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S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
NYSE:HPE

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

$17.42
-0.52 (-2.90%)
(As of 04/12/2024 ET)
Today's Range
$17.39
$17.91
50-Day Range
$14.86
$18.77
52-Week Range
$13.65
$20.07
Volume
14.01 million shs
Average Volume
15.41 million shs
Market Capitalization
$22.65 billion
P/E Ratio
12.01
Dividend Yield
2.99%
Price Target
$17.45

Hewlett Packard Enterprise MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
0.2% Upside
$17.45 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
0.28mentions of Hewlett Packard Enterprise in the last 14 days
Based on 11 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.

4.22 out of 5 stars

Computer And Technology Sector

346th out of 1,800 stocks

Computer & Office Equipment Industry

16th out of 39 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).
Gold Hits New All-Time Highs
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
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
Gold Hits New All-Time Highs
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
Mike Lynch goes on trial over HP takeover of Automony
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Ex-Dividend for 4/12 Dividend
3/14/2024
Today
4/12/2024
Dividend Payable
4/12/2024
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
$17.45
High Stock Price Target
$20.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+0.2%
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
$3.50 per share
Book Value
$16.56 per share

Miscellaneous

Outstanding Shares
1,300,000,000
Free Float
1,294,800,000
Market Cap
$22.65 billion
Optionable
Optionable
Beta
1.21

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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 servers, HPE Aruba networking solutions, and HPE Ezmeral software, catering to various technology needs.
  • Analysts have given Hewlett Packard Enterprise an average rating of "Hold" with an average target price of $17.45, suggesting potential for stock price appreciation.
  • The company operates globally, serving customers across different regions, which can help in diversifying revenue streams and reducing geographical risk.

Cons

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

  • Hewlett Packard Enterprise's revenue for the quarter was down 13.5% compared to the same period last year, indicating a decline in top-line growth.
  • The company's dividend payout ratio is currently 35.86%, which may raise concerns about the sustainability of the dividend payments in the long term.
  • Several analysts have downgraded their price targets for Hewlett Packard Enterprise, suggesting a lack of strong bullish sentiment in the market.
  • The technology sector is highly competitive and rapidly evolving, posing challenges for Hewlett Packard Enterprise to maintain its market position and profitability.
  • Market conditions and macroeconomic factors can impact the demand for enterprise technology solutions, potentially affecting Hewlett Packard Enterprise's financial performance.
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 Wednesday, April 10, 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 research 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 research 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 Wall Street analysts have issued 12 month price objectives 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 $17.45 in the next twelve months. This suggests a possible upside of 0.2% 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 2.6% and is now trading at $17.42.
View the best growth stocks for 2024 here
.

Are investors shorting Hewlett Packard Enterprise?

Hewlett Packard Enterprise saw a increase in short interest in 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 shares of the company 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) issued its 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 had revenue of $6.76 billion for the quarter, compared to analysts' expectations 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%. The business's quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 earnings per share.
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. Stockholders of record on Friday, March 15th will be given a dividend of $0.13 per share on Friday, April 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend 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 2.89%. 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 issued an update on its FY 2024 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of 1.820-1.920 for the period, compared to the consensus EPS 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 many different institutional and retail investors. Top institutional shareholders include Banque Cantonale Vaudoise (0.02%), Czech National Bank (0.02%), Meyer Handelman Co. (0.02%), Alaska Permanent Fund Corp (0.01%), Radnor Capital Management LLC (0.01%) and Insight Wealth Strategies 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 4/13/2024 by MarketBeat.com Staff

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