Hewlett Packard Enterprise (NYSE:HPE) Given New $63.00 Price Target at Wells Fargo & Company

Hewlett Packard Enterprise (NYSE:HPE) had its target price increased by research analysts at Wells Fargo & Company from $54.00 to $63.00 in a report released on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 1.60% from the company’s previous close.

HPE has been the subject of several other research reports. Truist Financial upped their price target on Hewlett Packard Enterprise from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Barclays raised their price objective on Hewlett Packard Enterprise from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Zacks Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. Bank of America upped their target price on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. Finally, Morgan Stanley lowered their target price on shares of Hewlett Packard Enterprise from $69.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, September 3rd. One 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’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus target price of $69.71.

Hewlett Packard Enterprise Trading Up 4.1%

HPE opened at $64.02 on Thursday. Hewlett Packard Enterprise has a fifty-two week low of $19.84 and a fifty-two week high of $67.10. The firm has a market capitalization of $84.99 billion, a PE ratio of 33.34, a P/E/G ratio of 0.55 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.11 and a quick ratio of 0.72. The company’s 50-day moving average is $55.04 and its 200 day moving average is $42.75.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The firm had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The company’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, research analysts predict that Hewlett Packard Enterprise will post 3.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $60.44, for a total transaction 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 $86,573,832.92. This trade represents a 14.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 14th. The stock was sold at an average price of $56.91, for a total value of $967,470.00. Following the sale, the director owned 65,072 shares in the company, valued at $3,703,247.52. The trade was a 20.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors have recently added to or reduced their stakes in HPE. CIBC Asset Management Inc lifted its holdings in Hewlett Packard Enterprise by 60.2% during the fourth quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock valued at $8,111,000 after purchasing an additional 126,938 shares during the last quarter. Irenic Capital Management LP bought a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $18,691,000. Assenagon Asset Management S.A. lifted its stake in shares of Hewlett Packard Enterprise by 387.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,240,000 shares of the technology company’s stock valued at $55,936,000 after buying an additional 985,829 shares in the last quarter. State of Wyoming bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth approximately $1,271,000. Finally, Sapient Capital LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at $987,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise News Summary

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

• Positive Sentiment: HPE secured a $1.2 billion order from Vultr for its first AMD Helios AI Rack deployment. The systems, which combine AMD computing with HPE networking and software, are expected to be installed across Vultr’s U.S. data centers. The deal provides significant near-term order visibility and validates HPE’s role in supplying large-scale AI infrastructure. HPE Secures Its First AMD Helios Order in $1.2 Billion Deal With Vultr
• Positive Sentiment: At its Networking Investor Day, HPE raised its long-term revenue growth outlook for the networking business. Management cited strong demand across data-center networking, routing, campus and branch, and security products, with AI-related buildouts serving as a major growth catalyst. HPE boosts networking growth outlook, gets $1.2 billion AI order from cloud firm Vultr
• Positive Sentiment: CFO Marie Myers said AI demand continues to exceed available supply, supporting expectations for sustained infrastructure spending. Investors also pointed to potential merger synergies with Juniper and additional AI opportunities involving AMD and Oracle. These factors helped HPE shares break out and close at a record $63.89. HPE, IBD Stock Of The Day, Breaks Out On Hiked Guidance, AI Momentum

Hewlett Packard Enterprise Company Profile

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.