Zacks Research Upgrades Hewlett Packard Enterprise (NYSE:HPE) to Strong-Buy

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Other analysts have also issued reports about the stock. Sanford C. Bernstein increased their target price on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Truist Financial reissued a “buy” rating and set a $69.00 target price (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Piper Sandler reissued a “neutral” rating and set a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of Hewlett Packard Enterprise from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.65.

Hewlett Packard Enterprise Stock Up 2.7%

HPE stock opened at $46.70 on Wednesday. Hewlett Packard Enterprise has a 12 month low of $17.49 and a 12 month high of $64.25. The firm has a market cap of $61.84 billion, a PE ratio of 43.64, a P/E/G ratio of 0.49 and a beta of 1.42. The firm has a 50 day simple moving average of $33.54 and a 200 day simple moving average of $26.43. 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 (NYSE:HPE) last released its earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The business had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. During the same period in the prior year, the business earned ($0.82) earnings per share. The business’s quarterly revenue was up 40.0% on a year-over-year basis. 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. Equities research analysts forecast that Hewlett Packard Enterprise will post 2.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,482 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the sale, the director owned 8,018 shares in the company, valued at $233,323.80. This represents a 44.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Neil B. Macdonald sold 24,251 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $27.01, for a total transaction of $655,019.51. Following the completion of the sale, the executive vice president owned 32,243 shares of the company’s stock, valued at approximately $870,883.43. The trade was a 42.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 702,402 shares of company stock worth $18,440,171 in the last quarter. Corporate insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Positano Wealth Management Ltd lifted its position in Hewlett Packard Enterprise by 14.4% in the 1st quarter. Positano Wealth Management Ltd now owns 180,389 shares of the technology company’s stock worth $4,295,000 after buying an additional 22,775 shares in the last quarter. NewEdge Advisors LLC lifted its position in Hewlett Packard Enterprise by 21.0% in the 1st quarter. NewEdge Advisors LLC now owns 257,974 shares of the technology company’s stock worth $6,142,000 after buying an additional 44,836 shares in the last quarter. First Nebraska Trust Co purchased a new stake in Hewlett Packard Enterprise in the 1st quarter worth approximately $2,392,000. Segall Bryant & Hamill LLC bought a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at $1,660,000. Finally, Essential Partners LLC raised its holdings in shares of Hewlett Packard Enterprise by 1.6% during the 1st quarter. Essential Partners LLC now owns 28,100 shares of the technology company’s stock valued at $669,000 after purchasing an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

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.