Hewlett Packard Enterprise (NYSE:HPE) Given New $32.00 Price Target at Bank of America

Hewlett Packard Enterprise (NYSE:HPE) had its price target hoisted by investment analysts at Bank of America from $29.00 to $32.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Bank of America‘s price objective would suggest a potential upside of 46.14% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They set a “buy” rating and a $31.00 price objective on the stock. Citigroup lowered their price objective on Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Argus boosted their price objective on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Friday, December 26th. Finally, Zacks Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $25.71.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded up $0.09 during mid-day trading on Tuesday, reaching $21.90. The company had a trading volume of 16,119,563 shares, compared to its average volume of 17,322,762. The company has a market capitalization of $29.10 billion, a price-to-earnings ratio of -367.19, a P/E/G ratio of 0.58 and a beta of 1.31. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $26.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.01. The company’s 50 day simple moving average is $22.11 and its 200 day simple moving average is $23.09.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.31 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. Analysts expect that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Insider Activity

In other news, EVP Maeve C. Culloty sold 35,958 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $24.66, for a total value of $886,724.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Fidelma Russo sold 126,512 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $24.61, for a total transaction of $3,113,460.32. Following the sale, the executive vice president owned 51,002 shares in the company, valued at $1,255,159.22. This represents a 71.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 400,793 shares of company stock valued at $9,921,393 over the last quarter. 0.44% of the stock is owned by insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors have recently modified their holdings of the company. Capital World Investors acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $901,751,000. Elliott Investment Management L.P. acquired a new position in Hewlett Packard Enterprise during the second quarter worth $381,004,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth about $433,537,000. Jericho Capital Asset Management L.P. acquired a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $416,900,000. Finally, Norges Bank bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $185,969,000. Institutional investors own 80.78% of the company’s stock.

Key Stories Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: Q1 profit beat and raised guidance — HPE reported Q1 EPS $0.65 versus $0.59 expected, posted strong year‑over‑year revenue growth, and raised FY2026 EPS guidance to $2.30–$2.50 (above consensus). Management also issued Q2 guidance above Street views, supporting near‑term upside. HPE Reports Fiscal 2026 First-Quarter Results
• Positive Sentiment: Networking and AI server demand are driving revenues — Networking revenue nearly tripled to ~$2.7B driven by data‑center networking, and orders for AI‑optimized servers (with NVIDIA chips) are accelerating, underpinning the revenue/growth beat. HPE Sales Rise on Networking Growth Despite Cloud and AI Decline
• Positive Sentiment: Analysts are upgrading conviction on AI infra exposure — Market commentary this morning highlights stronger analyst outlooks for AI infrastructure beneficiaries, naming HPE among names getting more bullish due to durable AI demand. Strong Demand Outlook Boosts Tech Names
• Neutral Sentiment: Dividend declared — HPE announced a quarterly dividend of $0.1425 per share (annualized yield ~2.6%), with an ex‑dividend date of Mar 24. This supports income investors but is unlikely to change the AI‑growth story materially.
• Positive Sentiment: Product and integration progress — HPE unveiled expanded AI‑native networking and deeper Juniper integration, which helps the company cross‑sell networking and compute into service providers and enterprises over the medium term. HPE Expands AI Networking As Juniper Integration Tests Long Term Growth Story
• Negative Sentiment: Memory shortages and higher component costs — Ongoing DRAM supply tightness is forcing price increases and supply management; while HPE says it can pass through pricing, rising memory costs and constrained supply introduce execution risk and could pressure margins if passthrough is imperfect. HPE sees surging AI orders and pull-forward, while memory shortages force pricing and supply strategies
• Negative Sentiment: Minor revenue miss and mixed segment performance — Q1 revenue was essentially in line but just below some estimates ($9.30B vs ~$9.31B expected), and certain cloud/AI software segments lagged; these nuances cap upside if AI/server demand rebalances. HPE’s stock rises as earnings benefit from two big AI trends

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.