Hewlett Packard Enterprise ( HPE ) shares are up on Wednesday. On Tuesday, the company introduced sweeping security advancements to enhance AI adoption and strengthen enterprise resilience.

This positive movement comes as broader markets are experiencing gains, with major indices like the Nasdaq and S&P 500 showing upward trends.

Launches Juniper SRX400 AI Security

The innovation is aimed at helping organizations scale distributed operations and reduce cyber risks as AI adoption accelerates.

HPE introduced the HPE Juniper Networking SRX400 Series Firewalls, enhancing its hybrid mesh security architecture to provide comprehensive protection across cloud, core, and edge environments.

These advancements are designed to support organizations in managing AI workloads securely, with built-in zero trust and shared visibility features.

The new capabilities aim to improve governance over AI usage and enhance threat intelligence through the expansion of HPE Threat Labs, which will now incorporate additional networking telemetry to deliver real-time insights.

HPE Is Up 11.8% Above 20-Day SMA

The broader market saw gains on Tuesday, with the Technology sector rising 1.20%. HPE’s upward movement aligns with this positive trend, indicating that the stock is benefiting from favorable market conditions.

The stock is currently trading 11.8% above its 20-day simple moving average (SMA) and 7.5% above its 100-day SMA, demonstrating longer-term strength.

Shares have increased 44.67% over the past 12 months and are currently positioned closer to their 52-week highs than lows.

The RSI is at 65.99, which is considered neutral territory, while the MACD is at 0.1780, above its signal line at -0.0510, indicating bullish momentum. The combination of neutral RSI and bullish MACD suggests mixed momentum.

Key Resistance: $25.00

Key Support: $20.00

Earnings Snapshot

This month, Hewlett-Packard ( HPE ) reported quarterly earnings of 65 cents per share, which beat the consensus estimate of 55 cents. Revenue came in at $9.301 billion, which just missed the Street estimate of $9.337 billion.

Hewlett raised its fiscal-year adjusted earnings per share guidance from between $2.25 and $2.45 to between $2.30 and $2.50, versus the consensus estimate of $2.35. It affirmed its fiscal-year revenue guidance of $40.12 billion and $41.84 billion, versus the consensus estimate of $40.82 billion.

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $26.50. Recent analyst moves include:

Citigroup: Buy (Raises Target to $27.00) (Mar. 11)

Morgan Stanley: Equal-Weight (Raises Target to $25.00) (Mar. 10)

B of A Securities: Buy (Raises Target to $32.00) (Mar. 10)

ETFs Exposure

VanEck Preferred Securities ex Financials ETF ( PFXF ) : 2.97% Weight

SPDR Russell 1000 Yield Focus ETF : 1.12% Weight

Nuveen ESG Mid-Cap Value ETF : 1.83% Weight

HPE Price Action: Hewlett Packard ( HPE ) shares were up 7.57% at $25.71 at the time of publication on Wednesday. The stock is approaching its 52-week high of $26.44, according to Benzinga Pro data.