Hewlett Packard Enterprise (NYSE:HPE) Stock Jumps 2.3% – Should You Buy?

Hewlett Packard Enterprise Company (NYSE:HPE) shares were up 2.3% during trading on Wednesday. The stock traded as high as $63.36 and last traded at $62.4310. Approximately 14,933,073 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 21,402,014 shares. The stock had previously closed at $61.03.

Hewlett Packard Enterprise News Summary

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

• Positive Sentiment: HPE’s latest quarterly results provide the main fundamental support for the rally: adjusted EPS exceeded expectations, revenue reached $12.21 billion versus an $11.97 billion consensus estimate, and sales grew 33.7% year over year. Management’s fiscal 2026 outlook also points to continued earnings growth. Hewlett Packard Enterprise stock reports 34% revenue growth
• Positive Sentiment: Investor interest remains strong as HPE reaches a new 52-week high. Commentary highlights the company’s improving fundamentals, value characteristics and exposure to AI servers, networking and data-center infrastructure. HPE reaches a 52-week high
• Positive Sentiment: HPE is expanding its technology narrative beyond conventional servers, including efforts to bring quantum computing capabilities to on-premises high-performance computing environments and AI-enabled Aruba networking deployments. HPE brings quantum computing into on-premises HPC
• Neutral Sentiment: At approximately $64 per share, HPE is close to its 52-week peak after a substantial advance. Analysts are weighing whether further gains are justified by fundamentals or whether investors should lock in profits, making valuation and execution key near-term catalysts. HPE valuation and 52-week high analysis
• Negative Sentiment: Competitive comparisons are less favorable against Dell Technologies, whose record AI orders, approximately $95 billion backlog and stronger server-revenue outlook offer greater demand visibility. This could limit HPE’s upside if AI infrastructure spending concentrates with competitors. HPE versus Dell AI infrastructure comparison
• Negative Sentiment: Super Micro’s shipment of NVIDIA Vera Rubin liquid-cooled racks and its reported backlog highlight intensifying competition in AI infrastructure, potentially pressuring HPE’s market share and pricing power. Super Micro’s Vera Rubin shipments

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HPE shares. Sanford C. Bernstein raised their price target on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group boosted their price objective on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Evercore lowered Hewlett Packard Enterprise from an “outperform” rating to an “in-line” rating and set a $65.00 target price on the stock. in a report on Monday, September 14th. Raymond James Financial lifted their price target on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Finally, Morgan Stanley reduced their price objective on Hewlett Packard Enterprise from $69.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.18.

Hewlett Packard Enterprise Stock Down 0.4%

The firm has a 50 day moving average of $53.73 and a 200-day moving average of $41.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72. The stock has a market capitalization of $83.97 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $11.97 billion. During the same quarter last year, the company earned $0.44 EPS. The company’s quarterly revenue was up 33.7% on a year-over-year basis. 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. On average, equities research analysts expect that Hewlett Packard Enterprise Company will post 3.34 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

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

Insider Buying and Selling

In related news, CEO Antonio Neri sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the completion of the transaction, the chief executive officer owned 1,432,393 shares in the company, valued at $86,573,832.92. This trade represents a 14.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $56.91, for a total value of $967,470.00. Following the completion of the sale, the director directly owned 65,072 shares in the company, valued at approximately $3,703,247.52. This represents a 20.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently made changes to their positions in HPE. Baird Financial Group Inc. boosted its holdings in Hewlett Packard Enterprise by 1.4% in the second quarter. Baird Financial Group Inc. now owns 15,727 shares of the technology company’s stock worth $709,000 after acquiring an additional 212 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 2.9% during the second quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company’s stock valued at $396,000 after acquiring an additional 244 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Hewlett Packard Enterprise by 5.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company’s stock worth $324,000 after purchasing an additional 355 shares during the last quarter. Investment Research Partners LLC boosted its stake in Hewlett Packard Enterprise by 2.0% in the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock worth $527,000 after purchasing an additional 423 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Hewlett Packard Enterprise by 4.5% in the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock worth $238,000 after purchasing an additional 429 shares in the last quarter. Institutional investors and hedge funds 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 and other organizations. Its offerings are designed to support data centers, cloud computing, artificial intelligence, networking and the management of distributed IT environments.

HPE’s portfolio includes enterprise servers, data storage systems, networking equipment, high-performance computing and software. Through its HPE GreenLake platform, the company also delivers cloud and as-a-service solutions that allow customers to access computing, storage, data protection and other IT capabilities through a flexible consumption model.