Hewlett Packard Enterprise’s (HPE) “Outperform” Rating Reaffirmed at Raymond James Financial

Raymond James Financial reissued their outperform rating on shares of Hewlett Packard Enterprise (NYSE:HPE) in a research report released on Monday morning, MarketBeat.com reports. Raymond James Financial currently has a $29.00 price target on the technology company’s stock, down from their previous price target of $30.00.

HPE has been the topic of a number of other research reports. Truist Financial initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They set a “buy” rating and a $31.00 price objective on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. Morgan Stanley upped their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 10th. Bank of America upped their target price on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Finally, Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.71.

Hewlett Packard Enterprise Trading Down 0.4%

HPE opened at $24.78 on Monday. The firm has a market capitalization of $32.88 billion, a P/E ratio of -130.43, a P/E/G ratio of 0.63 and a beta of 1.20. The firm’s 50 day moving average is $22.67 and its 200-day moving average is $23.01. Hewlett Packard Enterprise has a 52-week low of $14.20 and a 52-week high of $26.44. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the firm 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 expect that Hewlett Packard Enterprise will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th will be paid a dividend of $0.1425 per share. The ex-dividend date is Tuesday, March 24th. This represents a $0.57 annualized dividend and a yield of 2.3%. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 264,432 shares of the business’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the completion of the sale, the chief executive officer owned 1,837,329 shares in the company, valued at $46,263,944.22. The trade was a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Neil B. Macdonald sold 112,652 shares of the business’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the sale, the executive vice president owned 56,494 shares of the company’s stock, valued at approximately $1,417,434.46. The trade was a 66.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 411,085 shares of company stock worth $10,337,582 over the last 90 days. Insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Hewlett Packard Enterprise by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock worth $4,156,870,000 after buying an additional 1,917,719 shares during the last quarter. Capital World Investors bought a new position in Hewlett Packard Enterprise during the 4th quarter worth $901,751,000. Geode Capital Management LLC grew its stake in Hewlett Packard Enterprise by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock worth $835,626,000 after buying an additional 431,728 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter worth $433,537,000. Finally, Jericho Capital Asset Management L.P. bought a new position in Hewlett Packard Enterprise during the 3rd quarter worth $416,900,000. 80.78% of the stock is currently owned by institutional investors.

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.