Hewlett Packard Enterprise (NYSE:HPE) Upgraded at Truist Financial

Truist Financial upgraded shares of Hewlett Packard Enterprise (NYSE:HPE) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other research firms also recently commented on HPE. Morgan Stanley raised their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 10th. Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Citigroup increased their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Argus raised their price target on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.76.

Hewlett Packard Enterprise Stock Up 0.8%

Shares of HPE opened at $24.00 on Monday. The firm has a fifty day moving average price of $22.16 and a 200-day moving average price of $23.02. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $31.85 billion, a P/E ratio of -126.34, a P/E/G ratio of 0.61 and a beta of 1.20. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $26.44.

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 the consensus estimate of $0.59 by $0.06. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate 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 firm’s revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. 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. Equities research analysts expect that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th will be given a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is -300.00%.

Insider Activity

In other news, CEO Antonio F. Neri sold 264,432 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $25.18, for a total value of $6,658,397.76. Following the transaction, the chief executive officer directly owned 1,837,329 shares in the company, valued at approximately $46,263,944.22. This trade represents a 12.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Fidelma Russo sold 34,001 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total value of $852,745.08. Following the sale, the executive vice president owned 17,001 shares of the company’s stock, valued at $426,385.08. This trade represents a 66.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 411,085 shares of company stock worth $10,337,582. 0.44% of the stock is currently owned by company insiders.

Institutional Trading of Hewlett Packard Enterprise

Several hedge funds have recently modified their holdings of the company. TFC Financial Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 2,694.4% during the 3rd quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock worth $25,000 after acquiring an additional 970 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Hewlett Packard Enterprise by 176.7% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock valued at $26,000 after acquiring an additional 666 shares in the last quarter. Headlands Technologies LLC purchased a new position in Hewlett Packard Enterprise in the second quarter worth $26,000. Chilton Capital Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter worth $30,000. Finally, Union Savings Bank acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $30,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

More Hewlett Packard Enterprise News

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: Truist initiated coverage with a Buy/Strong-Buy and set a $31 price target (roughly 29% upside from current levels), providing a clear near-term catalyst for buying interest. Truist initiates coverage of Hewlett Packard Enterprise (HPE) with buy recommendation
• Positive Sentiment: Zacks/other outlets upgraded HPE to a Strong-Buy, adding to the analyst momentum that supports higher expectations and retail/institutional flows. Zacks.com
• Positive Sentiment: Institutional buying: Ariel Global Fund disclosed a new position in HPE in Q4, signaling confidence from a value-oriented active manager. Ariel Global Fund Initiated a Position in Hewlett Packard Enterprise Company (HPE) in Q4
• Positive Sentiment: Product/strategy news: HPE rolled out new security and AI infrastructure offerings (AI governance, confidential computing, edge security and a national AI Experience Center) that support higher-margin services and enterprise AI adoption. HPE Security And AI Push Raises Questions On Value And Growth Potential
• Neutral Sentiment: Valuation/attention: Analysts and commentators are reassessing HPE after recent share strength (roughly +11% over the last month), weighing upside vs. stretched near-term multiples. Assessing Hewlett Packard Enterprise (HPE) Valuation After Recent Share Price Strength
• Neutral Sentiment: S&P 500 trading/activity spotlight: HPE’s share activity has drawn attention in S&P 500 discussions, which can increase volume and volatility but isn’t a direct fundamental change. Hewlett Packard Enterprise (NYSE:HPE) Share Activity Draws Attention In S&P 500
• Neutral Sentiment: Consensus view: Brokerages show a moderate buy consensus on HPE, supporting continued analyst coverage but implying mixed upside expectations across the sell-side. Hewlett Packard Enterprise Company (NYSE:HPE) Receives Average Rating of “Moderate Buy” from Brokerages

Hewlett Packard Enterprise Company Profile

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.