Hewlett Packard Enterprise (NYSE:HPE) Given “Buy” Rating at Truist Financial

Hewlett Packard Enterprise (NYSE:HPE)‘s stock had its “buy” rating reissued by stock analysts at Truist Financial in a note issued to investors on Thursday, Benzinga reports. They currently have a $75.00 price target on the technology company’s stock, up from their previous price target of $70.00. Truist Financial’s price target would indicate a potential upside of 17.15% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley dropped their price objective on shares of Hewlett Packard Enterprise from $69.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, September 3rd. Bank of America boosted their target price on Hewlett Packard Enterprise from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. Citigroup raised their price target on Hewlett Packard Enterprise from $74.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. The Goldman Sachs Group lifted their price objective on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Zacks Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average target price of $70.24.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $64.02 on Thursday. The stock has a 50-day simple moving average of $55.04 and a 200 day simple moving average of $42.75. The stock has a market capitalization 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. 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.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data 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 firm had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter last year, the company posted $0.44 EPS. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. 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. On average, research analysts anticipate that Hewlett Packard Enterprise will post 3.33 earnings per share for the current fiscal year.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 17,000 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $56.91, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Antonio Neri sold 250,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $60.44, for a total value of $15,110,000.00. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

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

Key Stories Impacting 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.