Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $74.00

Hewlett Packard Enterprise (NYSE:HPE) had its price objective hoisted by analysts at Citigroup from $70.00 to $74.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 55.24% from the stock’s previous close.

HPE has been the topic of a number of other research reports. Morgan Stanley lifted their target price on shares of Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. raised their price objective on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Susquehanna upped their target price on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company raised their target price on Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.31.

Hewlett Packard Enterprise Trading Down 1.0%

HPE opened at $47.67 on Friday. The business has a 50 day simple moving average of $44.83 and a two-hundred day simple moving average of $31.27. The firm has a market capitalization of $63.12 billion, a price-to-earnings ratio of 44.55, a PEG ratio of 0.52 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. Hewlett Packard Enterprise has a one year low of $19.64 and a one year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The firm had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same period last year, the company earned ($0.82) EPS. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. 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. Analysts predict that Hewlett Packard Enterprise will post 2.88 EPS for the current year.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,482 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total transaction of $188,626.20. Following the sale, the director directly owned 8,018 shares in the company, valued at approximately $233,323.80. This trade represents a 44.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 118,850 shares of company stock valued at $3,908,125. 0.44% of the stock is owned by insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several large investors have recently bought and sold shares of HPE. Headlands Technologies LLC purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $26,000. SJS Investment Consulting Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 159.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after acquiring an additional 716 shares during the last quarter. Union Savings Bank purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $30,000. Reflection Asset Management bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $31,000. Finally, Thompson Investment Management Inc. purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $34,000. 80.78% of the stock is currently 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.