Hewlett Packard Enterprise (NYSE:HPE) Given Buy Rating at Argus

Hewlett Packard Enterprise (NYSE:HPE)‘s stock had its “buy” rating reissued by investment analysts at Argus in a report released on Friday, Benzinga reports. They currently have a $70.00 price target on the technology company’s stock. Argus’ price target indicates a potential upside of 29.03% from the stock’s previous close.

Several other brokerages also recently weighed in on HPE. JPMorgan Chase & Co. upped their target price on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Bank of America lifted their price objective on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 30th. Wells Fargo & Company lowered their target price on Hewlett Packard Enterprise from $67.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Morgan Stanley cut their price target on Hewlett Packard Enterprise from $69.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday. Twelve research 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, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average target price of $69.44.

Hewlett Packard Enterprise Trading Up 4.7%

HPE stock opened at $54.25 on Friday. The company has a market cap of $71.84 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 0.60 and a beta of 1.43. Hewlett Packard Enterprise has a 52 week low of $19.84 and a 52 week high of $64.25. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $49.79 and a 200-day simple moving average of $37.68.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share 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 15.75%. The firm had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.97 billion. During the same period in the previous year, the company posted $0.44 earnings per share. Hewlett Packard Enterprise’s 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. On average, equities research analysts expect that Hewlett Packard Enterprise will post 2.92 EPS for the current year.

Insider Activity

In other news, SVP Kirt Karros sold 18,785 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by insiders.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors and hedge funds have recently bought and sold shares of the stock. Freemont Management S.A. increased its position in Hewlett Packard Enterprise by 197.1% in the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock worth $5,217,000 after buying an additional 144,100 shares during the period. CIBC Asset Management Inc raised its stake in Hewlett Packard Enterprise by 60.2% during the fourth quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock worth $8,111,000 after acquiring an additional 126,938 shares in the last quarter. Irenic Capital Management LP bought a new position in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $18,691,000. Banque Cantonale Vaudoise raised its holdings in shares of Hewlett Packard Enterprise by 73.6% in the fourth quarter. Banque Cantonale Vaudoise now owns 234,456 shares of the technology company’s stock valued at $5,632,000 after buying an additional 99,412 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Hewlett Packard Enterprise by 33.0% during the 4th quarter. Handelsbanken Fonder AB now owns 615,334 shares of the technology company’s stock worth $14,780,000 after buying an additional 152,810 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Key Headlines Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: HPE reported fiscal Q3 adjusted EPS of $1.11, well above estimates near $0.93-$0.95, while revenue reached approximately $12.2 billion, up 33.7% year over year and ahead of expectations. HPE Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised fiscal 2026 EPS guidance to $3.75-$3.85 and revenue guidance to $46-$47 billion, both above consensus. Fourth-quarter guidance also exceeded analysts’ forecasts, and HPE projected fiscal 2027 revenue growth of 13%-17% with at least $5 billion in free cash flow. HPE raises annual forecasts as AI, networking demand lifts quarterly revenue
• Positive Sentiment: Executives cited exceptionally strong, broad-based AI demand, record orders and a backlog that exceeds available supply. Networking revenue reportedly rose 75%, including a 270% increase in routing revenue, strengthening the case that the Juniper networking business is becoming a major AI infrastructure growth engine. HPE Q3 Earnings Call Highlights AI Demand, Networking Shift
• Positive Sentiment: HPE expanded its collaboration with Oracle to deploy Juniper Networking across Oracle’s gigawatt-scale AI data centers. A reported warrant arrangement involving more than four million HPE shares could further align Oracle with HPE’s infrastructure rollout, although investors should monitor dilution and execution details. HPE and Oracle Deepen Networking Collaboration
• Positive Sentiment: Several analysts raised price targets, including Raymond James, Citi, Barclays and Truist, while unusual options activity showed call volume substantially above normal—signals of improving investor expectations.
• Neutral Sentiment: HPE will hold a Networking Investor Day on September 30, potentially providing additional detail on strategy, margins and AI-related demand.
• Negative Sentiment: Memory, CPU and other hardware bottlenecks remain a concern. Investors are questioning whether supply limitations could delay deliveries or pressure margins as AI systems represent a larger share of sales. UBS, Wells Fargo and Piper Sandler maintained cautious ratings or reduced targets. HPE Earnings Soar but Supply Constraints Aren’t Going Away

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.