Hewlett Packard Enterprise (NYSE:HPE) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Hewlett Packard Enterprise (NYSE:HPE) from an equal weight rating to an overweight rating in a research report report published on Thursday, MarketBeat.com reports. The firm currently has $28.00 price target on the technology company’s stock, up from their previous price target of $22.00.

A number of other equities research analysts also recently weighed in on HPE. The Goldman Sachs Group started coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 24th. They issued a “neutral” rating and a $22.00 target price on the stock. Citigroup began coverage on shares of Hewlett Packard Enterprise in a report on Friday, July 25th. They issued a “buy” rating and a $25.00 price target on the stock. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. began coverage on Hewlett Packard Enterprise in a research note on Thursday, July 17th. They issued an “overweight” rating and a $30.00 target price on the stock. Finally, Bank of America raised their price target on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.27.

Hewlett Packard Enterprise Trading Up 2.9%

NYSE:HPE opened at $22.4610 on Thursday. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The firm has a 50-day moving average price of $20.31 and a two-hundred day moving average price of $18.28. The firm has a market cap of $29.47 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 3.23 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. On average, equities analysts expect that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, June 18th. Hewlett Packard Enterprise’s payout ratio is presently 52.53%.

Insiders Place Their Bets

In related news, EVP Phil Mottram sold 30,000 shares of the firm’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares of the company’s stock, valued at $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. In the last three months, insiders sold 128,590 shares of company stock worth $2,436,000. Insiders own 0.36% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company’s stock valued at $3,472,493,000 after buying an additional 2,604,059 shares in the last quarter. Geode Capital Management LLC lifted its position in Hewlett Packard Enterprise by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company’s stock valued at $701,864,000 after acquiring an additional 724,974 shares during the period. Elliott Investment Management L.P. bought a new stake in Hewlett Packard Enterprise during the second quarter worth about $381,004,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Hewlett Packard Enterprise by 15.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock worth $271,333,000 after purchasing an additional 2,373,850 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Hewlett Packard Enterprise by 3.4% during the first quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock valued at $258,144,000 after purchasing an additional 545,775 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

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.