Loop Capital Upgrades Hewlett Packard Enterprise (NYSE:HPE) to Buy

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by investment analysts at Loop Capital from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $75.00 target price on the technology company’s stock. Loop Capital’s target price would suggest a potential upside of 58.32% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Bank of America upped their target price on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Citigroup increased their price target on Hewlett Packard Enterprise from $27.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 25th. Wall Street Zen cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Morgan Stanley increased their price target on Hewlett Packard Enterprise from $25.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.24.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $47.37 on Tuesday. The firm has a market capitalization of $62.85 billion, a P/E ratio of -249.32, a PEG ratio of 1.10 and a beta of 1.28. The stock has a fifty day moving average price of $29.23 and a 200 day moving average price of $24.80. Hewlett Packard Enterprise has a 52 week low of $17.02 and a 52 week high of $47.97. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.54 by $0.25. The firm had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The business’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.82) earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.97 earnings per share for the current year.

Insider Transactions at Hewlett Packard Enterprise

In related news, CFO Marie Myers sold 93,583 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total value of $2,808,425.83. Following the sale, the chief financial officer directly owned 204,754 shares in the company, valued at $6,144,667.54. This trade represents a 31.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Antonio F. Neri sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $26.50, for a total value of $3,975,000.00. Following the completion of the sale, the chief executive officer owned 1,687,329 shares in the company, valued at approximately $44,714,218.50. This represents a 8.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 702,402 shares of company stock worth $18,440,171 over the last quarter. Insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HPE. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Hewlett Packard Enterprise by 24.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company’s stock worth $5,179,000 after acquiring an additional 41,896 shares in the last quarter. Viking Fund Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 22.5% during the 4th quarter. Viking Fund Management LLC now owns 490,000 shares of the technology company’s stock worth $11,770,000 after acquiring an additional 90,000 shares in the last quarter. Freemont Management S.A. boosted its stake in shares of Hewlett Packard Enterprise by 197.1% during the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock worth $5,217,000 after acquiring an additional 144,100 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Hewlett Packard Enterprise by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock worth $4,156,870,000 after acquiring an additional 1,917,719 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in shares of Hewlett Packard Enterprise by 133.8% during the 4th quarter. Merit Financial Group LLC now owns 96,825 shares of the technology company’s stock worth $2,326,000 after acquiring an additional 55,410 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

More Hewlett Packard Enterprise News

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

• Positive Sentiment: HPE reported fiscal Q2 EPS of $0.79 and revenue of $10.68 billion, both well above Wall Street expectations, showing stronger-than-expected demand across the business.
• Positive Sentiment: The company said revenue grew 40% year over year, while networking revenue jumped 148%, highlighting broad-based strength in AI-related and enterprise infrastructure spending.
• Positive Sentiment: HPE raised its fiscal 2026 guidance and pulled forward its long-term financial targets by two years, signaling management sees the AI server and networking boom continuing. Reuters: HPE expects to achieve 2028 financial targets this year after record quarter on AI boom
• Positive Sentiment: HPE also introduced a new NVIDIA Vera CPU-based server for agentic AI workloads, reinforcing its positioning in the fast-growing AI infrastructure market. BusinessWire: HPE Introduces CPU Server with NVIDIA Vera CPU, Purpose-built for Agentic AI
• Neutral Sentiment: HPE announced a quarterly dividend of $0.1425 per share, payable July 15 to shareholders of record on June 16, which may support income-focused investors but is not the main driver of the move.
• Negative Sentiment: After the earnings-driven surge, some of the stock’s AI enthusiasm may already be reflected in the share price, which could create valuation risk if growth or margins cool from here.

About Hewlett Packard Enterprise

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.