Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $74.00

Hewlett Packard Enterprise (NYSE:HPE) had its target price raised by research analysts at Raymond James Financial from $29.00 to $74.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Raymond James Financial’s price objective suggests a potential upside of 24.65% from the company’s previous close.

A number of other research firms have also issued reports on HPE. UBS Group boosted their price target on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday. Citigroup lifted their price objective on shares of Hewlett Packard Enterprise from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Truist Financial assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They set a “buy” rating and a $31.00 target price on the stock. Bank of America increased their target price on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.47.

Hewlett Packard Enterprise Trading Up 37.9%

Shares of NYSE:HPE traded up $16.33 during midday trading on Tuesday, reaching $59.37. The company had a trading volume of 106,917,826 shares, compared to its average volume of 19,915,974. The company has a fifty day simple moving average of $29.23 and a two-hundred day simple moving average of $24.80. The firm has a market cap of $78.77 billion, a price-to-earnings ratio of -249.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.28. Hewlett Packard Enterprise has a 1-year low of $17.02 and a 1-year high of $47.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.75 and a current ratio of 1.03.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The firm had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter in the previous year, the company earned ($0.82) EPS. The business’s revenue for the quarter was up 40.0% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Research analysts predict that Hewlett Packard Enterprise will post 1.97 earnings per share for the current year.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 150,000 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $26.50, for a total value of $3,975,000.00. Following the transaction, the chief executive officer owned 1,687,329 shares in the company, valued at approximately $44,714,218.50. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 6,482 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total transaction of $188,626.20. Following the completion of the sale, the director owned 8,018 shares of the company’s stock, valued at $233,323.80. This trade represents a 44.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 702,402 shares of company stock worth $18,440,171 over the last quarter. Insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of large investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter worth about $26,000. SJS Investment Consulting Inc. increased its holdings in shares of Hewlett Packard Enterprise by 159.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after acquiring an additional 716 shares during the last quarter. Union Savings Bank acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $30,000. Reflection Asset Management bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $31,000. Finally, Clearstead Trust LLC lifted its holdings in Hewlett Packard Enterprise by 93.8% in the 3rd quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock worth $32,000 after purchasing an additional 625 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Key Hewlett Packard Enterprise News

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

• Positive Sentiment: HPE reported fiscal Q2 EPS of $0.79 and revenue of $10.68 billion, both well above Wall Street expectations, showing stronger-than-expected demand across the business.
• Positive Sentiment: The company said revenue grew 40% year over year, while networking revenue jumped 148%, highlighting broad-based strength in AI-related and enterprise infrastructure spending.
• Positive Sentiment: HPE raised its fiscal 2026 guidance and pulled forward its long-term financial targets by two years, signaling management sees the AI server and networking boom continuing. Reuters: HPE expects to achieve 2028 financial targets this year after record quarter on AI boom
• Positive Sentiment: HPE also introduced a new NVIDIA Vera CPU-based server for agentic AI workloads, reinforcing its positioning in the fast-growing AI infrastructure market. BusinessWire: HPE Introduces CPU Server with NVIDIA Vera CPU, Purpose-built for Agentic AI
• Neutral Sentiment: HPE announced a quarterly dividend of $0.1425 per share, payable July 15 to shareholders of record on June 16, which may support income-focused investors but is not the main driver of the move.
• Negative Sentiment: After the earnings-driven surge, some of the stock’s AI enthusiasm may already be reflected in the share price, which could create valuation risk if growth or margins cool from here.

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.