Hewlett Packard Enterprise - HPE Stock Forecast, Price & News

12 Wall Street 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 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 brokers have issued 12-month price objectives for Hewlett Packard Enterprise's stock. Their HPE share price forecasts range from $14.00 to $20.00. On average, they anticipate the company's stock price to reach $16.77 in the next twelve months. This suggests a possible upside of 17.8% 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 10.8% and is now trading at $14.23.
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Hewlett Packard Enterprise saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 24,050,000 shares, a decrease of 8.5% from the February 13th total of 26,270,000 shares. Based on an average trading volume of 13,320,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.9% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
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Hewlett Packard Enterprise (NYSE:HPE) issued its quarterly earnings results on Thursday, March, 2nd. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The technology company had revenue of $7.81 billion for the quarter, compared to analyst estimates of $7.40 billion. Hewlett Packard Enterprise had a net margin of 2.92% and a trailing twelve-month return on equity of 4.22%. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS.
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Hewlett Packard Enterprise announced a quarterly dividend on Thursday, March 2nd. Stockholders 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 yield of 3.37%. The ex-dividend date of this dividend 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 RiverFront Dynamic US Dividend Advantage ETF (RFDA), Fidelity Cloud Computing ETF (FCLD), Nuveen ESG Mid-Cap Value ETF (NUMV), Affinity World Leaders Equity ETF (WLDR), AAM S&P 500 High Dividend Value ETF (SPDV), Invesco S&P 500 Value with Momentum ETF (SPVM), First Trust Cloud Computing ETF (SKYY) and SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV).

Hewlett Packard Enterprise (NYSE:HPE) pays an annual dividend of $0.48 per share and currently has a dividend yield of 3.36%. 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 32.21% 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 second quarter 2023 earnings guidance on Thursday, March, 2nd. The company provided earnings per share (EPS) guidance of $0.44-$0.52 for the period, compared to the consensus earnings per share estimate of $0.47. The company issued revenue guidance of $7.10 billion-$7.50 billion, compared to the consensus revenue estimate of $7.04 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 many different institutional and retail investors. Top institutional shareholders include Bank of America Corp DE (4.11%), Amundi (2.49%), Pzena Investment Management LLC (2.29%), Geode Capital Management LLC (2.09%), Arrowstreet Capital Limited Partnership (1.69%) and Victory Capital Management Inc. (1.44%). 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 $14.23.

Hewlett Packard Enterprise (NYSE:HPE) has a market capitalization of $18.44 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.