Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $72.00

by · The Markets Daily

Hewlett Packard Enterprise (NYSE:HPE – Free Report) had its target price lifted by Morgan Stanley from $67.00 to $72.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

Several other research firms have also weighed in on HPE. Citigroup increased their price target on Hewlett Packard Enterprise from $74.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Raymond James Financial lifted their price objective 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. Zacks Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Bank of America increased their target price on shares of 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, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 1st. They issued a “buy” rating and a $62.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.06.

Check Out Our Latest Analysis on Hewlett Packard Enterprise

Hewlett Packard Enterprise Trading Up 7.5%

HPE opened at $69.39 on Thursday. The stock has a 50-day moving average of $55.81 and a 200 day moving average of $43.24. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. Hewlett Packard Enterprise has a 12 month low of $19.84 and a 12 month high of $70.29. The firm has a market cap of $92.12 billion, a P/E ratio of 36.14, a P/E/G ratio of 0.62 and a beta of 1.39.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $12.21 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the business 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. As a group, research analysts forecast that Hewlett Packard Enterprise will post 3.34 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, September 17th will be paid a $0.1425 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a yield of 0.8%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 29.69%.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Rami Rahim sold 34,456 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $61.42, for a total transaction of $2,116,287.52. Following the completion of the sale, the executive vice president directly owned 875,133 shares in the company, valued at approximately $53,750,668.86. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio Neri sold 250,000 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the completion of the transaction, the chief executive officer owned 1,432,393 shares in the company, valued at approximately $86,573,832.92. The trade was a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 301,456 shares of company stock worth $18,193,758. 0.44% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of institutional investors have recently modified their holdings of the stock. Capital World Investors bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $901,751,000. Elliott Investment Management L.P. grew its stake in Hewlett Packard Enterprise by 47.2% in the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock worth $652,912,000 after purchasing an additional 8,790,757 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hewlett Packard Enterprise during the 2nd quarter worth $1,027,139,000. Primecap Management Co. CA purchased a new position in Hewlett Packard Enterprise during the 2nd quarter worth $773,225,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Hewlett Packard Enterprise by 6.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company’s stock valued at $590,435,000 after purchasing an additional 756,972 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

More Hewlett Packard Enterprise News

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

  • Positive Sentiment: HPE secured a $1.2 billion order from cloud provider Vultr for systems based on AMD’s Helios AI rack platform. The deal is HPE’s first announced Helios order and reinforces its role in supplying high-performance infrastructure for AI data centers. HPE AMD deal coverage
  • Positive Sentiment: At its investor event, HPE raised its long-term networking revenue outlook, citing robust AI-related demand across data-center networking, routing, campus and branch infrastructure, and security. Management said demand continues to exceed supply, supporting expectations for sustained growth. HPE raises networking outlook and lands Vultr order
  • Positive Sentiment: Several analysts raised their price targets following the investor day and AI order. Citi increased its target to $92 with a Buy rating, while Barclays, Truist and Morgan Stanley also lifted targets and maintained constructive views. The analyst activity has strengthened the bullish case around HPE’s AI and networking growth. Analyst target changes for HPE
  • Neutral Sentiment: Analyst opinion remains mixed after HPE’s powerful rally. Piper Sandler reiterated a Hold rating, while UBS and Wells Fargo retained cautious ratings despite raising their targets. Analysts acknowledge HPE’s AI opportunity but warn that much of the expected growth may already be reflected in the stock’s valuation. Piper Sandler maintains Hold rating
  • Neutral Sentiment: Executive Vice President Rami Rahim sold 34,456 shares for approximately $2.1 million under a pre-arranged Rule 10b5-1 trading plan. The sale modestly reduced his holdings but is less concerning because he still owns roughly 875,000 shares. SEC insider trading filing

Hewlett Packard Enterprise Company Profile

(Get Free Report)

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.

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