Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $27.00 at Barclays

Key Points

• Hewlett Packard Enterprise's price target has been raised by Barclays from $26.00 to $27.00, indicating a potential upside of 7.80% from its current price.
• Analysts remain optimistic, with a variety of ratings including a "buy" from Citigroup, which increased its target to $28.00, and JPMorgan setting a target of $30.00.
• Hewlett Packard Enterprise reported a quarterly revenue increase of 19.8% year-over-year, totaling $9.14 billion, despite earnings per share missing estimates.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its price objective increased by research analysts at Barclays from $26.00 to $27.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the technology company's stock. Barclays's price target would indicate a potential upside of 7.80% from the company's current price.

HPE has been the subject of a number of other reports. Citigroup lifted their price target on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, October 6th. Bank of America upped their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. started coverage on Hewlett Packard Enterprise in a research note on Thursday, July 17th. They set an "overweight" rating and a $30.00 target price for the company. Sanford C. Bernstein started coverage on Hewlett Packard Enterprise in a research note on Tuesday, September 16th. They set a "market perform" rating and a $24.00 target price for the company. Finally, UBS Group upped their target price on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Hold" and a consensus target price of $25.13.

Hewlett Packard Enterprise Stock Up 0.2%

NYSE HPE opened at $25.05 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $26.44. The company has a 50 day moving average of $23.52 and a 200-day moving average of $19.77. The company has a market cap of $33.05 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 1.86 and a beta of 1.45.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.09). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The firm's quarterly revenue was up 19.8% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. On average, equities research analysts expect that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the sale, the chief executive officer owned 1,585,726 shares of the company's stock, valued at approximately $39,690,721.78. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the business's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Hewlett Packard Enterprise

A number of institutional investors have recently bought and sold shares of HPE. Elliott Investment Management L.P. bought a new stake in Hewlett Packard Enterprise during the second quarter valued at $381,004,000. National Bank of Canada FI boosted its position in Hewlett Packard Enterprise by 1,369.1% during the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock valued at $251,192,000 after acquiring an additional 15,171,314 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Hewlett Packard Enterprise by 3,847.1% during the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company's stock valued at $180,599,000 after acquiring an additional 8,607,523 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Hewlett Packard Enterprise by 192.4% during the second quarter. Schroder Investment Management Group now owns 10,599,242 shares of the technology company's stock valued at $216,754,000 after purchasing an additional 6,974,083 shares during the period. Finally, Norges Bank acquired a new position in shares of Hewlett Packard Enterprise during the second quarter valued at about $110,093,000. Institutional investors own 80.78% of the company's stock.

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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