Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $65.00

Hewlett Packard Enterprise (NYSE:HPE) had its price objective upped by analysts at Susquehanna from $21.00 to $65.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Susquehanna’s price objective indicates a potential upside of 9.72% from the company’s previous close.

HPE has been the subject of a number of other reports. Bank of America increased their target price on shares of Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company increased their target price on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 25th. UBS Group increased their target price on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Tuesday. One equities 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.29.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock traded up $16.20 on Tuesday, reaching $59.24. 106,917,826 shares of the company traded hands, compared to its average volume of 19,915,974. Hewlett Packard Enterprise has a 52 week low of $17.02 and a 52 week high of $47.97. The company has a 50 day moving average of $29.23 and a 200 day moving average of $24.80. The firm has a market capitalization of $78.61 billion, a PE ratio of -249.32, a PEG ratio of 1.10 and a beta of 1.28. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The firm had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same period in the prior year, the firm earned ($0.82) EPS. The company’s revenue 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. Equities analysts forecast that Hewlett Packard Enterprise will post 1.97 earnings per share for the current year.

Insider Activity

In related news, EVP Fidelma Russo sold 17,001 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $27.97, for a total value of $475,517.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 150,000 shares of Hewlett Packard Enterprise stock in a transaction on Friday, April 17th. The stock was sold at an average price of $26.50, for a total transaction of $3,975,000.00. Following the completion of the transaction, the chief executive officer owned 1,687,329 shares in the company, valued at approximately $44,714,218.50. The trade was a 8.16% 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 90 days, insiders have sold 702,402 shares of company stock worth $18,440,171. Corporate insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hewlett Packard Enterprise by 24.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company’s stock worth $5,179,000 after purchasing an additional 41,896 shares in the last quarter. Viking Fund Management LLC grew its stake in Hewlett Packard Enterprise by 22.5% during the fourth quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company’s stock valued at $11,770,000 after acquiring an additional 90,000 shares in the last quarter. Freemont Management S.A. grew its stake in Hewlett Packard Enterprise by 197.1% during the fourth quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock valued at $5,217,000 after acquiring an additional 144,100 shares in the last quarter. Vanguard Group Inc. lifted its position in Hewlett Packard Enterprise by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after purchasing an additional 1,917,719 shares during the last quarter. Finally, Merit Financial Group LLC lifted its position in Hewlett Packard Enterprise by 133.8% during the fourth quarter. Merit Financial Group LLC now owns 96,825 shares of the technology company’s stock valued at $2,326,000 after purchasing an additional 55,410 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Key Headlines Impacting Hewlett Packard Enterprise

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.