Citigroup Lowers Hewlett Packard Enterprise (NYSE:HPE) Price Target to $26.00

Hewlett Packard Enterprise (NYSE:HPE) had its price objective reduced by research analysts at Citigroup from $28.00 to $26.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 20.57% from the stock’s previous close.

A number of other research firms have also issued reports on HPE. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Friday, December 26th. The Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, January 13th. They set a “buy” rating and a $31.00 target price for the company. Argus boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Piper Sandler began coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 price target on the stock. Finally, Zacks Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.29.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $21.57 on Tuesday. The company has a market cap of $28.66 billion, a price-to-earnings ratio of -359.36, a PEG ratio of 0.60 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.01 and a quick ratio of 0.76. The stock’s fifty day moving average price is $22.91 and its 200 day moving average price is $23.05. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, December 4th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.91 billion. During the same quarter in the previous year, the business earned $0.58 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.250-2.450 EPS and its Q1 2026 guidance at 0.570-0.610 EPS. As a group, equities research analysts forecast that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Maeve C. Culloty sold 35,958 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $24.66, for a total transaction of $886,724.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jeremy Cox sold 13,463 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $24.68, for a total transaction of $332,266.84. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 585,537 shares of company stock valued at $14,255,864. 0.44% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Mcintyre Freedman & Flynn Investment Advisers Inc. raised its holdings in shares of Hewlett Packard Enterprise by 743.7% in the 2nd quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 153,975 shares of the technology company’s stock valued at $3,149,000 after purchasing an additional 135,725 shares in the last quarter. Caxton Associates LLP increased its holdings in Hewlett Packard Enterprise by 106.8% in the second quarter. Caxton Associates LLP now owns 179,024 shares of the technology company’s stock valued at $3,661,000 after buying an additional 92,438 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Hewlett Packard Enterprise in the second quarter valued at $2,522,000. Swiss National Bank lifted its holdings in Hewlett Packard Enterprise by 7.2% during the 2nd quarter. Swiss National Bank now owns 3,976,300 shares of the technology company’s stock worth $81,315,000 after buying an additional 266,600 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 118.8% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 145,232 shares of the technology company’s stock worth $3,567,000 after acquiring an additional 78,859 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

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.