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

Hewlett Packard Enterprise (NYSE:HPE) had its target price boosted by investment analysts at Argus from $30.00 to $70.00 in a report released on Wednesday, Marketbeat reports. The brokerage currently has a “buy” rating on the technology company’s stock. Argus’ price objective would suggest a potential upside of 30.11% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Piper Sandler restated a “neutral” rating and issued a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday. Morgan Stanley boosted their target price on Hewlett Packard Enterprise from $33.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Susquehanna upped their price target on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday. Raymond James Financial lifted their price objective on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.65.

Hewlett Packard Enterprise Trading Down 4.2%

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

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly 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 return on equity of 11.99% and a net margin of 3.94%.The business had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. During the same period last year, the business posted ($0.82) earnings per share. The company’s quarterly 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. Research analysts expect that Hewlett Packard Enterprise will post 1.97 earnings per share for the current fiscal year.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,482 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total value of $188,626.20. Following the transaction, the director directly owned 8,018 shares in the company, valued at $233,323.80. This represents a 44.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marie Myers sold 93,583 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total value of $2,808,425.83. Following the completion of the sale, the chief financial officer directly owned 204,754 shares of the company’s stock, valued at approximately $6,144,667.54. This trade represents a 31.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 702,402 shares of company stock valued at $18,440,171 over the last three months. 0.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $26,000. SJS Investment Consulting Inc. grew its holdings in shares of Hewlett Packard Enterprise by 159.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after buying an additional 716 shares during the last quarter. Union Savings Bank acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $30,000. Reflection Asset Management purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at approximately $31,000. Finally, Clearstead Trust LLC raised its stake in Hewlett Packard Enterprise by 93.8% during the 3rd quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock valued at $32,000 after acquiring an additional 625 shares during the last quarter. 80.78% of the stock is 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: 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

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.