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Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Best Bear Market Funds: Top 3 Investment Options to Consider
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Best Bear Market Funds: Top 3 Investment Options to Consider
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Best Bear Market Funds: Top 3 Investment Options to Consider
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Best Bear Market Funds: Top 3 Investment Options to Consider
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
NYSE:HPE

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

$17.67
-0.02 (-0.11%)
(As of 03/27/2024 ET)
Today's Range
$17.41
$17.80
50-Day Range
$14.86
$18.77
52-Week Range
$13.65
$20.07
Volume
9.67 million shs
Average Volume
24.57 million shs
Market Capitalization
$22.97 billion
P/E Ratio
12.19
Dividend Yield
2.94%
Price Target
$17.45

Hewlett Packard Enterprise MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
1.2% Downside
$17.45 Price Target
Short Interest
Healthy
1.84% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.27mentions of Hewlett Packard Enterprise in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
24.29%
From $1.40 to $1.74 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.

4.80 out of 5 stars

Computer And Technology Sector

40th out of 591 stocks

Communication Equipment Industry

1st out of 1 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

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).
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
Warning: this could blow your mind
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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
Is Hewlett Packard Enterprises Still a Cheap AI Server Play?
What do Super Micro Computer Inc. NASDAQ: SMCI, Dell Technologies Inc. NYSE: DELL and Hewlett Packard Enterprise Co. NYSE: HPE have in common? They are all in the computer and technology sector, and they all make artificial intelligence (AI) servers.
Is Hewlett Packard Enterprises Still a Cheap AI Server Play?
Hewlett Packard Enterprises shares trade at a discount as its AI server business lags its peers, but with the supply chain normalizing, a rebound may be coming
Hewlett Packard Enterprise (NYSE:HPE) Trading Up 2.2%
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Mike Lynch goes on trial over HP takeover of Automony
HPE Apr 2024 14.000 put
HPE Apr 2024 22.000 call
HPE Apr 2024 17.000 put
The 3 Best Stocks to Buy With $1,000 in March 2024
See More Headlines
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Company Calendar

Ex-Dividend for 1/11 Dividend
12/12/2023
Dividend Payable
1/11/2024
Last Earnings
2/29/2024
Ex-Dividend for 4/12 Dividend
3/14/2024
Today
3/28/2024
Dividend Payable
4/12/2024
Next Earnings (Estimated)
6/04/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Communication 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
-1.2%
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
$3.67 per share
Book Value
$16.51 per share

Miscellaneous

Outstanding Shares
1,300,000,000
Free Float
1,294,800,000
Market Cap
$22.97 billion
Optionable
Optionable
Beta
1.19

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Hewlett Packard Enterprise was last updated on Tuesday, March 26, 2024 at 11:04 PM.

Pros

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

  • Hewlett Packard Enterprise offers a diverse range of products and services, including HPE ProLiant rack and tower servers, HPE Synergy, HPE Alletra, and HPE GreenLake storage products, catering to various computing needs.
  • The company provides innovative solutions like HPE Aruba products, which include hardware products, software, and services for networking, security, and management, offering comprehensive solutions for businesses.
  • Hewlett Packard Enterprise's financial services division provides leasing, financing, and asset management services, enabling customers to adopt flexible technology deployment models and acquire IT solutions efficiently.
  • The company's focus on emerging technologies like HPC & AI, Intelligent Edge, and cloud-based services positions it well to capitalize on the growing demand for advanced computing solutions in various industries.
  • Despite market fluctuations, Hewlett Packard Enterprise has shown resilience and adaptability, maintaining a competitive edge in the computer and office equipment industry.

Cons

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

  • The stock price of Hewlett Packard Enterprise may be subject to volatility due to market conditions and industry competition, requiring investors to carefully monitor and manage their investments.
  • Intense competition in the technology sector, particularly in areas like cloud computing and networking, could impact Hewlett Packard Enterprise's market share and profitability, posing risks to investors.
  • Fluctuations in global economic conditions and geopolitical factors may influence the demand for IT solutions and services, potentially affecting Hewlett Packard Enterprise's revenue and growth prospects.
  • Investors need to consider the company's exposure to cybersecurity risks and data breaches, as any incidents could lead to financial losses, reputational damage, and legal implications for Hewlett Packard Enterprise.
  • Changes in regulatory environments, trade policies, and compliance requirements could impact Hewlett Packard Enterprise's operations and financial performance, creating uncertainties for investors in the long term.

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 brokers have issued 12-month target prices for Hewlett Packard Enterprise's shares. Their HPE share price targets range from $14.00 to $20.00. On average, they anticipate the company's share price to reach $17.45 in the next twelve months. This suggests that the stock has a possible downside of 1.2%.
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 on January 1st, 2024. Since then, HPE stock has increased by 4.1% and is now trading at $17.67.
View the best growth stocks for 2024 here
.

Are investors shorting Hewlett Packard Enterprise?

Hewlett Packard Enterprise saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 23,740,000 shares, a decline of 27.5% from the February 29th total of 32,750,000 shares. Based on an average trading volume of 14,930,000 shares, the short-interest ratio is presently 1.6 days. Currently, 1.8% of the shares of the stock are sold short.
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 quarterly earnings results on Thursday, February, 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating 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 firm's revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the business 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 declared a quarterly dividend on Thursday, February 29th. Investors 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 annualized dividend and a yield of 2.94%. 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 2.99%. 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 29.89% 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 earnings per share (EPS) guidance of 1.820-1.920 for the period, compared to the consensus earnings per share 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 shareholders include Vanguard Group Inc. (12.01%), Vanguard Group Inc. (12.01%), Dodge & Cox (4.17%), Primecap Management Co. CA (2.47%), Nuveen Asset Management LLC (1.68%) and Dimensional Fund Advisors LP (1.36%). 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 3/28/2024 by MarketBeat.com Staff

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