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Hewlett Packard Enterprise (NYSE:HPE) Stock Price Expected to Rise, UBS Group Analyst Says

Hewlett Packard Enterprise logo with Computer and Technology background

Key Points

  • UBS Group has raised its price target for Hewlett Packard Enterprise's stock from $23.00 to $25.00, indicating a potential upside of 10.54%.
  • The company reported $9.14 billion in revenue for the last quarter, exceeding analysts' expectations, although its earnings per share of $0.35 fell short of the consensus estimate.
  • Overall, HPE has a consensus rating of "Hold" with one Strong Buy, eight Buy, and twelve Hold ratings among analysts.
  • Five stocks we like better than Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its price objective hoisted by investment analysts at UBS Group from $23.00 to $25.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. UBS Group's price objective points to a potential upside of 10.54% from the company's previous close.

A number of other equities research analysts also recently issued reports on the company. The Goldman Sachs Group upped their price objective on Hewlett Packard Enterprise from $27.00 to $31.00 and gave the company a "neutral" rating in a research report on Thursday. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. Citigroup increased their price objective on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 8th. Finally, Evercore ISI increased their target price on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $25.50.

View Our Latest Stock Report on Hewlett Packard Enterprise

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded down $2.42 during trading hours on Thursday, hitting $22.62. The stock had a trading volume of 56,842,946 shares, compared to its average volume of 20,250,963. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $26.44. The firm has a market capitalization of $29.84 billion, a PE ratio of 27.60, a PEG ratio of 1.86 and a beta of 1.45. The stock has a fifty day moving average price of $23.52 and a 200 day moving average price of $19.77.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $9.14 billion for the quarter, compared to analysts' expectations of $8.77 billion. During the same period in the prior year, the firm earned $0.50 EPS. Hewlett Packard Enterprise's revenue for the quarter was up 19.8% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Analysts anticipate that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Maeve C. Culloty sold 3,738 shares of the business's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the sale, the chief executive officer directly owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. The trade was a 7.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 543,738 shares of company stock worth $12,922,932 in the last ninety days. Insiders own 0.36% of the company's stock.

Institutional Trading of Hewlett Packard Enterprise

Several institutional investors have recently made changes to their positions in HPE. Headlands Technologies LLC purchased a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $26,000. CVA Family Office LLC raised its position in Hewlett Packard Enterprise by 126.7% in the second quarter. CVA Family Office LLC now owns 1,437 shares of the technology company's stock valued at $29,000 after purchasing an additional 803 shares during the period. Alpine Bank Wealth Management purchased a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $25,000. Hantz Financial Services Inc. raised its position in Hewlett Packard Enterprise by 74.4% in the second quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company's stock valued at $33,000 after purchasing an additional 687 shares during the period. Finally, Corsicana & Co. purchased a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

About Hewlett Packard Enterprise

(Get Free Report)

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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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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