Hewlett Packard Enterprise (NYSE:HPE) Stock Jumps 4.1% – Here’s What Happened

Hewlett Packard Enterprise Company (NYSE:HPE)’s share price traded up 4.1% during trading on Wednesday. The stock traded as high as $67.10 and last traded at $64.0220. Approximately 32,457,240 shares changed hands during trading, an increase of 52% from the average daily volume of 21,347,873 shares. The stock had previously closed at $61.49.

Key Hewlett Packard Enterprise News

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

• Positive Sentiment: HPE secured a $1.2 billion order from Vultr for AMD Helios AI Rack systems, marking HPE’s first order for AMD’s new rack-scale platform. The systems are expected to be deployed across Vultr’s U.S. data centers, strengthening HPE’s position in AI infrastructure. HPE boosts networking growth outlook and gets AI order
• Positive Sentiment: Management raised its long-term networking revenue outlook, citing AI-driven demand across data-center networking, routing, campus, branch and security products. HPE’s CFO also said AI demand continues to exceed supply, supporting the company’s growth narrative.
• Positive Sentiment: Analyst sentiment improved following the investor event. Daiwa upgraded HPE from neutral to outperform with a $75 target; Citi raised its target to $92 and kept a buy rating; Barclays lifted its target to $83; Morgan Stanley raised its target to $72 and maintained overweight; and Truist increased its target to $75. These revisions indicate potential additional upside if AI and networking growth materialize.
• Neutral Sentiment: Analysts remain divided after HPE’s sharp rally. UBS maintained a neutral rating with a $66 target, while Wells Fargo raised its target to $63 but kept an equal-weight rating. Some commentary views HPE as comparatively inexpensive versus other AI infrastructure companies, while others believe much of the expected growth is already reflected in the stock price. HPE Networking Outlook Gets Boost
• Neutral Sentiment: EVP Rami Rahim sold 34,456 shares for approximately $2.1 million under a pre-arranged Rule 10b5-1 plan. Although the sale reduced his holdings by 3.79%, he still owns roughly 875,000 shares, limiting its significance as a bearish signal. SEC insider trading filing

Analysts Set New Price Targets

Several research firms have issued reports on HPE. UBS Group upped their target price on shares of Hewlett Packard Enterprise from $59.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday. Bank of America boosted their price objective on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 31st. Wells Fargo & Company increased their price objective on shares of Hewlett Packard Enterprise from $54.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday. Citigroup lifted their target price on shares of Hewlett Packard Enterprise from $76.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Piper Sandler reiterated a “neutral” rating and set a $57.00 target price (down from $63.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.06.

Hewlett Packard Enterprise Price Performance

The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $85.75 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 0.57 and a beta of 1.39. The firm has a 50 day moving average price of $55.38 and a 200 day moving average price of $43.05.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The company had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. During the same period in the previous year, the business earned $0.44 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 33.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. Research analysts anticipate that Hewlett Packard Enterprise Company will post 3.33 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be paid a dividend of $0.1425 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.9%. Hewlett Packard Enterprise’s payout ratio is 29.69%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, CEO Antonio Neri sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the sale, the chief executive officer owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. This trade represents a 14.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rami Rahim sold 34,456 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $61.42, for a total transaction of $2,116,287.52. Following the transaction, the executive vice president directly owned 875,133 shares in the company, valued at $53,750,668.86. This represents a 3.79% 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. In the last ninety days, insiders sold 301,456 shares of company stock valued at $18,193,758. 0.44% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors have recently bought and sold shares of the business. Delos Wealth Advisors LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $27,000. First Bancorp Inc ME bought a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $30,000. Transamerica Financial Advisors LLC purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth approximately $37,000. SJS Investment Consulting Inc. boosted its stake in Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after purchasing an additional 716 shares during the period. Finally, Ancora Advisors LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth approximately $56,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and secure data center, cloud and edge-computing environments.

HPE’s portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.