Analysts Boost Hewlett Packard Enterprise Stock Target Price to $30

Hewlett Packard Enterprise (NYSE:HPE) has received a significant boost from analysts at Raymond James Financial, who raised the target price from $29.00 to $30.00. This adjustment, noted in a report issued to investors on Thursday, reflects a “strong-buy” rating for the technology company’s stock. The new price target indicates a potential upside of 27.5% based on HPE’s current market value.

This upward revision is part of a broader trend, as multiple financial analysts have reassessed HPE’s stock recently. For instance, Wall Street Zen upgraded HPE from a “sell” rating to a “hold” rating on July 13, while Citigroup initiated coverage on July 25, assigning a “buy” rating with a target price of $25.00. Additionally, Bank of America increased its target price from $24.00 to $25.00 and maintained a “buy” rating.

Recent Earnings and Analyst Consensus

Hewlett Packard Enterprise reported its earnings results on June 3, revealing an earnings per share (EPS) of $0.38, surpassing the consensus estimate of $0.33 by $0.05. The company achieved a revenue of $7.63 billion for the quarter, exceeding analyst expectations of $7.51 billion. This represented a year-over-year revenue increase of 5.9%, although the EPS was down from $0.42 in the same quarter the previous year.

According to MarketBeat.com, analysts currently have a consensus rating of “Moderate Buy” for HPE, with an average target price of $24.87. The stock has garnered one “Strong Buy” rating, eight “Buy” ratings, and nine “Hold” ratings from various research analysts.

Insider Transactions and Institutional Holdings

In recent insider activity, Executive Vice President Phil Mottram sold 30,000 shares on June 30 for an average price of $20.54, totaling $616,200. This sale reduced his ownership to 42,427 shares, valued at approximately $871,450.58, marking a 41.42% decrease in his stake.

Similarly, CEO Antonio F. Neri sold 166,666 shares on August 22 at an average price of $22.52, amounting to a total of $3,753,318.32. Following this transaction, Neri retains 1,919,060 shares in the company. Over the last quarter, insiders collectively disposed of 461,924 shares, valued at $10,110,183, with insiders now holding 0.36% of the stock.

Institutional investors have also been active, with hedge funds adjusting their stakes in the company. For example, Putney Financial Group LLC acquired a new position valued at approximately $25,000 in the fourth quarter, while CVA Family Office LLC increased its holdings by 126.7% during the second quarter, now owning 1,437 shares worth about $29,000.

Hewlett Packard Enterprise continues to be a key player in technology solutions across multiple regions, including the Americas, Europe, and Asia Pacific. The company operates in six primary segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments.

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