Hewlett Packard Enterprise (NYSE:HPE) Shares Climb 3.6% – Should You Buy?

Posted by Brian Himes on Oct 29th, 2026

Hewlett Packard Enterprise Company (NYSE:HPE – Get Free Report) shares rose 3.6% during mid-day trading on Tuesday. The company traded as high as $61.27 and last traded at $60.8410. 11,481,191 shares changed hands during trading, a decline of 46% from the average daily volume of 21,165,932 shares. The stock had previously closed at $58.72.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore raised their price objective on shares of Hewlett Packard Enterprise from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, October 1st. Citigroup increased their price target on shares of Hewlett Packard Enterprise from $76.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Truist Financial restated a “buy” rating and set a $75.00 price target (up from $70.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, October 1st. Susquehanna decreased their price objective on Hewlett Packard Enterprise from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Finally, JPMorgan Chase & Co. upped their price objective on Hewlett Packard Enterprise from $68.00 to $70.00 in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.44.

View Our Latest Stock Analysis on HPE

Hewlett Packard Enterprise Stock Down 2.6%

The firm has a market cap of $78.03 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 0.51 and a beta of 1.39. The business’s 50-day moving average is $59.55 and its 200-day moving average is $40.36. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.72 and a current ratio of 1.11.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. The firm had revenue of $12.21 billion for the quarter, compared to analyst estimates of $11.97 billion. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.50%. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. 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, equities analysts predict that Hewlett Packard Enterprise Company will post 3.34 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 17th were given a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, September 17th. Hewlett Packard Enterprise’s payout ratio is 29.69%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Rami Rahim sold 34,456 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $61.42, for a total value of $2,116,287.52. Following the transaction, the executive vice president directly owned 875,133 shares in the company, valued at approximately $53,750,668.86. This trade represents a 3.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Reiner sold 17,000 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $56.91, for a total value of $967,470.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 585,899 shares of company stock worth $37,270,329 in the last quarter. Insiders own 0.44% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. Elliott Investment Management L.P. grew its position in shares of Hewlett Packard Enterprise by 47.2% during the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company’s stock worth $652,912,000 after buying an additional 8,790,757 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Hewlett Packard Enterprise in the second quarter valued at approximately $1,027,139,000. Primecap Management Co. CA acquired a new position in Hewlett Packard Enterprise in the second quarter valued at approximately $773,225,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Hewlett Packard Enterprise by 6.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company’s stock valued at $590,435,000 after acquiring an additional 756,972 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in Hewlett Packard Enterprise in the second quarter valued at approximately $512,721,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company Profile

(Get Free Report)

Hewlett Packard Enterprise Company (NYSE:HPE) is a global technology company that provides information technology solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and modernize data centers, hybrid cloud environments and edge computing operations.

HPE’s portfolio includes enterprise servers and compute systems, data storage, networking products, high-performance computing and artificial intelligence infrastructure.