Hewlett Packard Enterprise (NYSE:HPE) Upgraded at Zacks Research

Zacks Research upgraded shares of Hewlett Packard Enterprise (NYSE:HPE) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Piper Sandler began coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 target price for the company. Wells Fargo & Company upped their price objective on shares of 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. Morgan Stanley restated an “equal weight” rating and set a $25.00 target price (down from $28.00) on shares of Hewlett Packard Enterprise in a research note on Monday, November 17th. Citigroup boosted their price target on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Susquehanna raised their price objective on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.53.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $25.29 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.01 and a quick ratio of 0.76. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $26.44. The company has a market capitalization of $33.36 billion, a price-to-earnings ratio of -421.36, a PEG ratio of 0.68 and a beta of 1.34. The business has a 50-day moving average of $23.29 and a 200-day moving average of $21.80.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, December 4th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.91 billion. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The company’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.250-2.450 EPS and its Q1 2026 guidance at 0.570-0.610 EPS. On average, equities analysts anticipate that Hewlett Packard Enterprise will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.1425 per share. The ex-dividend date is Friday, December 19th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. This represents a $0.57 annualized dividend and a yield of 2.3%. Hewlett Packard Enterprise’s payout ratio is currently -866.67%.

Insider Buying and Selling

In other news, Director Jean M. Hobby sold 29,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $23.79, for a total value of $689,910.00. Following the completion of the sale, the director directly owned 32,279 shares in the company, valued at approximately $767,917.41. The trade was a 47.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 324,080 shares of company stock worth $7,898,908. 0.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors have recently modified their holdings of the business. TFC Financial Management Inc. boosted its stake in Hewlett Packard Enterprise by 2,694.4% in the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock valued at $25,000 after acquiring an additional 970 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 176.7% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after purchasing an additional 666 shares during the last quarter. Headlands Technologies LLC acquired a new position in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $26,000. Zions Bancorporation National Association UT acquired a new stake in Hewlett Packard Enterprise in the first quarter worth $27,000. Finally, CVA Family Office LLC lifted its stake in Hewlett Packard Enterprise by 126.7% in the second quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock valued at $29,000 after buying an additional 803 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

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.