Bank of America Issues Positive Forecast for Hewlett Packard Enterprise (NYSE:HPE) Stock Price

Hewlett Packard Enterprise (NYSE:HPE) had its price objective hoisted by Bank of America from $29.00 to $32.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other research analysts have also issued research reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Friday, December 26th. Morgan Stanley cut their price objective on shares of Hewlett Packard Enterprise from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Zacks Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Argus increased their target price on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Finally, Citigroup dropped their price target on Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $25.82.

Hewlett Packard Enterprise Stock Down 3.3%

HPE opened at $21.09 on Tuesday. The stock’s fifty day simple moving average is $22.05 and its 200 day simple moving average is $23.08. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $26.44. The stock has a market cap of $28.03 billion, a PE ratio of -111.01, a price-to-earnings-growth ratio of 0.60 and a beta of 1.31. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.97%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. 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. As a group, research analysts expect that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th will be issued a dividend of $0.1425 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.57 annualized dividend and a dividend yield of 2.7%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently -950.00%.

Insider Buying and Selling

In related news, SVP Kirt P. Karros sold 36,460 shares of the stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $24.61, for a total transaction of $897,280.60. Following the sale, the senior vice president owned 18,785 shares of the company’s stock, valued at $462,298.85. This represents a 66.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeremy Cox sold 13,463 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $24.68, for a total value of $332,266.84. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 238,850 shares of company stock valued at $5,877,664 in the last quarter. Corporate insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. TFC Financial Management Inc. raised its stake in 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 stake in Hewlett Packard Enterprise by 176.7% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after buying an additional 666 shares in the last quarter. Chilton Capital Management LLC bought a new position in Hewlett Packard Enterprise in the 3rd quarter valued at about $30,000. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter valued at about $26,000. Finally, Union Savings Bank acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $30,000. Institutional investors own 80.78% of the company’s stock.

Key Stories Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: Q1 beat and upgraded guidance — HPE topped non‑GAAP EPS estimates and raised FY‑2026 and Q2 guidance, citing strong networking demand and record profitability for the quarter. HPE Reports Fiscal 2026 First Quarter Results
• Positive Sentiment: AI/server and networking momentum — Management flagged sizable orders for AI‑optimized servers (NVIDIA‑based) and continued Juniper integration that is driving networking revenue and higher‑margin sales. This underpins the company’s above‑consensus Q2 revenue outlook. Hewlett Packard Enterprise forecasts revenue will surpass estimates
• Positive Sentiment: Short interest fell materially in February — Short interest declined about 12%, lowering potential downside pressure from short sellers and reducing a near‑term days‑to‑cover metric to ~5 days.
• Positive Sentiment: Analyst price‑target moves — Banks raised price targets (Bank of America to $32 and Morgan Stanley raised its target to $25), reflecting growing conviction in HPE’s AI/networking opportunity and providing upside case support. Tickerreport.com
• Neutral Sentiment: Dividend declared — HPE set a quarterly dividend (record date March 24), which supports income investors but is unlikely to change near‑term growth expectations.
• Neutral Sentiment: Mixed underlying performance — While networking surged, Cloud & AI revenue showed softness and GAAP results differ from non‑GAAP figures, prompting some caution about sustainability of margin gains. HPE reports mixed first quarter results, raises 2026 profit outlook
• Neutral Sentiment: Memory shortages and price actions — Management warns memory tightness will persist; HPE is passing on price increases to customers, which may protect revenue but complicate margin and demand visibility. HPE Stays Ahead of Memory Shortage With Price Hikes — Market Talk
• Negative Sentiment: Security vulnerability disclosed — A critical AOS‑CX flaw that can allow admin password resets was reported; remediation and customer impact will be monitored and could create short‑term reputational or support costs. HPE warns of critical AOS-CX flaw allowing admin password resets

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.