Hewlett Packard Enterprise (NYSE:HPE) Receives “Equal Weight” Rating from Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of Hewlett Packard Enterprise (NYSE:HPE) in a report released on Monday morning, Marketbeat reports. Morgan Stanley currently has a $25.00 target price on the technology company’s stock, down from their previous target price of $28.00.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 8th. Evercore ISI raised their price objective on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Wells Fargo & Company upped their target price on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, September 4th. Raymond James Financial increased their target price on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 4th. Finally, The Goldman Sachs Group raised their price target on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.24.

Hewlett Packard Enterprise Trading Down 6.9%

HPE stock opened at $21.25 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The company’s 50-day simple moving average is $24.15 and its 200 day simple moving average is $21.26. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $26.44. The company has a market capitalization of $28.04 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.28 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.09). The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.Hewlett Packard Enterprise’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.52 annualized dividend and a yield of 2.4%. Hewlett Packard Enterprise’s payout ratio is presently 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the completion of the transaction, the chief executive officer directly owned 1,919,060 shares in the company, valued at $43,217,231.20. This represents a 7.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the sale, the director owned 83,869 shares in the company, valued at $2,061,500.02. This represents a 32.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bleakley Financial Group LLC grew its position in Hewlett Packard Enterprise by 1.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock worth $1,045,000 after acquiring an additional 439 shares during the last quarter. Spire Wealth Management boosted its stake in shares of Hewlett Packard Enterprise by 7.1% during the third quarter. Spire Wealth Management now owns 6,694 shares of the technology company’s stock valued at $164,000 after purchasing an additional 445 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Hewlett Packard Enterprise by 11.1% during the second quarter. TD Waterhouse Canada Inc. now owns 4,902 shares of the technology company’s stock worth $100,000 after purchasing an additional 489 shares during the last quarter. Western Wealth Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 3.3% during the third quarter. Western Wealth Management LLC now owns 15,253 shares of the technology company’s stock worth $375,000 after purchasing an additional 489 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of Hewlett Packard Enterprise by 6.4% in the third quarter. Trust Co. of Vermont now owns 8,855 shares of the technology company’s stock valued at $217,000 after buying an additional 533 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.