The Goldman Sachs Group Increases Hewlett Packard Enterprise (NYSE:HPE) Price Target to $79.00

Hewlett Packard Enterprise (NYSE:HPE) had its target price boosted by The Goldman Sachs Group from $32.00 to $79.00 in a research note issued on Wednesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 46.84% from the company’s previous close.

Several other equities analysts have also recently weighed in on HPE. Argus raised their price objective on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday. 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. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average price target of $64.65.

Hewlett Packard Enterprise Stock Down 4.2%

Shares of NYSE HPE traded down $2.35 during midday trading on Wednesday, reaching $53.80. The company’s stock had a trading volume of 10,516,533 shares, compared to its average volume of 20,262,656. The stock has a 50 day simple moving average of $29.23 and a 200-day simple moving average of $24.80. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $71.38 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 1.20 and a beta of 1.42. Hewlett Packard Enterprise has a fifty-two week low of $17.49 and a fifty-two week high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.99%. The business had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter in the prior year, the company posted ($0.82) earnings per share. The firm’s revenue was up 40.0% on a year-over-year basis. 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 research analysts predict that Hewlett Packard Enterprise will post 1.97 earnings per share for the current year.

Insider Activity

In other Hewlett Packard Enterprise news, CFO Marie Myers sold 93,583 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the transaction, the chief financial officer owned 204,754 shares of the company’s stock, valued at $6,144,667.54. The trade was a 31.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Fidelma Russo sold 34,001 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total value of $852,745.08. Following the transaction, the executive vice president directly owned 17,001 shares in the company, valued at $426,385.08. The trade was a 66.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 702,402 shares of company stock valued at $18,440,171. 0.44% of the stock is owned by insiders.

Institutional Trading of Hewlett Packard Enterprise

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

Hewlett Packard Enterprise News Summary

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

• Positive Sentiment: HPE reported fiscal Q2 EPS of $0.79 versus $0.54 expected and revenue of $10.68 billion versus $9.78 billion expected, underscoring stronger-than-anticipated demand. HPE Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management raised FY26 guidance and Q3 outlook well above Wall Street estimates, signaling that momentum is likely to continue in the near term. HPE Tops Q2 Estimates as Revenues Jump 40% on Networking Strength
• Positive Sentiment: The company said AI-related demand is broadening, with record backlog and early benefits from Juniper integration, which investors view as a sign HPE is gaining share in AI networking and infrastructure. HPE Q2 Earnings Call Highlights Faster AI, Networking Push
• Positive Sentiment: Multiple analysts turned more bullish after the report, lifting price targets sharply, reinforcing the view that the stock may still have upside after its strong run. Benzinga analyst updates
• Neutral Sentiment: HPE also declared a quarterly dividend, which may support investor sentiment but is not the main driver of the stock’s move. HPE stock and dividend information

About Hewlett Packard Enterprise

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.