Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $92.00

Hewlett Packard Enterprise (NYSE:HPE) had its price target lifted by research analysts at Citigroup from $76.00 to $92.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup’s price target would suggest a potential upside of 42.91% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on HPE. Truist Financial reissued a “buy” rating and issued a $75.00 price target (up from $70.00) on shares of Hewlett Packard Enterprise in a research note on Thursday. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 30th. Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $54.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday. Raymond James Financial upped their target price on shares of Hewlett Packard Enterprise from $74.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, September 1st. They set a “buy” rating and a $62.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.88.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded up $0.49 on Thursday, hitting $64.38. The company had a trading volume of 9,965,564 shares, compared to its average volume of 21,287,063. Hewlett Packard Enterprise has a twelve month low of $19.84 and a twelve month high of $67.10. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 0.65. The firm has a market cap of $85.46 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 0.55 and a beta of 1.43. The company has a 50-day moving average price of $55.04 and a 200-day moving average price of $42.75.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%.The company had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.97 billion. During the same quarter in the prior year, the business posted $0.44 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 33.7% on a year-over-year basis. 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. As a group, equities research analysts predict that Hewlett Packard Enterprise will post 3.33 earnings per share for the current fiscal year.

Insider Activity at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 17,000 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $56.91, for a total transaction of $967,470.00. Following the completion of the sale, the director owned 65,072 shares in the company, valued at approximately $3,703,247.52. This represents a 20.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Antonio Neri sold 250,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $60.44, for a total transaction of $15,110,000.00. Following the transaction, the chief executive officer directly owned 1,432,393 shares of the company’s stock, valued at $86,573,832.92. This represents a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by company insiders.

Institutional Trading of Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently added to or reduced their stakes in HPE. CIBC Asset Management Inc grew its stake in shares of Hewlett Packard Enterprise by 60.2% during the fourth quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock worth $8,111,000 after purchasing an additional 126,938 shares during the period. Irenic Capital Management LP acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at approximately $18,691,000. Assenagon Asset Management S.A. lifted its position in Hewlett Packard Enterprise by 387.9% during the second quarter. Assenagon Asset Management S.A. now owns 1,240,000 shares of the technology company’s stock worth $55,936,000 after acquiring an additional 985,829 shares during the last quarter. State of Wyoming acquired a new stake in Hewlett Packard Enterprise during the second quarter worth about $1,271,000. Finally, Sapient Capital LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $987,000. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise News Summary

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: $1.2 billion Vultr order: HPE secured its first order for AMD Helios AI Rack systems from cloud provider Vultr. The systems will be deployed across Vultr’s U.S. data centers, providing a significant customer win for HPE’s AI servers, networking hardware and related software. HPE Secures Its First AMD Helios Order in $1.2 Billion Deal With Vultr
• Positive Sentiment: Networking outlook raised: At its Networking Investor Day, HPE highlighted stronger long-term growth opportunities in data-center networking, routing, campus and branch networking, and security, with AI demand serving as a key growth driver. HPE boosts networking growth outlook, gets $1.2 billion AI order
• Positive Sentiment: Analyst target increases: Barclays raised its target to $83 from $79 and maintained an overweight rating. Truist lifted its target to $75 from $70 while reaffirming buy, and Morgan Stanley raised its target to $72 from $67 with an overweight rating. These revisions suggest analysts see additional upside from AI infrastructure and networking growth.
• Neutral Sentiment: Mixed analyst view: UBS raised its target to $66 from $59 but kept a neutral rating, while Wells Fargo increased its target to $63 from $54 and maintained equal weight. Their targets indicate that some analysts believe much of HPE’s recent rally and AI optimism is already reflected in the valuation. HPE Networking Outlook Gets Boost as Barclays, Citi and Wells Fargo Raise Price Targets

About Hewlett Packard Enterprise

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

HPE’s portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.