Hewlett Packard Enterprise (NYSE:HPE) Given New $23.00 Price Target at Morgan Stanley

Hewlett Packard Enterprise (NYSE:HPE) had its price objective decreased by stock analysts at Morgan Stanley from $25.00 to $23.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s target price points to a potential upside of 5.05% from the company’s current price.

A number of other brokerages have also commented on HPE. Argus raised their price target on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. The Goldman Sachs Group started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price for the company. Piper Sandler assumed coverage on shares of 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. Zacks Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Friday, December 26th. One investment 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. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $25.29.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded down $0.08 on Wednesday, hitting $21.90. The stock had a trading volume of 5,577,432 shares, compared to its average volume of 17,160,867. The company’s 50-day moving average is $22.98 and its two-hundred day moving average is $23.06. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $26.44. The stock has a market cap of $29.09 billion, a price-to-earnings ratio of -364.86, a P/E/G ratio of 0.62 and a beta of 1.33. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Thursday, December 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.91 billion. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $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. On average, analysts expect that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Maeve C. Culloty sold 35,958 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $24.66, for a total transaction of $886,724.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kirt P. Karros sold 36,460 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $24.61, for a total transaction of $897,280.60. Following the completion of the transaction, the senior vice president owned 18,785 shares in the company, valued at approximately $462,298.85. This trade represents a 66.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 585,537 shares of company stock worth $14,255,864. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

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

Hewlett Packard Enterprise Company Profile

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.