Hewlett Packard Enterprise (NYSE:HPE) Now Covered by Analysts at The Goldman Sachs Group

Equities researchers at The Goldman Sachs Group started coverage on shares of Hewlett Packard Enterprise (NYSE:HPE) in a research note issued on Tuesday. The brokerage set a “buy” rating and a $31.00 price target on the technology company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 38.24% from the company’s current price.

Several other equities research analysts have also recently commented on HPE. Argus raised their target price on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Barclays lifted their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Citigroup boosted their target price on shares of Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 6th. Zacks Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Piper Sandler initiated coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $25.53.

Hewlett Packard Enterprise Stock Performance

HPE stock traded up $0.33 during midday trading on Tuesday, reaching $22.43. 2,478,029 shares of the company’s stock traded hands, compared to its average volume of 17,296,768. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $26.44. The firm has a market capitalization of $29.93 billion, a PE ratio of -374.19, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.01. The company has a 50-day moving average price of $23.10 and a two-hundred day moving average price of $22.79.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, December 4th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. The company had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.91 billion. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. Hewlett Packard Enterprise’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 business earned $0.58 earnings per share. 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 analysts anticipate that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Insider Activity

In other news, SVP Jeremy Cox sold 13,463 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $24.68, for a total value of $332,266.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Fidelma Russo sold 126,512 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $24.61, for a total transaction of $3,113,460.32. Following the sale, the executive vice president owned 51,002 shares of the company’s stock, valued at $1,255,159.22. The trade was a 71.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 585,537 shares of company stock valued at $14,255,864. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. TFC Financial Management Inc. lifted its stake in Hewlett Packard Enterprise by 2,694.4% in the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock worth $25,000 after acquiring an additional 970 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Hewlett Packard Enterprise by 176.7% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after purchasing an additional 666 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth about $26,000. CVA Family Office LLC raised its position in Hewlett Packard Enterprise by 126.7% in the 2nd 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 last quarter. Finally, Chilton Capital Management LLC purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter worth approximately $30,000. 80.78% of the stock is currently 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.