enterprise's stock. Their HPE share price forecasts range from $15.00 to $21.00. On average, they expect the company's stock price to reach $17.33 in the next twelve months. This suggests a possible upside of 2.1% from the stock's current price.
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Hewlett Packard Enterprise's stock was trading at $15.96 at the start of the year. Since then, HPE shares have increased by 6.4% and is now trading at $16.98.
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Hewlett Packard Enterprise saw a decrease in short interest in August. As of August 31st, there was short interest totaling 30,800,000 shares, a decrease of 10.3% from the August 15th total of 34,320,000 shares. Based on an average daily volume of 11,720,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.4% of the shares of the company are short sold.
View Hewlett Packard Enterprise's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
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Hewlett Packard Enterprise (NYSE:HPE) posted its quarterly earnings results on Tuesday, August, 29th. The technology company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The technology company had revenue of $7 billion for the quarter, compared to analysts' expectations of $6.99 billion. Hewlett Packard Enterprise had a trailing twelve-month return on equity of 5.32% and a net margin of 3.64%. The company's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share.
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Hewlett Packard Enterprise announced a quarterly dividend on Tuesday, August 29th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.12 per share on Friday, October 13th. This represents a $0.48 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, September 13th.
Read our dividend analysis for HPE.

ETFs with the largest weight of Hewlett Packard Enterprise (NYSE:HPE) stock in their portfolio include Adaptiv Select ETF (ADPV), Fidelity Cloud Computing ETF (FCLD), iShares Focused Value Factor ETF (FOVL), First Trust Cloud Computing ETF (SKYY), Nuveen ESG Mid-Cap Value ETF (NUMV), AAM S&P 500 High Dividend Value ETF (SPDV), US Equity Dividend Select ETF (RNDV) and Affinity World Leaders Equity ETF (WLDR).

Hewlett Packard Enterprise (NYSE:HPE) pays an annual dividend of $0.48 per share and currently has a dividend yield of 2.81%. The dividend payout ratio is 58.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HPE will have a dividend payout ratio of 31.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HPE.

Hewlett Packard Enterprise issued an update on its FY 2023 earnings guidance on Tuesday, August, 29th. The company provided earnings per share (EPS) guidance of $2.11-$2.15 for the period, compared to the consensus earnings per share estimate of $2.11. The company issued revenue guidance of $29.64 billion-$30.21 billion, compared to the consensus revenue estimate of $29.27 billion.

1,708 employees have rated Hewlett Packard Enterprise Chief Executive Officer Antonio Neri on Glassdoor.com. Antonio Neri has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hewlett Packard Enterprise investors own include HP (HPQ), AT&T (T), Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), Advanced Micro Devices (AMD), Bank of America (BAC), General Electric (GE), Pfizer (PFE) and Micron Technology (MU).

Hewlett Packard Enterprise trades on the New York Stock Exchange (NYSE) under the ticker symbol "HPE."

Hewlett Packard Enterprise's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.50%), State Street Corp (5.27%), Geode Capital Management LLC (2.15%), Nuveen Asset Management LLC (1.67%), Nuveen Asset Management LLC (1.67%) and Victory Capital Management Inc. (1.38%). Insiders that own company stock include Alan Richard May, Antonio F Neri, Gary M Reiner, Irv Rothman, Jean M Hobby, Jeff T Ricci, Jeremy Cox, John F Schultz, John F Schultz, Justin Hotard, Keerti Melkote, Keith Anderson, Kirt P Karros, Kirt P Karros, Neil B Macdonald, Phil Mottram, Tarek Robbiati, Thomas E Black Jr and Thomas E Black, Jr.
View institutional ownership trends.

Shares of HPE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HPE stock can currently be purchased for approximately $16.98.

Hewlett Packard Enterprise (NYSE:HPE) has a market capitalization of $21.78 billion and generates $28.50 billion in revenue each year. The technology company earns $868 million in net income (profit) each year or $0.82 on an earnings per share basis.

The company employs 60,200 workers across the globe.

Hewlett Packard Enterprise's mailing address is 6280 America Center Drive, San Jose CA, 95002. The official website for the company is www.hpe.com. The technology company can be reached via phone at (650) 687-5817 or via email at investor.relations@hpe.com.