Hewlett Packard Enterprise (NYSE:HPE) Earns Neutral Rating from Piper Sandler

Hewlett Packard Enterprise (NYSE:HPE)‘s stock had its “neutral” rating reissued by analysts at Piper Sandler in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $63.00 price objective on the technology company’s stock, up from their previous price objective of $23.00. Piper Sandler’s price objective points to a potential upside of 15.69% from the company’s previous close.

HPE has been the subject of several other reports. UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday. Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna increased their price target on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday. Citigroup increased their price target on shares of Hewlett Packard Enterprise from $39.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Loop Capital raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and increased their price target for the company from $23.00 to $75.00 in a report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.47.

Hewlett Packard Enterprise Stock Up 15.0%

Hewlett Packard Enterprise stock traded up $7.09 during trading hours on Tuesday, hitting $54.46. The company had a trading volume of 106,917,826 shares, compared to its average volume of 19,915,974. The firm has a market capitalization of $72.26 billion, a P/E ratio of -249.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.28. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. The firm’s fifty day moving average is $29.23 and its 200-day moving average is $24.80. Hewlett Packard Enterprise has a fifty-two week low of $17.02 and a fifty-two week high of $47.97.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The company had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same quarter in the prior year, the business posted ($0.82) EPS. Hewlett Packard Enterprise’s quarterly revenue was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. On average, research analysts forecast that Hewlett Packard Enterprise will post 1.97 earnings per share for the current year.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 17,001 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $27.97, for a total value of $475,517.97. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 6,482 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total value of $188,626.20. Following the completion of the sale, the director owned 8,018 shares in the company, valued at $233,323.80. The trade was a 44.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 702,402 shares of company stock valued at $18,440,171 over the last three months. Insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of large investors have recently added to or reduced their stakes in HPE. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise during the 2nd quarter worth $26,000. SJS Investment Consulting Inc. grew its stake in shares of Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after acquiring an additional 716 shares in the last quarter. Union Savings Bank acquired a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $30,000. Reflection Asset Management acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $31,000. Finally, Clearstead Trust LLC increased its holdings in shares of Hewlett Packard Enterprise by 93.8% during the third quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock worth $32,000 after purchasing an additional 625 shares during the period. Institutional investors own 80.78% of the company’s stock.

More Hewlett Packard Enterprise News

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

• Positive Sentiment: HPE reported fiscal Q2 earnings of $0.79 per share, well above the $0.54 consensus, on revenue of $10.68 billion versus expectations of about $9.78 billion. HPE Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management raised full-year and Q3 guidance materially above Wall Street estimates, signaling continued momentum in AI servers, networking, and data center spending. HPE expects to achieve 2028 financial targets this year after record quarter on AI boom
• Positive Sentiment: Multiple analysts turned more bullish after the report, with several sharply raising price targets, including Truist to $69, Citigroup to $70, Barclays to $67, Morgan Stanley to $71, JPMorgan to $68, and Bank of America to $80. Analyst price target updates
• Positive Sentiment: HPE also launched new AI-focused server hardware, including a CPU server with NVIDIA Vera CPU, reinforcing the company’s positioning in agentic AI infrastructure. HPE Introduces CPU Server with NVIDIA Vera CPU, Purpose-built for Agentic AI
• Neutral Sentiment: HPE declared a quarterly dividend of $0.1425 per share, which provides a modest income component for shareholders. Dividend announcement
• Neutral Sentiment: The company appointed Chris Hsu of Elliott Investment Management to its board, a governance update that may support strategic execution but is not a direct operating catalyst. HPE Names Chris Hsu to Board of Directors

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.