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

Hewlett Packard Enterprise (NYSE:HPE) had its target price boosted by Truist Financial from $69.00 to $70.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

HPE has been the topic of several other reports. Barclays upped their target price 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. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research note on Tuesday, September 1st. They set a “buy” rating and a $62.00 price objective on the stock. Wall Street Zen upgraded Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 30th. Bank of America raised their price objective on Hewlett Packard Enterprise from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Finally, Morgan Stanley dropped their target price on Hewlett Packard Enterprise from $69.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.44.

Hewlett Packard Enterprise Trading Down 4.6%

Shares of HPE opened at $51.96 on Thursday. The company’s fifty day moving average is $49.95 and its 200 day moving average is $37.78. Hewlett Packard Enterprise has a fifty-two week low of $19.84 and a fifty-two week high of $64.25. The stock has a market capitalization of $68.81 billion, a PE ratio of 27.06, a P/E/G ratio of 0.61 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.75 and a current ratio of 1.11.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The company had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Hewlett Packard Enterprise’s revenue was up 33.7% on a year-over-year basis. 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. Sell-side analysts expect that Hewlett Packard Enterprise will post 3.03 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be paid a dividend of $0.1425 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.1%. Hewlett Packard Enterprise’s payout ratio is currently 29.69%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HPE. Sax Wealth Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 2.9% during the second quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company’s stock valued at $396,000 after buying an additional 244 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Hewlett Packard Enterprise by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company’s stock worth $324,000 after acquiring an additional 355 shares during the last quarter. Investment Research Partners LLC lifted its stake in shares of Hewlett Packard Enterprise by 2.0% during the 4th quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock worth $527,000 after acquiring an additional 423 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Hewlett Packard Enterprise by 4.5% during the 1st quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock valued at $238,000 after acquiring an additional 429 shares during the period. Finally, Compound Planning Inc. boosted its holdings in Hewlett Packard Enterprise by 2.4% during the 1st quarter. Compound Planning Inc. now owns 18,951 shares of the technology company’s stock valued at $451,000 after acquiring an additional 446 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise News Roundup

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

• Positive Sentiment: HPE reported fiscal third-quarter adjusted earnings of $1.11 per share, well above the roughly $0.95 consensus estimate, while revenue rose 33.7% year over year to $12.21 billion. HPE Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management raised fiscal 2026 EPS guidance to $3.75–$3.85, above the $3.34 consensus, and forecast fiscal 2026 revenue of $46 billion–$47 billion. It also projected fiscal 2027 revenue growth of 13%–17%, supported by record orders, backlog and expanding enterprise AI demand. HPE raises FY27 outlook on agentic AI demand
• Positive Sentiment: Networking is emerging as a major growth driver: networking revenue increased 75% year over year, with routing revenue reportedly up 270%. HPE’s expanded Oracle relationship, including warrants tied to a large AI-infrastructure deployment, could help secure longer-term demand. HPE and Oracle deepen networking collaboration
• Neutral Sentiment: Analyst opinion remains mixed. Argus, Citi, Truist, Barclays and Raymond James raised targets or maintained bullish ratings, while Piper Sandler, UBS and Wells Fargo retained cautious views or reduced targets. Raymond James set the highest cited target at $86.
• Neutral Sentiment: HPE will host a Networking Investor Day on September 30, which may provide additional detail on the Juniper integration, networking margins and AI infrastructure growth.
• Negative Sentiment: Investors are concerned that component shortages could limit near-term shipments and pressure margins as AI systems represent a larger portion of sales. Those concerns overshadowed the earnings beat and raised outlook, causing HPE’s shares to decrease while semiconductor peers performed better. Why is HPE stock falling despite stronger results?

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.