Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $83.00

Hewlett Packard Enterprise (NYSE:HPE) had its target price raised by equities researchers at Barclays from $79.00 to $83.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective would suggest a potential upside of 29.64% from the company’s current price.

HPE has been the subject of several other reports. Raymond James Financial boosted their price target on shares of Hewlett Packard Enterprise from $74.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. The Goldman Sachs Group raised their price target on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Truist Financial boosted their price objective on Hewlett Packard Enterprise from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. UBS Group cut their target price on shares of Hewlett Packard Enterprise from $65.00 to $59.00 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Finally, Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $69.94.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $64.02 on Thursday. Hewlett Packard Enterprise has a one year low of $19.84 and a one year high of $67.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72. The firm has a market capitalization of $84.99 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 0.55 and a beta of 1.43. The company’s fifty day moving average price is $55.04 and its 200-day moving average price is $42.75.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.18. The firm had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The company’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. 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 anticipate that Hewlett Packard Enterprise will post 3.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gary M. Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $56.91, for a total transaction of $967,470.00. Following the sale, the director directly owned 65,072 shares in the company, valued at $3,703,247.52. The trade was a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Antonio Neri sold 250,000 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $60.44, for a total value of $15,110,000.00. Following the completion of the transaction, the chief executive officer owned 1,432,393 shares of the company’s stock, valued at approximately $86,573,832.92. This trade represents a 14.86% decrease in their position. The SEC filing for this sale provides additional information. 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

Large investors have recently made changes to their positions in the business. QRG Capital Management Inc. grew its stake in shares of Hewlett Packard Enterprise by 148.1% in the 2nd quarter. QRG Capital Management Inc. now owns 446,503 shares of the technology company’s stock worth $20,142,000 after buying an additional 266,499 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Hewlett Packard Enterprise in the second quarter worth $1,076,000. Andra AP fonden purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter worth $10,759,000. Tidal Investments LLC grew its stake in shares of Hewlett Packard Enterprise by 552.7% in the second quarter. Tidal Investments LLC now owns 800,103 shares of the technology company’s stock worth $36,093,000 after acquiring an additional 677,528 shares during the last quarter. Finally, BlueCrest Capital Management Ltd increased its holdings in shares of Hewlett Packard Enterprise by 105.8% during the second quarter. BlueCrest Capital Management Ltd now owns 201,015 shares of the technology company’s stock valued at $9,068,000 after acquiring an additional 103,323 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: HPE secured a $1.2 billion order from Vultr for its first AMD Helios AI Rack deployment. The systems, which combine AMD computing with HPE networking and software, are expected to be installed across Vultr’s U.S. data centers. The deal provides significant near-term order visibility and validates HPE’s role in supplying large-scale AI infrastructure. HPE Secures Its First AMD Helios Order in $1.2 Billion Deal With Vultr
• Positive Sentiment: At its Networking Investor Day, HPE raised its long-term revenue growth outlook for the networking business. Management cited strong demand across data-center networking, routing, campus and branch, and security products, with AI-related buildouts serving as a major growth catalyst. HPE boosts networking growth outlook, gets $1.2 billion AI order from cloud firm Vultr
• Positive Sentiment: CFO Marie Myers said AI demand continues to exceed available supply, supporting expectations for sustained infrastructure spending. Investors also pointed to potential merger synergies with Juniper and additional AI opportunities involving AMD and Oracle. These factors helped HPE shares break out and close at a record $63.89. HPE, IBD Stock Of The Day, Breaks Out On Hiked Guidance, AI Momentum

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology products, services and solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and secure data center, cloud and edge-computing environments.

HPE’s portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.