Mon Sep 23 21:20:44 UTC 2024: ## Hewlett Packard Enterprise (HPE) Receives Mixed Analyst Ratings, Stock Price Rises

**New York, NY – September 23, 2024** – Hewlett Packard Enterprise (HPE) has received mixed analyst ratings, with some analysts expressing cautious optimism while others remain neutral. Citigroup initiated coverage on HPE with a “neutral” rating and a price target of $20.00, suggesting a potential 6.21% upside from the current price. This comes on the heels of several other analysts adjusting their price targets on HPE.

UBS Group raised its price target from $17.00 to $19.00, also maintaining a “neutral” rating. Meanwhile, Evercore ISI boosted its price target from $18.00 to $22.00, assigning an “in-line” rating. Susquehanna reiterated a “neutral” rating and issued a $20.00 target price.

Sanford C. Bernstein raised its price target from $17.00 to $19.00 with a “market perform” rating, while Wells Fargo & Company boosted its price objective from $19.00 to $22.00 and assigned an “equal weight” rating.

Overall, nine equities research analysts have rated the stock with a hold rating and five have given a buy rating, resulting in an average rating of “Hold” and a consensus target price of $21.00.

HPE recently reported strong quarterly earnings, exceeding analyst expectations. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Revenue also surpassed expectations, reaching $7.71 billion compared to analyst estimates of $7.67 billion.

Despite the positive earnings report, the company experienced insider selling activity. EVP Neil B. Macdonald sold 29,000 shares of HPE stock for a total transaction of $493,000.00.

Institutional investors continue to show interest in HPE. Vanguard Group Inc., Pacer Advisors Inc., Dimensional Fund Advisors LP, Legal & General Group Plc, and Bank of New York Mellon Corp all increased their holdings in the company during recent quarters. 80.78% of the stock is currently owned by institutional investors and hedge funds.

HPE continues to provide solutions for customers in the areas of data capture, analysis, and action across various regions. The company’s future performance will be closely watched as analysts continue to monitor its progress in the technology sector.

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