Hewlett Packard Enterprise (NYSE:HPE) Upgraded to Strong-Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded HPE from “buy” to “strong-buy,” adding to broadly positive analyst sentiment. Eleven analysts rate the stock Buy and six Hold, producing a consensus “Moderate Buy” rating with an average price target of $69.80.
• HPE reported quarterly EPS of $0.79, exceeding the $0.54 consensus estimate, while revenue rose 40% year over year to $10.68 billion. Management guided fiscal 2026 EPS to $3.35–$3.45.
• HPE shares opened at $52.31, near the middle of their $19.84–$64.25 one-year range; institutional investors own approximately 80.78% of the company, while an insider sold shares under a pre-arranged trading plan.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Sunday.

A number of other research firms have also recently issued reports on HPE. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $71.00 to $69.00 in a research report on Monday, August 10th. Sanford C. Bernstein boosted their target price on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a "market perform" rating in a report on Tuesday, June 2nd. Bank of America increased their price target on Hewlett Packard Enterprise from $38.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 2nd. Argus lifted their price objective on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Finally, Susquehanna upped their price objective on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and an average target price of $69.80.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $52.31 on Friday. The company has a market cap of $69.27 billion, a PE ratio of 48.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42. The firm has a 50-day moving average of $49.46 and a 200-day moving average of $36.77. Hewlett Packard Enterprise has a one year low of $19.84 and a one year high of $64.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company had revenue of $10.68 billion for the quarter, compared to analysts' expectations of $9.78 billion. During the same period in the prior year, the firm earned ($0.82) EPS. Hewlett Packard Enterprise's quarterly revenue was up 40.0% compared to the same quarter last year. 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. As a group, equities analysts forecast that Hewlett Packard Enterprise will post 2.92 earnings per share for the current year.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction that occurred 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 at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company's stock.

Institutional Inflows and Outflows

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

Trending Headlines about Hewlett Packard Enterprise

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

• Positive Sentiment: J.P. Morgan assigned HPE a Buy rating, adding to the bullish analyst support for the company. Hewlett Packard Enterprise Receives a Buy from J.P. Morgan
• Positive Sentiment: Analysts’ average price target implies approximately 25.5% upside, while upward earnings-estimate revisions suggest expectations for a potential earnings beat. The article cautions that price targets alone are not always reliable. HPE Potential Rally Analysis
• Positive Sentiment: HPE’s third-quarter outlook is supported by demand for AI infrastructure, networking, and hybrid-cloud solutions, with its expanded product portfolio potentially supporting revenue growth. HPE Q3 Earnings Preview
• Neutral Sentiment: Brokerages collectively rate HPE “Moderate Buy,” indicating broadly favorable sentiment but not unanimous conviction. HPE Consensus Recommendation
• Neutral Sentiment: Investors are awaiting detailed third-quarter projections for revenue, earnings, margins, and other operating metrics for the period ended July 2026. HPE Q3 Key Metrics Preview
• Negative Sentiment: Cisco may have an edge over HPE for long-term networking investors because of stronger hyperscaler AI orders, networking growth, and its expanding security business. HPE Versus Cisco Networking Comparison
• Negative Sentiment: HPE’s multiyear global Wi-Fi patent agreement with a blacklisted supplier could raise compliance and reputational concerns, despite resolving intellectual-property issues. HPE Global WiFi Patent Deal

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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