Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $33.00

Hewlett Packard Enterprise (NYSE:HPE) had its price target increased by research analysts at Morgan Stanley from $25.00 to $33.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price target would indicate a potential downside of 2.27% from the stock’s current price.

HPE has been the subject of a number of other reports. Citigroup increased their price target on shares of Hewlett Packard Enterprise from $27.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Wall Street Zen cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Sunday. Truist Financial initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, March 31st. They issued a “buy” rating and a $31.00 price objective for the company. Raymond James Financial restated an “outperform” rating and issued a $29.00 price objective (down from $30.00) on shares of Hewlett Packard Enterprise in a research note on Monday, April 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $27.88.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $33.77 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $26.42 and a 200 day simple moving average of $23.93. The company has a market cap of $44.80 billion, a P/E ratio of -177.72, a P/E/G ratio of 0.84 and a beta of 1.28. Hewlett Packard Enterprise has a 1 year low of $17.02 and a 1 year high of $34.69.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same period in the prior year, the firm earned $0.49 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 18.4% compared to the same quarter last year. 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. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.96 EPS for the current year.

Insider Buying and Selling

In other news, EVP Fidelma Russo sold 34,001 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.08, for a total value of $852,745.08. Following the transaction, the executive vice president owned 17,001 shares of the company’s stock, valued at approximately $426,385.08. This trade represents a 66.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Neil B. Macdonald sold 112,652 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $25.09, for a total transaction of $2,826,438.68. Following the completion of the transaction, the executive vice president directly owned 56,494 shares in the company, valued at $1,417,434.46. This trade represents a 66.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 702,402 shares of company stock worth $18,440,171. 0.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Hewlett Packard Enterprise by 176.7% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock valued at $26,000 after buying an additional 666 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after buying an additional 716 shares in the last quarter. Chilton Capital Management LLC bought a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $30,000. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise in the second quarter valued at approximately $26,000. Finally, Union Savings Bank bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $30,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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.