Hewlett Packard Enterprise's (HPE) "Buy" Rating Reiterated at Argus

Key Points

• Argus reiterated its Buy rating on Hewlett Packard Enterprise and set a $70 price target, implying roughly 29% upside. Analysts overall maintain a “Moderate Buy” consensus with an average target of $69.44.
• HPE reported fiscal third-quarter adjusted EPS of $1.11 versus the $0.93 consensus, while revenue rose 33.7% year over year to $12.21 billion. Management also raised fiscal 2026 guidance, supported by strong AI and networking demand.
• Despite favorable growth trends, hardware supply constraints involving memory and CPUs could delay deliveries or pressure margins; one senior executive also sold shares under a pre-arranged trading plan.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Argus in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $70.00 target price on the technology company's stock. Argus' target price suggests a potential upside of 29.03% from the stock's current price.

HPE has been the subject of a number of other reports. Zacks Research cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. The Goldman Sachs Group increased their price objective on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Citigroup increased their price target on Hewlett Packard Enterprise from $74.00 to $76.00 and gave the company a "buy" rating in a research note on Thursday. Susquehanna raised their target price 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. Finally, UBS Group reduced their price objective on Hewlett Packard Enterprise from $65.00 to $59.00 and set a "neutral" rating on the stock in a research note on Thursday. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $69.44.

Hewlett Packard Enterprise Stock Up 4.7%

Shares of Hewlett Packard Enterprise stock opened at $54.25 on Friday. Hewlett Packard Enterprise has a 1 year low of $19.84 and a 1 year high of $64.25. The firm has a market cap of $71.84 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 0.60 and a beta of 1.43. The company has a 50-day moving average of $49.79 and a 200 day moving average of $37.68. 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 released its earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, topping the consensus estimate 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 15.75% and a net margin of 6.60%.The company's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period 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. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise will post 2.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Kirt Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by corporate insiders.

Institutional Trading of Hewlett Packard Enterprise

Several hedge funds have recently added to or reduced their stakes in the company. Sax Wealth Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 2.9% in the 2nd quarter. Sax Wealth Advisors LLC now owns 8,782 shares of the technology company's stock valued at $396,000 after purchasing an additional 244 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Hewlett Packard Enterprise by 5.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,180 shares of the technology company's stock worth $324,000 after purchasing an additional 355 shares during the last quarter. Investment Research Partners LLC grew its stake in shares of Hewlett Packard Enterprise by 2.0% during the fourth quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company's stock worth $527,000 after purchasing an additional 423 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Hewlett Packard Enterprise by 4.5% in the first quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company's stock valued at $238,000 after buying an additional 429 shares during the last quarter. Finally, Compound Planning Inc. increased its holdings in Hewlett Packard Enterprise by 2.4% in the first quarter. Compound Planning Inc. now owns 18,951 shares of the technology company's stock valued at $451,000 after buying an additional 446 shares during the last quarter. Institutional investors and hedge funds 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 Q3 adjusted EPS of $1.11, well above estimates near $0.93-$0.95, while revenue reached approximately $12.2 billion, up 33.7% year over year and ahead of expectations. HPE Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised fiscal 2026 EPS guidance to $3.75-$3.85 and revenue guidance to $46-$47 billion, both above consensus. Fourth-quarter guidance also exceeded analysts’ forecasts, and HPE projected fiscal 2027 revenue growth of 13%-17% with at least $5 billion in free cash flow. HPE raises annual forecasts as AI, networking demand lifts quarterly revenue
• Positive Sentiment: Executives cited exceptionally strong, broad-based AI demand, record orders and a backlog that exceeds available supply. Networking revenue reportedly rose 75%, including a 270% increase in routing revenue, strengthening the case that the Juniper networking business is becoming a major AI infrastructure growth engine. HPE Q3 Earnings Call Highlights AI Demand, Networking Shift
• Positive Sentiment: HPE expanded its collaboration with Oracle to deploy Juniper Networking across Oracle’s gigawatt-scale AI data centers. A reported warrant arrangement involving more than four million HPE shares could further align Oracle with HPE’s infrastructure rollout, although investors should monitor dilution and execution details. HPE and Oracle Deepen Networking Collaboration
• Positive Sentiment: Several analysts raised price targets, including Raymond James, Citi, Barclays and Truist, while unusual options activity showed call volume substantially above normal—signals of improving investor expectations.
• Neutral Sentiment: HPE will hold a Networking Investor Day on September 30, potentially providing additional detail on strategy, margins and AI-related demand.
• Negative Sentiment: Memory, CPU and other hardware bottlenecks remain a concern. Investors are questioning whether supply limitations could delay deliveries or pressure margins as AI systems represent a larger share of sales. UBS, Wells Fargo and Piper Sandler maintained cautious ratings or reduced targets. HPE Earnings Soar but Supply Constraints Aren't Going Away

Hewlett Packard Enterprise Company Profile

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source