Hewlett Packard Enterprise (HPE) Stock Price, News & Analysis

Company Overview

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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE Synergy; HPE Alletra, HPE GreenLake, Zerto, HPE InfoSight, and HPE CloudPhysics storage products; HPE Cray EX, HPE Cray XD, and converged edge systems; and HPE Superdome Flex, HPE Nonstop, and HPE Integrity products. It also provides HPE Aruba products that includes hardware products, such as Wi-Fi access points, switches, and gateways; HPE Aruba Networking software and services comprising cloud-based management, network management and access control, analytics and assurance, software-defined wide-area networking, network security, analytics and assurance, and location services software; and professional and support services, as well as as-a-service and consumption models. In addition, the company offers leasing, financing, IT consumption, and utility programs and asset management services for customers to facilitate technology deployment models and the acquisition of various IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others; consultative-led services; HPE Ezmeral Container Platform; HPE Ezmeral Software Container Platform and HPE Ezmeral Software Data Fabric; OpsRamp; and Hewlett Packard Labs. It serves commercial and large enterprise groups, such as business and public sector enterprises; and through various partners comprising resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. The company was founded in 1939 and is headquartered in Spring, Texas.

Key Stats

• Today's Range: $21.30 to $21.93
• 50-Day Range: $16.87 to $22.05
• 52-Week Range: $14.47 to $22.82
• Volume: 4.37 million shs
• Average Volume: 15.17 million shs
• Market Capitalization: $28.38 billion
• P/E Ratio: 15.61
• Dividend Yield: 2.38%
• Price Target: $22.21
• Consensus Rating: Hold

Hewlett Packard Enterprise Stock Analysis - MarketRank™

Hewlett Packard Enterprise scored higher than 96% of companies evaluated by MarketBeat, and ranked 54th out of 650 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Hewlett Packard Enterprise has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 4 buy ratings, 9 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Hewlett Packard Enterprise has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 10.24%

Earnings Growth

Earnings for Hewlett Packard Enterprise are expected to grow by 10.24% in the coming year, from $1.66 to $1.83 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hewlett Packard Enterprise is 15.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hewlett Packard Enterprise is 15.39, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 229.36.

Price to Earnings Growth Ratio

Hewlett Packard Enterprise has a PEG Ratio of 3.36. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Hewlett Packard Enterprise has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.56% of the float of Hewlett Packard Enterprise has been sold short.

Short Interest Ratio / Days to Cover

Hewlett Packard Enterprise has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hewlett Packard Enterprise has recently decreased by 10.67%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Hewlett Packard Enterprise pays a meaningful dividend of 2.42%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Hewlett Packard Enterprise does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Hewlett Packard Enterprise is 37.14%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Hewlett Packard Enterprise will have a dividend payout ratio of 28.42% next year. This indicates that Hewlett Packard Enterprise will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -1.11

Percentage of Shares Shorted

2.56% of the float of Hewlett Packard Enterprise has been sold short.

Short Interest Ratio / Days to Cover

Hewlett Packard Enterprise has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hewlett Packard Enterprise has recently decreased by 10.67%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.82

News Sentiment

Hewlett Packard Enterprise has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 42 news articles for Hewlett Packard Enterprise this week, compared to 14 articles on an average week.

Search Interest

45 people have searched for HPE on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.

MarketBeat Follows

Only 11 people have added Hewlett Packard Enterprise to their MarketBeat watchlist in the last 30 days. This is a decrease of -15% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Hewlett Packard Enterprise insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,599,617.00 in company stock.

Percentage Held by Insiders

Only 0.40% of the stock of Hewlett Packard Enterprise is held by insiders.

Percentage Held by Institutions

80.78% of the stock of Hewlett Packard Enterprise is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HPE Stock Analysis - Frequently Asked Questions

How have HPE shares performed this year?

Hewlett Packard Enterprise's stock was trading at $16.98 at the beginning of the year. Since then, HPE stock has increased by 26.9% and is now trading at $21.55.
View the best growth stocks for 2024 here.

How were Hewlett Packard Enterprise's earnings last quarter?

Hewlett Packard Enterprise (NYSE:HPE) announced its earnings results on Wednesday, September, 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The business's revenue for the quarter was up 10.1% on a year-over-year basis.
Read the conference call transcript.

Does Hewlett Packard Enterprise have any subsidiaries?

Hewlett Packard Enterprise subsidiaries include Silver Peak, Scytale, MapR Technologies, Cray, BlueData Software, Apogee, Plexxi, and others.

Who are Hewlett Packard Enterprise's major shareholders?

Hewlett Packard Enterprise's top institutional investors include Geode Capital Management LLC (2.42%), Primecap Management Co. CA (2.41%), Pacer Advisors Inc. (2.11%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (1.21%). Insiders that own company stock include Antonio F Neri, Alan Richard May, Tarek Robbiati, Gary M Reiner, Neil B Macdonald, Gerri Gold, Justin Hotard, Jean M Hobby, Phil Mottram, Jeremy Cox, Thomas E Black Jr, Kirt P Karros, Fidelma Russo, Irv Rothman and Thomas E Black, Jr.
View institutional ownership trends.

How do I buy shares of Hewlett Packard Enterprise?

Shares of HPE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Hewlett Packard Enterprise own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hewlett Packard Enterprise investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Visa (V) and Home Depot (HD).

Company Calendar

• Last Earnings: 9/04/2024
• Ex-Dividend for 10/18 Dividend: 9/19/2024
• Dividend Payable: 10/18/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 11/26/2024
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Computer & office equipment
• Sub-Industry: Computer Hardware
• Current Symbol: NYSE:HPE
• CUSIP: N/A
• CIK: 1645590
• Web: www.hpe.com
• Phone: (650) 687-5817
• Fax: N/A
• Employees: 62,000
• Year Founded: 1939

Price Target and Rating

• Average Stock Price Target: $22.21
• High Stock Price Target: $29.00
• Low Stock Price Target: $18.00
• Potential Upside/Downside: +4.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.40
• Trailing P/E Ratio: 15.13
• Forward P/E Ratio: 12.76
• P/E Growth: 3.36
• Net Income: $2.03 billion
• Net Margins: 6.39%
• Pretax Margin: 7.18%
• Return on Equity: 8.94%
• Return on Assets: 3.27%

Debt

• Debt-to-Equity Ratio: 0.36
• Current Ratio: 0.94
• Quick Ratio: 0.62

Sales & Book Value

• Annual Sales: $29.14 billion
• Price / Sales: 0.94
• Cash Flow: $3.56 per share
• Price / Cash Flow: 5.95
• Book Value: $16.56 per share
• Price / Book: 1.28

Miscellaneous

• Outstanding Shares: 1,298,670,000
• Free Float: 1,293,474,000
• Market Cap: $27.51 billion
• Optionable: Optionable
• Beta: 1.19