Barclays Issues Positive Forecast for Hewlett Packard Enterprise (NYSE:HPE) Stock Price

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its price objective increased by stock analysts at Barclays from $20.00 to $24.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. Barclays's target price points to a potential upside of 32.45% from the company's previous close.

HPE has been the subject of several other research reports. Wall Street Zen cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Wells Fargo & Company decreased their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Susquehanna reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Loop Capital lowered their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a report on Monday, March 10th. Finally, Morgan Stanley lifted 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 report on Tuesday, May 20th. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.50.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock traded up $0.36 during trading hours on Wednesday, reaching $18.12. The company had a trading volume of 14,257,590 shares, compared to its average volume of 16,937,338. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market capitalization of $23.80 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 2.03 and a beta of 1.31. The stock has a fifty day moving average of $16.18 and a 200-day moving average of $19.03.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. The firm had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter last year, the company posted $0.42 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HPE. Putney Financial Group LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $25,000. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $28,000. Ameriflex Group Inc. acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $31,000. Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $32,000. Finally, Alpine Bank Wealth Management acquired a new position in Hewlett Packard Enterprise during the first quarter worth about $25,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.