Bank of America Issues Positive Forecast for Hewlett Packard Enterprise (NYSE:HPE) Stock Price

Hewlett Packard Enterprise (NYSE:HPE) had its price target increased by equities research analysts at Bank of America from $38.00 to $80.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Bank of America‘s price objective would suggest a potential upside of 68.88% from the company’s current price.

A number of other research firms have also recently weighed in on HPE. Citigroup increased their price target on Hewlett Packard Enterprise from $27.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Loop Capital upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 25th. Raymond James Financial restated an “outperform” rating and set a $29.00 target price (down from $30.00) on shares of Hewlett Packard Enterprise in a research note on Monday, April 13th. Finally, Truist Financial started coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They issued a “buy” rating and a $31.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.06.

Hewlett Packard Enterprise Trading Up 10.1%

Shares of NYSE:HPE opened at $47.37 on Tuesday. Hewlett Packard Enterprise has a 52-week low of $17.02 and a 52-week 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. The company has a market capitalization of $62.85 billion, a P/E ratio of -249.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.28. The company has a 50-day simple moving average of $29.23 and a 200 day simple moving average of $24.80.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $9.78 billion. During the same quarter in the prior year, the company earned ($0.82) earnings per share. 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. Sell-side analysts forecast that Hewlett Packard Enterprise will post 1.97 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 150,000 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 1,687,329 shares in the company, valued at approximately $44,714,218.50. The trade was a 8.16% decrease in their ownership of the stock. The sale 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 the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total value of $188,626.20. Following the sale, the director directly owned 8,018 shares in the company, valued at $233,323.80. This represents a 44.70% 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 sold 702,402 shares of company stock valued at $18,440,171 in the last quarter. Corporate insiders own 0.44% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

Large investors have recently modified their holdings of the stock. First Nebraska Trust Co bought a new position in Hewlett Packard Enterprise in the 1st quarter valued at about $2,392,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $1,660,000. Essential Partners LLC increased its stake in Hewlett Packard Enterprise by 1.6% in the first quarter. Essential Partners LLC now owns 28,100 shares of the technology company’s stock valued at $669,000 after acquiring an additional 447 shares during the last quarter. Ariadne Wealth Management LP bought a new position in Hewlett Packard Enterprise in the first quarter valued at approximately $211,000. Finally, Edgestream Partners L.P. raised its position in Hewlett Packard Enterprise by 586.9% during the first quarter. Edgestream Partners L.P. now owns 58,044 shares of the technology company’s stock valued at $1,382,000 after purchasing an additional 49,594 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

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.

Hewlett Packard Enterprise Company Profile

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.