Truist Financial Reaffirms Buy Rating for Hewlett Packard Enterprise (NYSE:HPE)

Key Points

• Truist Financial reaffirmed its “buy” rating on Hewlett Packard Enterprise and raised its price target from $70 to $75, implying approximately 17% upside from the referenced share price.
• HPE reported quarterly EPS of $1.11, exceeding the $0.93 consensus estimate, while revenue reached $12.21 billion and grew 33.7% year over year. Analysts collectively rate the stock “Moderate Buy,” with an average price target of $70.24.
• Insiders recently sold shares, including CEO Antonio Neri’s $15.1 million transaction, while institutional investors and hedge funds own 80.78% of HPE. Separately, the company’s AI infrastructure momentum was highlighted by a $1.2 billion Vultr order and an improved networking growth outlook.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Truist Financial in a report released on Thursday, Benzinga reports. They presently have a $75.00 target price on the technology company's stock, up from their previous target price of $70.00. Truist Financial's target price would indicate a potential upside of 17.15% from the company's current price.

HPE has been the topic of a number of other reports. UBS Group dropped 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, September 3rd. Argus reaffirmed a "buy" rating and issued a $70.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 4th. Barclays upped their price target on Hewlett Packard Enterprise from $79.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday. Zacks Research upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 4th. Finally, Weiss Ratings raised shares of Hewlett Packard Enterprise from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $70.24.

Hewlett Packard Enterprise Trading Up 4.1%

NYSE:HPE opened at $64.02 on Thursday. The company's 50 day moving average is $55.04 and its 200-day moving average is $42.75. The company has a quick ratio of 0.72, a current ratio of 1.11 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 $67.10. The firm has a market cap of $84.99 billion, a price-to-earnings ratio of 33.34, a P/E/G ratio of 0.55 and a beta of 1.43.

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

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio Neri sold 250,000 shares of the firm's stock in a transaction dated Friday, September 11th. The shares were 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 directly owned 1,432,393 shares of the company's stock, valued at approximately $86,573,832.92. This trade represents a 14.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of the company's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $56.91, for a total transaction of $967,470.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. 0.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently modified their holdings of HPE. Delos Wealth Advisors LLC bought a new stake in Hewlett Packard Enterprise in the second quarter valued at $27,000. First Bancorp Inc ME bought a new position in shares of Hewlett Packard Enterprise during the second quarter valued at $30,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $37,000. SJS Investment Consulting Inc. grew its holdings in shares of Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company's stock worth $28,000 after purchasing an additional 716 shares during the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $56,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Hewlett Packard Enterprise

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

• Positive Sentiment: $1.2 billion Vultr AI order: Vultr will deploy HPE systems built around AMD Helios AI Racks across its U.S. data centers. The deal is HPE’s first Helios order and provides a significant customer win for its AI server, networking and software offerings. HPE Secures Its First AMD Helios Order in $1.2 Billion Deal With Vultr
• Positive Sentiment: Networking outlook raised: HPE lifted its long-term revenue growth expectations for the networking business, citing accelerating AI-related demand across data-center networking, routing, campus and branch infrastructure, and security. Management characterized AI demand as exceeding available supply, supporting expectations for continued growth. HPE boosts networking growth outlook, gets $1.2 billion AI order from cloud firm Vultr
• Positive Sentiment: Constructive analyst support: Barclays raised its HPE price target from $79 to $83 and assigned an “overweight” rating, implying substantial upside from the referenced price. The target increase reflects stronger confidence in HPE’s AI infrastructure and networking opportunity.
• Neutral Sentiment: Investor focus remains elevated: HPE’s investor-day presentations highlighted networking as a key long-term growth and shareholder-value driver. The shares have already rallied sharply in 2026, making execution on the Vultr order, networking targets and AI demand important for sustaining momentum. HPE Analyst/Investor Day Transcript
• Negative Sentiment: Valuation caution: Wells Fargo raised its target from $54 to $63 but kept an “equal weight” rating; the new target remains slightly below the referenced share price. This suggests some analysts believe the strong AI-driven rally has already priced in much of the near-term opportunity.

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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