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

Hewlett Packard Enterprise (NYSE:HPE) had its price objective lowered by investment analysts at Citigroup from $28.00 to $26.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 17.30% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They issued a “buy” rating and a $31.00 price target on the stock. Argus lifted their price target on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Friday, December 26th. Piper Sandler began coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 22nd. They set a “neutral” rating and a $24.00 target price on the stock. Finally, Zacks Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus target price of $25.41.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE traded down $0.53 during trading on Tuesday, reaching $22.17. 3,412,903 shares of the company traded hands, compared to its average volume of 17,197,887. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $26.44. The company’s 50 day moving average is $23.04 and its two-hundred day moving average is $23.04. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $29.45 billion, a PE ratio of -369.26, a PEG ratio of 0.62 and a beta of 1.33.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Thursday, December 4th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.91 billion. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. 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, sell-side analysts predict that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 26,457 shares of Hewlett Packard Enterprise stock in a transaction on Monday, December 29th. The shares were sold at an average price of $24.49, for a total value of $647,931.93. Following the completion of the sale, the chief executive officer owned 2,101,761 shares of the company’s stock, valued at approximately $51,472,126.89. This trade represents a 1.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maeve C. Culloty sold 35,958 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $24.66, for a total value of $886,724.28. The disclosure for this sale is available in the SEC filing. Insiders have sold 585,537 shares of company stock worth $14,255,864 over the last quarter. 0.44% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors have recently added to or reduced their stakes in HPE. Empowered Funds LLC boosted its position in shares of Hewlett Packard Enterprise by 317.3% in the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock valued at $2,312,000 after acquiring an additional 113,906 shares during the period. Geneos Wealth Management Inc. grew its stake in Hewlett Packard Enterprise by 44.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after purchasing an additional 1,377 shares during the period. IFP Advisors Inc lifted its holdings in shares of Hewlett Packard Enterprise by 48.4% during the second quarter. IFP Advisors Inc now owns 3,283 shares of the technology company’s stock valued at $67,000 after purchasing an additional 1,071 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at about $2,419,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Hewlett Packard Enterprise by 2.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,032,693 shares of the technology company’s stock worth $21,918,000 after purchasing an additional 26,395 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

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.