Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $63.00

Hewlett Packard Enterprise (NYSE:HPE) had its price objective upped by Wells Fargo & Company from $54.00 to $63.00 in a research note published on Thursday,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Other research analysts have also issued research reports about the company. Raymond James Financial lifted their target price on Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Zacks Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. Barclays raised their price objective on shares of Hewlett Packard Enterprise from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Truist Financial boosted their price objective on shares of Hewlett Packard Enterprise from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Finally, The Goldman Sachs Group upped their target price on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.06.

Hewlett Packard Enterprise Trading Up 7.5%

NYSE:HPE opened at $69.39 on Thursday. Hewlett Packard Enterprise has a 1 year low of $19.84 and a 1 year high of $70.29. The stock’s fifty day moving average price is $55.81 and its two-hundred day moving average price is $43.24. 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 company has a market cap of $92.12 billion, a P/E ratio of 36.14, a P/E/G ratio of 0.62 and a beta of 1.39.

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, beating the consensus estimate 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 analysts’ expectations of $11.97 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s quarterly 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. As a group, analysts expect that Hewlett Packard Enterprise will post 3.34 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be given a $0.1425 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.57 annualized dividend and a yield of 0.8%. Hewlett Packard Enterprise’s payout ratio is 29.69%.

Insider Activity at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. This represents a 14.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rami Rahim sold 34,456 shares of the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $61.42, for a total value of $2,116,287.52. Following the transaction, the executive vice president owned 875,133 shares in the company, valued at $53,750,668.86. This trade represents a 3.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 301,456 shares of company stock valued at $18,193,758 over the last 90 days. 0.44% of the stock is owned by insiders.

Institutional Trading of Hewlett Packard Enterprise

A number of hedge funds have recently bought and sold shares of the company. Capital World Investors purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $901,751,000. Elliott Investment Management L.P. boosted its stake in shares of Hewlett Packard Enterprise by 47.2% in the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after purchasing an additional 8,790,757 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $1,027,139,000. Primecap Management Co. CA purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth $773,225,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Hewlett Packard Enterprise by 6.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company’s stock worth $590,435,000 after purchasing an additional 756,972 shares during the period. 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 secured a $1.2 billion order from cloud provider Vultr for systems based on AMD’s Helios AI rack platform. The deal is HPE’s first announced Helios order and reinforces its role in supplying high-performance infrastructure for AI data centers. HPE AMD deal coverage
• Positive Sentiment: At its investor event, HPE raised its long-term networking revenue outlook, citing robust AI-related demand across data-center networking, routing, campus and branch infrastructure, and security. Management said demand continues to exceed supply, supporting expectations for sustained growth. HPE raises networking outlook and lands Vultr order
• Positive Sentiment: Several analysts raised their price targets following the investor day and AI order. Citi increased its target to $92 with a Buy rating, while Barclays, Truist and Morgan Stanley also lifted targets and maintained constructive views. The analyst activity has strengthened the bullish case around HPE’s AI and networking growth. Analyst target changes for HPE
• Neutral Sentiment: Analyst opinion remains mixed after HPE’s powerful rally. Piper Sandler reiterated a Hold rating, while UBS and Wells Fargo retained cautious ratings despite raising their targets. Analysts acknowledge HPE’s AI opportunity but warn that much of the expected growth may already be reflected in the stock’s valuation. Piper Sandler maintains Hold rating
• Neutral Sentiment: Executive Vice President Rami Rahim sold 34,456 shares for approximately $2.1 million under a pre-arranged Rule 10b5-1 trading plan. The sale modestly reduced his holdings but is less concerning because he still owns roughly 875,000 shares. SEC insider trading filing

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and secure data center, cloud and edge-computing environments.

HPE’s portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.