Hewlett Packard Enterprise (NYSE:HPE) Now Covered by Analysts at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein has initiated coverage of Hewlett Packard Enterprise (HPE) with a "market perform" rating and a price target of $24.00, indicating a potential downside of 3.26% from its current price.
• Multiple research firms have recently adjusted their price targets for HPE, with Deutsche Bank, Citigroup, and Barclays all increasing their targets to $26.00, reflecting positive sentiment with several "buy" ratings issued.
• CEO Antonio F. Neri sold 166,666 shares of HPE stock, a transaction valued at approximately $3.75 million, contributing to insider sales totaling over $10 million in the last 90 days.

Equities researchers at Sanford C. Bernstein began coverage on shares of Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) in a report issued on Tuesday,Briefing.com Automated Import reports. The firm set a "market perform" rating and a $24.00 price target on the technology company's stock. Sanford C. Bernstein's target price would indicate a potential downside of 3.26% from the company's current price.

A number of other research firms have also weighed in on HPE. Deutsche Bank Aktiengesellschaft upped their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Citigroup upped their target price on shares of Hewlett Packard Enterprise from $25.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Barclays upped their target price on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Wells Fargo & Company upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 4th. Finally, Bank of America upped their target price on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $24.81.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $24.81 on Tuesday. The firm's 50 day simple moving average is $21.67 and its 200 day simple moving average is $18.53. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $32.74 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 2.54 and a beta of 1.43. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $25.10.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. The trade was a 7.99% decrease in their ownership of the stock. 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 dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 461,924 shares of company stock valued at $10,110,183. Insiders own 0.36% of the company's stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Hedge funds have recently modified their holdings of the company. Putney Financial Group LLC purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $25,000. Alpine Bank Wealth Management bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $25,000. Bruce G. Allen Investments LLC boosted its stake 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 purchasing an additional 1,318 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $26,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $27,000. Hedge funds and other institutional investors 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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