Hewlett Packard Enterprise (NYSE:HPE) Given New $83.00 Price Target at Barclays

Key Points

• Barclays raised HPE’s price target to $83 from $79 and maintained an “overweight” rating, implying roughly 29.6% upside from the cited share price.
• HPE reported quarterly EPS of $1.11, beating the $0.93 consensus estimate, while revenue rose 33.7% year over year to $12.21 billion.
• Analyst sentiment remains favorable, with MarketBeat’s consensus rating at “Moderate Buy” and a $69.94 average price target, although HPE’s CEO and a director recently sold shares under disclosed transactions.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its target price hoisted by Barclays from $79.00 to $83.00 in a report released on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. Barclays's target price indicates a potential upside of 29.64% from the company's current price.

A number of other research firms also recently weighed in on HPE. Raymond James Financial increased their target price on shares of Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an "outperform" rating in a research report on Thursday, September 3rd. Morgan Stanley dropped their price objective on Hewlett Packard Enterprise from $69.00 to $67.00 and set an "overweight" rating on the stock in a research note on Thursday, September 3rd. Bank of America increased their price objective on Hewlett Packard Enterprise from $80.00 to $82.00 and gave the company a "buy" rating in a report on Monday, August 31st. Citigroup raised their target price on Hewlett Packard Enterprise from $74.00 to $76.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Finally, Truist Financial boosted their target price on Hewlett Packard Enterprise from $69.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus price target of $69.94.

Hewlett Packard Enterprise Trading Up 4.1%

NYSE HPE opened at $64.02 on Thursday. The business's fifty day moving average is $55.04 and its 200-day moving average is $42.75. 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 stock 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. Hewlett Packard Enterprise has a one year low of $19.84 and a one year high of $67.10.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The company had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. The firm's revenue for the quarter was up 33.7% on a year-over-year basis. 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. Equities research analysts predict that Hewlett Packard Enterprise will post 3.33 EPS for the current year.

Insiders Place Their Bets

In other news, Director Gary Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 14th. The stock was sold at an average price of $56.91, for a total value of $967,470.00. Following the completion of the transaction, the director directly owned 65,072 shares in the company, valued at approximately $3,703,247.52. The trade was a 20.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 1,432,393 shares in the company, valued at $86,573,832.92. This trade represents a 14.86% 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 own 0.44% of the company's stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently modified their holdings of HPE. Capital World Investors purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $901,751,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $1,027,139,000. Primecap Management Co. CA bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth $773,225,000. Legal & General Group Plc bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth $512,721,000. Finally, Elliott Investment Management L.P. raised its position in shares of 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 buying an additional 8,790,757 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Key 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 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

About Hewlett Packard Enterprise

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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