Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $79.00 at Barclays

Hewlett Packard Enterprise (NYSE:HPE) had its price objective increased by equities researchers at Barclays from $67.00 to $79.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective would indicate a potential upside of 61.32% from the company’s previous close.

Several other analysts have also commented on HPE. Susquehanna lifted their price objective on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Truist Financial restated a “buy” rating and issued a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Wall Street Zen raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Sunday. Piper Sandler reissued a “neutral” rating and set a $63.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Finally, Raymond James Financial raised their price objective on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.19.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $48.97 on Thursday. Hewlett Packard Enterprise has a one year low of $19.84 and a one year high of $64.25. The stock has a 50-day moving average of $49.63 and a 200 day moving average of $37.46. 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 $64.85 billion, a price-to-earnings ratio of 46.58, a PEG ratio of 0.54 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating 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 business had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter in the prior year, the business earned $0.44 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts forecast that Hewlett Packard Enterprise will post 2.92 EPS for the current year.

Insider Activity

In other news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value 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. 0.44% of the stock is owned by insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several hedge funds and other institutional investors have recently modified their holdings of HPE. California State Teachers Retirement System increased its stake 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 buying an additional 90,382,225 shares during the period. Capital World Investors purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $901,751,000. Geode Capital Management LLC increased its position in shares of Hewlett Packard Enterprise by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock worth $835,626,000 after purchasing an additional 431,728 shares in the last quarter. Elliott Investment Management L.P. raised its stake in Hewlett Packard Enterprise by 47.2% in the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock valued at $652,912,000 after buying an additional 8,790,757 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $1,027,139,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Hewlett Packard Enterprise

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

• Positive Sentiment: Results and guidance beat expectations: HPE reported fiscal Q3 revenue of $12.21 billion, up 33.7% year over year, and adjusted EPS of $1.11 versus the roughly $0.93 consensus. The company raised fiscal 2026 EPS guidance to $3.75-$3.85 and revenue guidance to $46-$47 billion, both above analyst estimates. Q4 guidance also exceeded expectations. HPE Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: AI demand is driving growth: Strong demand for AI infrastructure lifted server and networking sales, helping produce record revenue, orders and profitability. HPE also outlined potential fiscal 2027 revenue growth of 13%-17% and at least $5 billion in free cash flow. HPE raises annual forecasts as AI and networking demand lifts revenue
• Positive Sentiment: Oracle networking collaboration expanded: HPE will deploy Juniper Networking technology across Oracle’s AI data centers, potentially strengthening its position in large-scale AI infrastructure and creating additional networking demand. HPE and Oracle deepen networking collaboration
• Neutral Sentiment: Networking Investor Day scheduled: HPE will hold an investor event on September 30 to discuss the Networking segment’s strategy, portfolio differentiation and growth opportunities. The event could provide further detail on the Juniper integration and AI-related demand. HPE to webcast Networking Investor Day event
• Negative Sentiment: Supply constraints remain a concern: Investors appear worried that limited availability of components and systems could restrict HPE’s ability to fulfill AI-related orders. Shares declined despite the earnings beat and raised outlook. Why is HPE stock falling despite stronger results?
• Negative Sentiment: Margin sustainability is under scrutiny: As AI systems become a larger portion of sales, investors are assessing whether HPE can maintain recent margin gains and convert strong demand into durable, profitable growth.

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.