Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $82.00

Hewlett Packard Enterprise (NYSE:HPE) had its price target upped by Bank of America from $80.00 to $82.00 in a report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other equities analysts also recently commented on HPE. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Barclays increased their target price on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $71.00 to $69.00 in a research report on Monday, August 10th. Finally, Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.44.

Hewlett Packard Enterprise Trading Up 1.9%

NYSE HPE opened at $51.85 on Monday. Hewlett Packard Enterprise has a one year low of $19.84 and a one year high of $64.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. The company has a market capitalization of $68.66 billion, a price-to-earnings ratio of 48.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43. The company’s 50-day simple moving average is $49.63 and its two-hundred day simple moving average is $37.46.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The company’s 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. Equities analysts forecast that Hewlett Packard Enterprise will post 2.92 EPS for the current fiscal year.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The sale 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. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several large investors have recently made changes to their positions in the company. Parrish Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $201,000. Amundi grew its position in shares of Hewlett Packard Enterprise by 61.0% during the 2nd quarter. Amundi now owns 6,875,028 shares of the technology company’s stock valued at $310,132,000 after acquiring an additional 2,604,937 shares during the period. Advus Financial Partners LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $244,000. Financial Insights Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $237,000. Finally, California State Teachers Retirement System raised its holdings in Hewlett Packard Enterprise by 4,299.0% in the 2nd quarter. California State Teachers Retirement System now owns 92,484,612 shares of the technology company’s stock worth $4,171,981,000 after purchasing an additional 90,382,225 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: Quarterly results exceeded expectations: HPE reported fiscal Q3 EPS of $1.11, above estimates ranging from $0.93 to $0.95, while revenue increased 33.7% year over year to $12.21 billion, topping the $11.97 billion consensus. EPS also more than doubled from $0.44 a year earlier. HPE Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised its outlook above Wall Street forecasts: Fiscal 2026 EPS guidance was set at $3.75-$3.85 versus consensus of $3.34, and revenue guidance was raised to $46-$47 billion versus $45.1 billion expected. Fourth-quarter EPS guidance of $1.20-$1.30 and revenue guidance of $13.9-$14.8 billion also exceeded consensus estimates. HPE raises annual forecasts as AI, networking demand lifts quarterly revenue
• Positive Sentiment: AI and networking demand are driving growth: Strong demand for AI-related servers and networking products lifted revenue across HPE’s businesses and contributed to a more than fivefold increase in quarterly profit. HPE Boosts Outlook as AI Demand Drives Surge in Third-Quarter Profit
• Positive Sentiment: Oracle collaboration expands: HPE will deploy Juniper Networking equipment and related services across Oracle’s AI data centers, supporting potential long-term infrastructure demand. HPE and Oracle Deepen Networking Collaboration
• Neutral Sentiment: HPE initially wavered or moved lower after earnings despite the beat, suggesting investors may be seeking evidence that elevated AI expectations can translate into sustained margins and growth. HPE Shares Slide Despite Strong Q3 and Raised Guidance
• Positive Sentiment: Broader enthusiasm for enterprise hardware, following Dell’s strong AI backlog and outlook, also supported sentiment toward HPE before its own results.

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.