Hewlett Packard Enterprise (NYSE:HPE) Given New $26.00 Price Target at Barclays

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its price objective lifted by research analysts at Barclays from $24.00 to $26.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. Barclays's target price would suggest a potential upside of 21.61% from the company's current price.

Several other research firms also recently commented on HPE. Raymond James Financial upped their price target on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research report on Wednesday, June 4th. Loop Capital boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, June 9th. Bank of America raised their target price on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $17.00 to $22.00 in a research note on Tuesday, May 20th. Finally, Susquehanna dropped their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.69.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $21.38 on Thursday. The company has a market capitalization of $28.06 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The stock's fifty day moving average is $17.71 and its two-hundred day moving average is $18.63. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released 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 firm had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same period in the prior year, the firm posted $0.42 earnings per share. The firm's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts expect that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The disclosure for this sale can be found here. Insiders have sold 134,999 shares of company stock worth $2,520,534 over the last ninety days. 0.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several large investors have recently made changes to their positions in the company. Korea Investment CORP increased its position in Hewlett Packard Enterprise by 8.3% in the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock valued at $21,434,000 after acquiring an additional 77,244 shares during the period. Sowell Financial Services LLC bought a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at about $301,000. Proficio Capital Partners LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $3,598,000. Atria Investments Inc lifted its holdings in Hewlett Packard Enterprise by 24.3% in the fourth quarter. Atria Investments Inc now owns 24,843 shares of the technology company's stock worth $530,000 after purchasing an additional 4,864 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Hewlett Packard Enterprise by 2.3% in the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after buying an additional 699 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

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.

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