Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $18.00 at Loop Capital

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its price target increased by stock analysts at Loop Capital from $16.00 to $18.00 in a report issued on Monday,Briefing.com Automated Import reports. The brokerage currently has a "hold" rating on the technology company's stock. Loop Capital's price target would indicate a potential downside of 1.93% from the company's previous close.

Several other equities analysts also recently commented on the stock. Susquehanna lowered 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 research report on Friday, March 7th. Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Raymond James 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 report on Wednesday, June 4th. Morgan Stanley raised their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Finally, UBS Group raised their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Eight investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.31.

Hewlett Packard Enterprise Stock Up 1.4%

Shares of HPE traded up $0.25 during midday trading on Monday, reaching $18.36. 3,215,545 shares of the stock were exchanged, compared to its average volume of 19,261,029. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.66. The firm has a 50 day simple moving average of $16.18 and a 200-day simple moving average of $19.00. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company has a market cap of $24.11 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 2.03 and a beta of 1.31.

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 for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 8.56%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $0.42 EPS. Research analysts forecast that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

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