Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $70.00 at Truist Financial

Hewlett Packard Enterprise (NYSE:HPE) had its price objective upped by equities research analysts at Truist Financial from $69.00 to $70.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Truist Financial’s target price indicates a potential upside of 44.82% from the company’s previous close.

A number of other equities research analysts also recently issued reports on HPE. Weiss Ratings raised Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Raymond James Financial lifted their price target on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Sanford C. Bernstein increased their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday. They set a “buy” rating and a $62.00 target price on the stock. Finally, Morgan Stanley decreased their price target on shares of Hewlett Packard Enterprise from $69.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.31.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded down $3.50 on Thursday, hitting $48.34. The company’s stock had a trading volume of 20,874,695 shares, compared to its average volume of 20,779,699. The stock has a 50 day moving average of $49.63 and a 200-day moving average of $37.46. The company has a market capitalization of $64.01 billion, a price-to-earnings ratio of 45.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43. Hewlett Packard Enterprise has a 12-month low of $19.84 and a 12-month high of $64.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75.

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

Insider Activity

In related news, SVP Kirt P. Karros sold 18,785 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Parrish Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth approximately $201,000. Amundi boosted its stake in 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 last quarter. Advus Financial Partners LLC acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth $244,000. Financial Insights Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $237,000. Finally, California State Teachers Retirement System increased its position in shares of 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 last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise News Summary

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

• Positive Sentiment: Strong quarterly results and higher guidance: HPE reported fiscal Q3 adjusted EPS of $1.11, exceeding the approximately $0.93–$0.95 consensus, while revenue rose 33.7% year over year to $12.21 billion, above expectations. Management raised fiscal 2026 EPS guidance to $3.75–$3.85 and projected revenue of $46–$47 billion, both above analyst estimates. HPE Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: AI and networking demand remains robust: Record orders and backlog, broad-based enterprise AI demand and surging networking orders support HPE’s longer-term growth outlook. The company also forecast fiscal 2027 revenue growth of 13%–17% and at least $5 billion in free cash flow. HPE Q3 Earnings Call Highlights AI Demand, Networking Shift
• Positive Sentiment: Strategic networking expansion: HPE expanded its collaboration with Oracle to deploy Juniper Networking technology across Oracle’s AI data centers, potentially strengthening its position in gigawatt-scale AI infrastructure. HPE and Oracle Deepen Networking Collaboration
• Neutral Sentiment: Analyst views remain mixed: Barclays raised its target to $79 and Morgan Stanley maintained an overweight rating while trimming its target to $67. Wells Fargo lowered its target sharply to $54 and assigned an equal-weight rating, indicating more limited near-term upside.
• Neutral Sentiment: HPE declared a quarterly dividend of $0.1425 per share, with a 1.1% annualized yield. The company will also host a Networking Investor Day on September 30, which could provide additional detail on its growth strategy.
• Negative Sentiment: Supply constraints overshadow the beat: Networking orders are reportedly exceeding available supply, raising concerns that component shortages could delay revenue recognition and limit HPE’s ability to capitalize fully on AI demand.
• Negative Sentiment: Margin sustainability is under scrutiny: Investors are questioning whether recent profit improvement can persist as AI systems represent a larger portion of the product mix, potentially creating pricing pressure and lower margins. High expectations following the stock’s substantial prior rally may also be contributing to profit-taking.

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.