Hewlett Packard Enterprise (NYSE:HPE) Stock Price Expected to Rise, Citigroup Analyst Says

Hewlett Packard Enterprise (NYSE:HPE) had its price objective hoisted by analysts at Citigroup from $27.00 to $39.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup’s target price would suggest a potential upside of 17.91% from the stock’s current price.

HPE has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. Truist Financial initiated coverage on Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They issued a “buy” rating and a $31.00 price objective on the stock. Morgan Stanley lifted their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 10th. Bank of America lifted their price objective on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.41.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $33.08 on Thursday. The business’s 50-day moving average price is $25.72 and its 200-day moving average price is $23.75. Hewlett Packard Enterprise has a 12 month low of $17.02 and a 12 month high of $34.69. The firm has a market capitalization of $43.89 billion, a price-to-earnings ratio of -174.08, a PEG ratio of 0.88 and a beta of 1.28. 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 announced its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $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. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.96 EPS for the current year.

Insider Activity

In related news, CEO Antonio F. Neri sold 150,000 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $26.50, for a total transaction 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. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Neil B. Macdonald sold 24,251 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $27.01, for a total value of $655,019.51. Following the sale, the executive vice president owned 32,243 shares of the company’s stock, valued at $870,883.43. This trade represents a 42.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 702,402 shares of company stock valued at $18,440,171. Corporate insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HPE. Annis Gardner Whiting Capital Advisors LLC grew its position in Hewlett Packard Enterprise by 176.7% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after purchasing an additional 666 shares in the last quarter. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter valued at $26,000. SJS Investment Consulting Inc. grew its stake in Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after purchasing an additional 716 shares during the period. Chilton Capital Management LLC bought a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $30,000. Finally, Union Savings Bank bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at $30,000. 80.78% of the stock is owned by institutional investors.

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.