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S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
NYSE:HPE

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

$17.14
-0.12 (-0.70%)
(As of 04/16/2024 ET)
Today's Range
$16.91
$17.38
50-Day Range
$14.86
$18.77
52-Week Range
$13.65
$20.07
Volume
11.21 million shs
Average Volume
15.38 million shs
Market Capitalization
$22.28 billion
P/E Ratio
11.82
Dividend Yield
3.03%
Price Target
$17.73

Hewlett Packard Enterprise MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
3.5% Upside
$17.73 Price Target
Short Interest
Healthy
2.15% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.30mentions of Hewlett Packard Enterprise in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
21.43%
From $1.40 to $1.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.29 out of 5 stars

Computer And Technology Sector

109th out of 593 stocks

Computer & Office Equipment Industry

4th out of 12 stocks

HPE stock logo

About Hewlett Packard Enterprise Stock (NYSE:HPE)

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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE Synergy; HPE Alletra, HPE GreenLake, Zerto, HPE InfoSight, and HPE CloudPhysics storage products; HPE Cray EX, HPE Cray XD, and converged edge systems; and HPE Superdome Flex, HPE Nonstop, and HPE Integrity products. It also provides HPE Aruba products that includes hardware products, such as Wi-Fi access points, switches, and gateways; HPE Aruba Networking software and services comprising cloud-based management, network management and access control, analytics and assurance, software-defined wide-area networking, network security, analytics and assurance, and location services software; and professional and support services, as well as as-a-service and consumption models. In addition, the company offers leasing, financing, IT consumption, and utility programs and asset management services for customers to facilitate technology deployment models and the acquisition of various IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others; consultative-led services; HPE Ezmeral Container Platform; HPE Ezmeral Software Container Platform and HPE Ezmeral Software Data Fabric; OpsRamp; and Hewlett Packard Labs. It serves commercial and large enterprise groups, such as business and public sector enterprises; and through various partners comprising resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. The company was founded in 1939 and is headquartered in Spring, Texas.

HPE Stock Price History

HPE Stock News Headlines

2 Data Storage Device Stocks Thriving From the AI Boom
The artificial intelligence (AI) boom has accelerated revenues for various companies in the computer and technology sector. The obvious benefactor and leader of the AI wave is Nvidia Co. NASDAQ: NVDA, with its 90% market share of GPUs.
Micron Technology Results Proves AI is Driving Storage Demand (HPE)
Micron Technology Inc. (NASDAQ: MU) is synonymous with memory chips, just as Nvidia Co. (NASDAQ: NVDA) is synonymous with artificial intelligence (AI).
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
The inside story of a rotten Hewlett Packard deal to be told in trial of fallen British tech star
An $11 billion acquisition that backfired on Silicon Valley pioneer Hewlett Packard more than a decade ago is being resurrected at a trial that exploring whether the deal was an illegal rip-off or a case of botched management
The inside story of a rotten Hewlett Packard deal to be told in trial of fallen British tech star
An $11 billion acquisition that backfired on Silicon Valley pioneer Hewlett Packard more than a decade ago is being resurrected at a trial that exploring whether the deal was an illegal rip-off or a case of botched management
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
Evaluating Hewlett Packard: Insights From 5 Financial Analysts
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Ex-Dividend for 4/12 Dividend
3/14/2024
Dividend Payable
4/12/2024
Today
4/16/2024
Next Earnings (Estimated)
6/04/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Computer & office equipment
Sub-Industry
N/A
Fax
N/A
Employees
62,000
Year Founded
1939

Price Target and Rating

Average Stock Price Target
$17.73
High Stock Price Target
$20.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+3.5%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$2.03 billion
Pretax Margin
7.44%

Debt

Sales & Book Value

Annual Sales
$29.14 billion
Cash Flow
$3.55 per share
Book Value
$16.56 per share

Miscellaneous

Outstanding Shares
1,300,000,000
Free Float
1,294,800,000
Market Cap
$22.28 billion
Optionable
Optionable
Beta
1.21

Social Links

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Should I Buy Hewlett Packard Enterprise Stock? HPE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Hewlett Packard Enterprise:

  • Hewlett Packard Enterprise reported earnings per share of $0.48 for the quarter, exceeding the consensus estimate by $0.03, indicating strong financial performance.
  • The company announced a quarterly dividend of $0.13 per share, providing investors with a steady income stream.
  • Hewlett Packard Enterprise offers a diverse range of products and services, including HPE ProLiant rack and tower servers, HPE Synergy, and HPE Aruba products, catering to various technology needs.
  • The company operates in multiple segments, such as Compute, HPC & AI, Storage, and Intelligent Edge, showcasing a broad market presence and potential for growth.
  • Hewlett Packard Enterprise's stock price has shown resilience, with analysts maintaining an average rating of "Hold" and an average target price of $17.45, indicating stability and potential upside.

Cons

Investors should be bearish about investing in Hewlett Packard Enterprise for these reasons:

  • Despite positive earnings, the company's revenue for the quarter was down 13.5% compared to the same period last year, signaling a decline in top-line growth.
  • Several analysts have downgraded their ratings on Hewlett Packard Enterprise, with price targets being lowered, indicating potential concerns about future performance.
  • The dividend payout ratio of 35.86% suggests that a significant portion of earnings is being distributed as dividends, potentially limiting reinvestment for growth.
  • Market conditions and competition in the technology sector may pose challenges for Hewlett Packard Enterprise to maintain its market share and profitability.
  • The company's stock price has faced fluctuations, with uncertainties in the market impacting investor sentiment and creating volatility in the stock.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Hewlett Packard Enterprise pros and cons to contact@marketbeat.com.

HPE Stock Analysis - Frequently Asked Questions

Should I buy or sell Hewlett Packard Enterprise stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hewlett Packard Enterprise in the last year. There are currently 7 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.
View HPE analyst ratings
or view top-rated stocks.

What is Hewlett Packard Enterprise's stock price target for 2024?

10 brokerages have issued 1 year target prices for Hewlett Packard Enterprise's shares. Their HPE share price targets range from $14.00 to $20.00. On average, they predict the company's share price to reach $17.73 in the next year. This suggests a possible upside of 3.5% from the stock's current price.
View analysts price targets for HPE
or view top-rated stocks among Wall Street analysts.

How have HPE shares performed in 2024?

Hewlett Packard Enterprise's stock was trading at $16.98 at the start of the year. Since then, HPE stock has increased by 0.9% and is now trading at $17.1350.
View the best growth stocks for 2024 here
.

Are investors shorting Hewlett Packard Enterprise?

Hewlett Packard Enterprise saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 27,770,000 shares, an increase of 17.0% from the March 15th total of 23,740,000 shares. Based on an average daily trading volume, of 15,710,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.2% of the company's stock are short sold.
View Hewlett Packard Enterprise's Short Interest
.

When is Hewlett Packard Enterprise's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024.
View our HPE earnings forecast
.

How were Hewlett Packard Enterprise's earnings last quarter?

Hewlett Packard Enterprise (NYSE:HPE) announced its quarterly earnings results on Thursday, February, 29th. The technology company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The technology company earned $6.76 billion during the quarter, compared to the consensus estimate of $7.09 billion. Hewlett Packard Enterprise had a trailing twelve-month return on equity of 9.12% and a net margin of 6.81%. Hewlett Packard Enterprise's revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS.
Read the conference call transcript
.

How often does Hewlett Packard Enterprise pay dividends? What is the dividend yield for Hewlett Packard Enterprise?

Hewlett Packard Enterprise announced a quarterly dividend on Thursday, February 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.13 per share on Friday, April 12th. This represents a $0.52 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for HPE
.

Is Hewlett Packard Enterprise a good dividend stock?

Hewlett Packard Enterprise (NYSE:HPE) pays an annual dividend of $0.52 per share and currently has a dividend yield of 2.99%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HPE will have a dividend payout ratio of 30.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HPE.

What guidance has Hewlett Packard Enterprise issued on next quarter's earnings?

Hewlett Packard Enterprise updated its FY 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share guidance of 1.820-1.920 for the period, compared to the consensus estimate of 1.920. The company issued revenue guidance of $29.1 billion-$29.7 billion, compared to the consensus revenue estimate of $29.5 billion.

What is Antonio Neri's approval rating as Hewlett Packard Enterprise's CEO?

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.

What other stocks do shareholders of Hewlett Packard Enterprise own?

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).

Who are Hewlett Packard Enterprise's major shareholders?

Hewlett Packard Enterprise's stock is owned by a variety of retail and institutional investors. Top institutional investors include Banque Cantonale Vaudoise (0.02%), IMC Chicago LLC (0.00%), Czech National Bank (0.02%), Meyer Handelman Co. (0.02%), Alaska Permanent Fund Corp (0.01%) and Radnor Capital Management LLC (0.01%). Insiders that own company stock include Alan Richard May, Antonio F Neri, Gary M Reiner, Irv Rothman, Jean M Hobby, 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
.

How do I buy shares of Hewlett Packard Enterprise?

Shares of HPE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Hewlett Packard Enterprise have any subsidiaries?
The following companies are subsidiares of Hewlett Packard Enterprise: 3Com International Inc., 3PAR Inc., Apogee, Aruba Networks Inc., Aruba Networks International Cayman, Aruba Networks International Limited, BlueData Software, Cloud Cruiser, Cloud Technology Partners, Cloud Technology Partners Inc., Compaq Computer (Mauritius), Compaq Trademark B.V., Cray, Cray Inc., EDS World Corporation (Far East) LLC, EYP Mission Critical Facilities Inc., H3C Holdings Limited, HP Enterprise Services Australia Pty Ltd, HP Financial Services (Australia) Pty Limited, HP Financial Services (Chile) Limitada, HP Financial Services (Japan) K.K., HP Financial Services Arrendamento Mercantil S.A., HP Financial Services Company (Korea), HP Financial Services International Holdings Company, HPE Government LLC, HPFS Global Holdings I LLC, HPFS Global Holdings II LLC, HPFS Rental S.R.L., Hangzhou H3C Technologies Co. Ltd, Hewlett Packard Caribe BV LLC, Hewlett Packard Colombia Ltda., Hewlett Packard Enterprise (China) Co. Ltd., Hewlett Packard Enterprise B.V., Hewlett Packard Enterprise B.V. Amstelveen Meyrin Branch, Hewlett Packard Enterprise Canada Co., Hewlett Packard Enterprise Canada Co. Hewlett Packard Enterprise Canada Cie, Hewlett Packard Enterprise Costa Rica Limitada, Hewlett Packard Enterprise GlobalSoft Private Limited, Hewlett Packard Enterprise India Private Limited, Hewlett Packard Enterprise Ireland Limited, Hewlett Packard Enterprise Luxembourg SCA, Hewlett Packard Enterprise Polska sp. z o.o., Hewlett Packard Pathfinder LLC, Hewlett Packard Taiwan Ltd., Hewlett-Packard (Israel) Ltd., Hewlett-Packard (M) Sdn. Bhd., Hewlett-Packard (Nigeria) Limited, Hewlett-Packard (Schweiz) GmbH, Hewlett-Packard (Tanzania) Limited, Hewlett-Packard (Thailand) Limited, Hewlett-Packard ApS, Hewlett-Packard Argentina S.R.L., Hewlett-Packard Asia Pacific Pte. Ltd., Hewlett-Packard Australia Pty Ltd, Hewlett-Packard Belgium SPRL/BVBA, Hewlett-Packard Bermuda Enterprises LLC, Hewlett-Packard Brasil Ltda., Hewlett-Packard Bulgaria EOOD, Hewlett-Packard Caribe B.V., Hewlett-Packard Caribe Y Andina B.V. LLC, Hewlett-Packard Chile Comercial Limitada, Hewlett-Packard Cyprus Ltd, Hewlett-Packard Ecuador Cia. Ltda., Hewlett-Packard Egypt Ltd., Hewlett-Packard Financial Services (India) Private Limited, Hewlett-Packard Financial Services Canada Company, Hewlett-Packard Financial Services Company, Hewlett-Packard France SAS, Hewlett-Packard G1 SPV (Cayman) Company, Hewlett-Packard Gesellschaft mbH, Hewlett-Packard Ghana Limited, Hewlett-Packard GmbH, Hewlett-Packard Guatemala Limitada, Hewlett-Packard HK SAR Ltd., Hewlett-Packard Hellas EPE, Hewlett-Packard Holdings Ltd., Hewlett-Packard International Bank Designated Activity Company, Hewlett-Packard International Bank Public Limited Company, Hewlett-Packard International Sàrl, Hewlett-Packard Italiana S.r.l., Hewlett-Packard Japan Ltd., Hewlett-Packard Korea Ltd., Hewlett-Packard Leasing Limited, Hewlett-Packard Limited, Hewlett-Packard Luxembourg Enterprises LLC, Hewlett-Packard Macau Limited, Hewlett-Packard Manufacturing Ltd, Hewlett-Packard Marigalante Ltd., Hewlett-Packard Mexico S. de R.L. de C.V., Hewlett-Packard Middle East FZ-LLC, Hewlett-Packard Moçambique Limitada - Sociedada em Liquidação, Hewlett-Packard Nederland B.V., Hewlett-Packard New Zealand, Hewlett-Packard Norge AS, Hewlett-Packard OY, Hewlett-Packard Operations Mexico S. de R.L. de C.V., Hewlett-Packard Peru S.R.L., Hewlett-Packard Philippines Corporation, Hewlett-Packard Portugal Lda., Hewlett-Packard SARL, Hewlett-Packard SIA, Hewlett-Packard Servicios España S.L., Hewlett-Packard Singapore (Sales) Pte. Ltd., Hewlett-Packard South Africa (Proprietary) Limited, Hewlett-Packard Sverige AB, Hewlett-Packard Technology Center Inc., Hewlett-Packard Teknoloji Çözümleri Limited Şirketi, Hewlett-Packard The Hague B.V., Hewlett-Packard Venezuela S.R.L., Hewlett-Packard Vision Limited, Hewlett-Packard d.o.o., Hewlett-Packard s.r.o., Limited Liability Company Hewlett Packard Enterprise, MapR Technologies, New H3C Technologies Co. Ltd., Niara Inc., Nimble Storage, Nimble Storage Inc., Nimble Storage Israel Ltd, Nimble Storage Japan GK, Nimble Storage UK Limited, Plexxi, RedPixie, SGI (Silicon Graphics), Sapphire Holding Co, Scytale, Shanghai Hewlett-Packard Co. Ltd., Silver Peak, SimpliVity, Sinope Holding B.V., Trilead, UAB ES Hague Lietuva, and Unis Huashan Technologies Co. Limited.
Read More
This page (NYSE:HPE) was last updated on 4/17/2024 by MarketBeat.com Staff

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