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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hewlett Packard Enterprise in the last year. There are currently 2 sell ratings, 6 hold ratings and 4 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.
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12 brokerages have issued 12-month price targets for Hewlett Packard Enterprise's shares. Their HPE share price forecasts range from $14.00 to $20.00. On average, they anticipate the company's share price to reach $16.69 in the next year. This suggests a possible upside of 7.6% 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 stock has decreased by 2.8% and is now trading at $15.52.
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Hewlett Packard Enterprise saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 31,590,000 shares, an increase of 7.2% from the April 30th total of 29,480,000 shares. Based on an average trading volume of 12,080,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.5% of the shares of the company are short sold.
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Hewlett Packard Enterprise (NYSE:HPE) released its earnings results on Tuesday, May, 30th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The technology company had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $7.30 billion. Hewlett Packard Enterprise had a trailing twelve-month return on equity of 4.22% and a net margin of 2.92%. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share.

Hewlett Packard Enterprise declared a quarterly dividend on Thursday, March 2nd. Investors of record on Friday, March 17th will be given a dividend of $0.12 per share on Friday, April 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Thursday, March 16th.
Read our dividend analysis for HPE.

ETFs with the largest weight of Hewlett Packard Enterprise (NYSE:HPE) stock in their portfolio include WBI BullBear Yield 3000 ETF (WBIG), Fidelity Cloud Computing ETF (FCLD), Nuveen ESG Mid-Cap Value ETF (NUMV), IQ U.S. Mid Cap R&D Leaders ETF (MRND), AAM S&P 500 High Dividend Value ETF (SPDV), Affinity World Leaders Equity ETF (WLDR), Invesco S&P 500 Value with Momentum ETF (SPVM) and First Trust Cloud Computing ETF (SKYY).

Hewlett Packard Enterprise (NYSE:HPE) pays an annual dividend of $0.48 per share and currently has a dividend yield of 3.13%. The dividend payout ratio is 73.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HPE will have a dividend payout ratio of 32.43% 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 third quarter 2023 earnings guidance on Wednesday, May, 31st. The company provided earnings per share (EPS) guidance of $0.44-$0.48 for the period, compared to the consensus earnings per share estimate of $0.46. The company issued revenue guidance of $6.70 billion-$7.20 billion, compared to the consensus revenue estimate of $7.24 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.15%), State Street Corp (5.25%), Bank of America Corp DE (4.58%), Dodge & Cox (4.44%), Arrowstreet Capital Limited Partnership (2.13%) and Geode Capital Management LLC (2.09%). 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, Justin Hotard, Keerti Melkote, Keith Anderson, Kirt P Karros, Neil B Macdonald, Phil Mottram, Tarek Robbiati, Thomas E Black Jr and Thomas E Black, Jr.
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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 $15.52.

Hewlett Packard Enterprise (NYSE:HPE) has a market capitalization of $20.11 billion and generates $28.50 billion in revenue each year. The technology company earns $868 million in net income (profit) each year or $0.65 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.