Hewlett Packard Enterprise (NYSE:HPE) Lowered to "Sell" Rating by Wall Street Zen

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

A number of other equities analysts have also recently issued reports on the company. UBS Group raised their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Raymond James Financial lifted their price objective on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a report on Wednesday, June 4th. Susquehanna cut their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $21.85.

Hewlett Packard Enterprise Trading Up 0.3%

Hewlett Packard Enterprise stock traded up $0.07 during mid-day trading on Friday, hitting $21.32. The stock had a trading volume of 12,296,572 shares, compared to its average volume of 16,798,132. The stock has a 50-day simple moving average of $17.91 and a two-hundred day simple moving average of $18.62. The stock has a market capitalization of $27.97 billion, a PE ratio of 21.53, a P/E/G ratio of 3.09 and a beta of 1.35. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. 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 (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. The business had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. As a group, sell-side analysts forecast that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Insider Buying and Selling

In related news, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president directly owned 42,427 shares of the company's stock, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was 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 have sold a total of 128,590 shares of company stock worth $2,436,000 over the last three months. 0.36% of the stock is owned by insiders.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors have recently modified their holdings of the stock. Putney Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $25,000. Alpine Bank Wealth Management bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $25,000. Bruce G. Allen Investments LLC lifted its position in shares of Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,318 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $27,000. Finally, Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $28,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Company Profile

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.