Raymond James Financial Reiterates Outperform Rating for Hewlett Packard Enterprise (NYSE:HPE)

Key Points

• Raymond James Financial reissued an Outperform rating on HPE with a $29 price target (down from $30), implying roughly a 16.25% upside from the prior close.
• HPE beat Q1 EPS estimates ($0.65 vs. $0.59) and reported revenue of $9.30B (up 18.4% YoY), and set FY2026 EPS guidance of 2.300–2.500 with Q2 guidance of 0.510–0.550.
• Insiders have been net sellers recently—411,085 shares sold in the last three months worth about $10.34M (including large EVP sales)—and insiders now own just 0.44% of the company.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Raymond James Financial in a research note issued on Monday,Benzinga reports. They currently have a $29.00 price target on the technology company's stock, down from their prior price target of $30.00. Raymond James Financial's price target would indicate a potential upside of 16.25% from the stock's previous close.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial initiated coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They set a "buy" rating and a $31.00 price objective for the company. Citigroup raised their price objective on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, March 11th. Morgan Stanley raised their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 10th. Weiss Ratings restated a "hold (c-)" rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, March 25th. Finally, Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a research report on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and a consensus price target of $26.71.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $24.95 on Monday. The company's 50-day moving average price is $22.61 and its 200-day moving average price is $23.00. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The company has a market cap of $33.10 billion, a P/E ratio of -131.30, a P/E/G ratio of 0.63 and a beta of 1.20. Hewlett Packard Enterprise has a twelve month low of $13.43 and a twelve month high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same period last year, the firm posted $0.49 earnings per share. The company's revenue for the quarter was up 18.4% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. On average, sell-side analysts forecast that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Fidelma Russo sold 34,001 shares of the business's stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total value of $852,745.08. Following the sale, the executive vice president directly owned 17,001 shares of the company's stock, valued at approximately $426,385.08. The trade was a 66.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil B. Macdonald sold 112,652 shares of the business's stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the completion of the sale, the executive vice president directly owned 56,494 shares in the company, valued at $1,417,434.46. This trade represents a 66.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 411,085 shares of company stock valued at $10,337,582. Company insiders own 0.44% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HPE. TFC Financial Management Inc. grew its holdings in shares of Hewlett Packard Enterprise by 2,694.4% in the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company's stock valued at $25,000 after purchasing an additional 970 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Hewlett Packard Enterprise by 176.7% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company's stock worth $26,000 after acquiring an additional 666 shares in the last quarter. Headlands Technologies LLC acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth approximately $26,000. Chilton Capital Management LLC acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth approximately $30,000. Finally, Union Savings Bank acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 80.78% of the company's stock.

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.

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