Hewlett Packard Enterprise (NYSE:HPE) Earns Neutral Rating from Analysts at The Goldman Sachs Group

Analysts at The Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a "neutral" rating and a $22.00 price target on the technology company's stock. The Goldman Sachs Group's target price points to a potential upside of 6.25% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley increased their price objective on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Evercore ISI raised their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. Finally, Bank of America boosted their price target on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a report on Friday, July 11th. Eleven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $22.67.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $20.71 on Thursday. The firm has a fifty day simple moving average of $19.04 and a two-hundred day simple moving average of $18.52. The firm has a market cap of $27.17 billion, a PE ratio of 20.91, a P/E/G ratio of 2.25 and a beta of 1.35. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The company had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. Hewlett Packard Enterprise's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at $871,450.58. This represents a 41.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. Insiders sold 128,590 shares of company stock worth $2,436,000 in the last three months. Insiders own 0.36% of the company's stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Putney Financial Group LLC bought a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management purchased a new position in shares of Hewlett Packard Enterprise in the first quarter valued at $25,000. Bruce G. Allen Investments LLC increased its position in Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after purchasing an additional 1,318 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at $27,000. Finally, Hara Capital LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at $28,000. 80.78% of the stock is owned by institutional investors.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.