Hewlett Packard Enterprise (NYSE:HPE) Rating Increased to Buy at Wall Street Zen

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

HPE has been the topic of a number of other reports. Bank of America upped their target price on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. Argus boosted their price target on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Friday, December 26th. The Goldman Sachs Group began coverage on Hewlett Packard Enterprise in a report on Tuesday, January 13th. They set a “buy” rating and a $31.00 price objective on the stock. Finally, Citigroup lifted their target price on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Hewlett Packard Enterprise Stock Up 0.1%

NYSE:HPE opened at $21.60 on Friday. The company has a market cap of $28.70 billion, a price-to-earnings ratio of -113.66, a price-to-earnings-growth ratio of 0.56 and a beta of 1.31. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $26.44. The company has a current ratio of 1.03, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $21.91 and a 200-day simple moving average of $23.05.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. Analysts anticipate that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 26,457 shares of the business’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $24.49, for a total value of $647,931.93. Following the completion of the transaction, the chief executive officer directly owned 2,101,761 shares of the company’s stock, valued at approximately $51,472,126.89. The trade was a 1.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Kirt P. Karros sold 36,460 shares of the company’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $24.61, for a total value of $897,280.60. Following the sale, the senior vice president owned 18,785 shares of the company’s stock, valued at $462,298.85. This trade represents a 66.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors grew its position in shares of Hewlett Packard Enterprise by 61.6% in the 4th quarter. World Investment Advisors now owns 55,040 shares of the technology company’s stock worth $1,322,000 after buying an additional 20,971 shares during the last quarter. Corient Private Wealth LLC lifted its position in Hewlett Packard Enterprise by 8.2% during the fourth quarter. Corient Private Wealth LLC now owns 424,363 shares of the technology company’s stock valued at $10,197,000 after acquiring an additional 32,149 shares during the last quarter. Union Savings Bank purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at approximately $30,000. Hsbc Holdings PLC boosted its stake in Hewlett Packard Enterprise by 5.6% in the fourth quarter. Hsbc Holdings PLC now owns 7,826,838 shares of the technology company’s stock valued at $187,983,000 after acquiring an additional 416,972 shares in the last quarter. Finally, SHP Wealth Management purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth $85,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.