Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $32.00

Hewlett Packard Enterprise (NYSE:HPE) had its price objective raised by analysts at Bank of America from $29.00 to $32.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Bank of America‘s price target indicates a potential upside of 46.14% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Friday, December 26th. Zacks Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. The Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, January 13th. They set a “buy” rating and a $31.00 price target on the stock. Morgan Stanley dropped their price objective on shares of Hewlett Packard Enterprise from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Finally, Argus boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.71.

Hewlett Packard Enterprise Trading Up 0.4%

NYSE HPE traded up $0.09 during trading hours on Tuesday, hitting $21.90. The company’s stock had a trading volume of 16,119,563 shares, compared to its average volume of 17,322,762. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $26.44. The stock has a fifty day moving average of $22.11 and a 200 day moving average of $23.09. The firm has a market capitalization of $29.10 billion, a P/E ratio of -367.19, a PEG ratio of 0.58 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 18.4% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Fidelma Russo sold 126,512 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $24.61, for a total value of $3,113,460.32. Following the transaction, the executive vice president owned 51,002 shares in the company, valued at $1,255,159.22. This trade represents a 71.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maeve C. Culloty sold 35,958 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $24.66, for a total value of $886,724.28. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 400,793 shares of company stock valued at $9,921,393. 0.44% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. Investment Research Partners LLC boosted its position 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 valued at $527,000 after acquiring an additional 423 shares during the last quarter. Bleakley Financial Group LLC lifted its position in Hewlett Packard Enterprise by 1.0% during the third quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 439 shares during the last quarter. Spire Wealth Management grew its stake in Hewlett Packard Enterprise by 7.1% in the 3rd quarter. Spire Wealth Management now owns 6,694 shares of the technology company’s stock worth $164,000 after buying an additional 445 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Hewlett Packard Enterprise by 0.6% during the 4th quarter. TD Private Client Wealth LLC now owns 80,769 shares of the technology company’s stock valued at $1,940,000 after buying an additional 448 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 40.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,565 shares of the technology company’s stock valued at $38,000 after buying an additional 451 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: Q1 profit beat and raised guidance — HPE reported Q1 EPS $0.65 versus $0.59 expected, posted strong year‑over‑year revenue growth, and raised FY2026 EPS guidance to $2.30–$2.50 (above consensus). Management also issued Q2 guidance above Street views, supporting near‑term upside. HPE Reports Fiscal 2026 First-Quarter Results
• Positive Sentiment: Networking and AI server demand are driving revenues — Networking revenue nearly tripled to ~$2.7B driven by data‑center networking, and orders for AI‑optimized servers (with NVIDIA chips) are accelerating, underpinning the revenue/growth beat. HPE Sales Rise on Networking Growth Despite Cloud and AI Decline
• Positive Sentiment: Analysts are upgrading conviction on AI infra exposure — Market commentary this morning highlights stronger analyst outlooks for AI infrastructure beneficiaries, naming HPE among names getting more bullish due to durable AI demand. Strong Demand Outlook Boosts Tech Names
• Neutral Sentiment: Dividend declared — HPE announced a quarterly dividend of $0.1425 per share (annualized yield ~2.6%), with an ex‑dividend date of Mar 24. This supports income investors but is unlikely to change the AI‑growth story materially.
• Positive Sentiment: Product and integration progress — HPE unveiled expanded AI‑native networking and deeper Juniper integration, which helps the company cross‑sell networking and compute into service providers and enterprises over the medium term. HPE Expands AI Networking As Juniper Integration Tests Long Term Growth Story
• Negative Sentiment: Memory shortages and higher component costs — Ongoing DRAM supply tightness is forcing price increases and supply management; while HPE says it can pass through pricing, rising memory costs and constrained supply introduce execution risk and could pressure margins if passthrough is imperfect. HPE sees surging AI orders and pull-forward, while memory shortages force pricing and supply strategies
• Negative Sentiment: Minor revenue miss and mixed segment performance — Q1 revenue was essentially in line but just below some estimates ($9.30B vs ~$9.31B expected), and certain cloud/AI software segments lagged; these nuances cap upside if AI/server demand rebalances. HPE’s stock rises as earnings benefit from two big AI trends

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.