Citigroup Raises Hewlett Packard Enterprise (NYSE:HPE) Price Target to $28.00

Key Points

• Citigroup has raised its price target for Hewlett Packard Enterprise (NYSE:HPE) from $26.00 to $28.00, indicating a potential upside of 11.45% from the current price.
• Hewlett Packard Enterprise has seen multiple analysts upgrade their ratings, with an average rating of "Hold" and a current average price target of $25.06.
• Insider trading activity includes CEO Antonio F. Neri selling 166,666 shares, and overall, insiders sold a total of 543,738 shares in the last quarter.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its price target hoisted by Citigroup from $26.00 to $28.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Citigroup's target price would indicate a potential upside of 11.45% from the company's current price.

HPE has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft boosted their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an "equal weight" rating in a report on Thursday, September 4th. UBS Group upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Finally, Evercore ISI lifted their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $25.06.

Hewlett Packard Enterprise Stock Up 2.8%

Shares of HPE stock traded up $0.69 on Monday, hitting $25.12. The stock had a trading volume of 6,817,579 shares, compared to its average volume of 19,569,785. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $25.36. The firm has a market capitalization of $33.15 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 2.55 and a beta of 1.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The stock's 50 day moving average is $22.76 and its 200-day moving average is $19.32.

Insiders Place Their Bets

In related news, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the completion of the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at $43,217,231.20. This represents a 7.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the sale, the director owned 83,869 shares in the company, valued at $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several hedge funds have recently modified their holdings of HPE. Procyon Advisors LLC bought a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $571,000. Sivia Capital Partners LLC acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $164,000. CHICAGO TRUST Co NA increased its stake in shares of Hewlett Packard Enterprise by 4.1% during the 1st quarter. CHICAGO TRUST Co NA now owns 96,318 shares of the technology company's stock worth $1,486,000 after purchasing an additional 3,792 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 2.3% in the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock worth $492,000 after purchasing an additional 699 shares in the last quarter. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after purchasing an additional 1,318 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

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