Hewlett Packard Enterprise (NYSE:HPE) Issues Earnings Results, Beats Estimates By $0.18 EPS

Hewlett Packard Enterprise (NYSE:HPE) released its quarterly earnings results on Wednesday. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.18, FiscalAI reports. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The company had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Hewlett Packard Enterprise updated its Q4 2026 guidance to 1.200-1.300 EPS.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded up $0.98 during mid-day trading on Wednesday, hitting $51.85. The company’s stock had a trading volume of 54,729,500 shares, compared to its average volume of 20,658,324. The firm has a 50-day moving average price of $49.57 and a 200 day moving average price of $37.25. The stock has a market capitalization of $68.66 billion, a price-to-earnings ratio of 48.46, a PEG ratio of 0.56 and a beta of 1.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. Hewlett Packard Enterprise has a fifty-two week low of $19.84 and a fifty-two week high of $64.25.

Insider Buying and Selling

In related news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Institutional investors and hedge funds have recently modified their holdings of the stock. Prelude Capital Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $203,000. Brown Brothers Harriman & Co. grew its position in Hewlett Packard Enterprise by 35.2% during the third quarter. Brown Brothers Harriman & Co. now owns 7,322 shares of the technology company’s stock valued at $180,000 after purchasing an additional 1,906 shares in the last quarter. Zions Bancorporation National Association UT lifted its position in Hewlett Packard Enterprise by 145.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 7,448 shares of the technology company’s stock worth $179,000 after buying an additional 4,409 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Hewlett Packard Enterprise by 72.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,333 shares of the technology company’s stock valued at $176,000 after buying an additional 3,069 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $151,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America raised their target price on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Monday. Barclays upped their price target on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Citigroup raised their price objective on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $71.00 to $69.00 in a report on Monday, August 10th. Finally, Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and increased their price target for the company from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.44.

Trending Headlines about Hewlett Packard Enterprise

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

• Positive Sentiment: HPE reported fiscal third-quarter adjusted EPS of $1.11, exceeding analysts’ $0.93 consensus, while revenue of $12.21 billion topped expectations of $11.97 billion. Management cited record revenue, orders, and profitability. HPE Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: The company raised its outlook, forecasting fourth-quarter EPS of $1.20–$1.30 versus the $1.04 consensus and revenue of $13.9–$14.8 billion versus expectations of $13.0 billion. HPE also lifted its annual forecasts. HPE raises annual forecasts as AI, networking demand lifts quarterly revenue
• Positive Sentiment: Strong AI-related demand for servers and networking equipment drove growth across HPE’s business segments and contributed to a more-than-fivefold increase in quarterly profit. Management raised long-term growth targets, reinforcing the view that AI could be a multiyear growth driver. HPE Boosts Outlook as AI Demand Drives Surge in Third-Quarter Profit
• Positive Sentiment: HPE expanded its collaboration with Oracle to deploy Juniper Networking routing and switching platforms across Oracle’s AI data centers, potentially strengthening its position in large-scale AI infrastructure. HPE and Oracle Deepen Networking Collaboration
• Positive Sentiment: Favorable results from Dell, including a record AI order backlog, improved sentiment across enterprise hardware stocks and provided a positive read-through for HPE ahead of its report. Dell Surges on Record AI Backlog
• Neutral Sentiment: Deutsche Bank initiated coverage with a Buy rating and a $62 price target, adding analyst support, although HPE’s valuation and the sustainability of AI-related demand remain important considerations for investors.

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.