Hewlett Packard Enterprise (NYSE:HPE) Posts Earnings Results

Hewlett Packard Enterprise (NYSE:HPE) released its earnings results on Wednesday. The technology company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.93 by $0.18, FiscalAI reports. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The company had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Hewlett Packard Enterprise updated its Q4 2026 guidance to 1.200-1.300 EPS.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE traded up $0.98 on Wednesday, reaching $51.85. 54,729,500 shares of the company’s stock were exchanged, compared to its average volume of 20,658,324. The business’s 50-day moving average is $49.57 and its two-hundred day moving average is $37.25. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise has a fifty-two week low of $19.84 and a fifty-two week high of $64.25. The firm has a market capitalization of $68.66 billion, a price-to-earnings ratio of 48.46, a PEG ratio of 0.56 and a beta of 1.43.

Analysts Set New Price Targets

HPE has been the topic of several recent analyst reports. Zacks Research cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Piper Sandler restated a “neutral” rating and issued a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Finally, Argus upped their price objective on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.44.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the business’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 Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. Compound Planning Inc. boosted its position in Hewlett Packard Enterprise by 4.0% during the 4th quarter. Compound Planning Inc. now owns 18,505 shares of the technology company’s stock valued at $444,000 after purchasing an additional 705 shares during the period. Corient Private Wealth LLC increased its position in Hewlett Packard Enterprise by 2.2% in the fourth quarter. Corient Private Wealth LLC now owns 400,997 shares of the technology company’s stock worth $9,257,000 after buying an additional 8,783 shares during the period. Virtue Capital Management LLC increased its position in Hewlett Packard Enterprise by 258.0% in the fourth quarter. Virtue Capital Management LLC now owns 10,528 shares of the technology company’s stock worth $254,000 after buying an additional 7,587 shares during the period. Vident Advisory LLC boosted its holdings in shares of Hewlett Packard Enterprise by 1.3% during the fourth quarter. Vident Advisory LLC now owns 78,470 shares of the technology company’s stock valued at $1,885,000 after acquiring an additional 1,013 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Hewlett Packard Enterprise by 15.6% during the fourth quarter. First Citizens Bank & Trust Co. now owns 12,920 shares of the technology company’s stock valued at $310,000 after acquiring an additional 1,747 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

More Hewlett Packard Enterprise News

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

• Positive Sentiment: HPE reported fiscal third-quarter adjusted EPS of $1.11, exceeding analysts’ $0.93 consensus, while revenue of $12.21 billion topped expectations of $11.97 billion. Management cited record revenue, orders, and profitability. HPE Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: The company raised its outlook, forecasting fourth-quarter EPS of $1.20–$1.30 versus the $1.04 consensus and revenue of $13.9–$14.8 billion versus expectations of $13.0 billion. HPE also lifted its annual forecasts. HPE raises annual forecasts as AI, networking demand lifts quarterly revenue
• Positive Sentiment: Strong AI-related demand for servers and networking equipment drove growth across HPE’s business segments and contributed to a more-than-fivefold increase in quarterly profit. Management raised long-term growth targets, reinforcing the view that AI could be a multiyear growth driver. HPE Boosts Outlook as AI Demand Drives Surge in Third-Quarter Profit
• Positive Sentiment: HPE expanded its collaboration with Oracle to deploy Juniper Networking routing and switching platforms across Oracle’s AI data centers, potentially strengthening its position in large-scale AI infrastructure. HPE and Oracle Deepen Networking Collaboration
• Positive Sentiment: Favorable results from Dell, including a record AI order backlog, improved sentiment across enterprise hardware stocks and provided a positive read-through for HPE ahead of its report. Dell Surges on Record AI Backlog
• Neutral Sentiment: Deutsche Bank initiated coverage with a Buy rating and a $62 price target, adding analyst support, although HPE’s valuation and the sustainability of AI-related demand remain important considerations for investors.

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.