Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $27.00

Key Points

• Analysts at Goldman Sachs have raised the price target for Hewlett Packard Enterprise from $25.00 to $27.00, suggesting an 8.34% potential upside from the previous closing price.
• A variety of brokerages have recently issued ratings for HPE, with a consensus average rating of "Moderate Buy" and a target price of $24.94.
• Hewlett Packard Enterprise has seen significant insider selling, with EVP Maeve C. Culloty and CEO Antonio F. Neri selling over 170,000 shares combined in recent transactions.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its price target lifted by analysts at The Goldman Sachs Group from $25.00 to $27.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. The Goldman Sachs Group's target price points to a potential upside of 8.34% from the company's previous close.

A number of other brokerages have also recently weighed in on HPE. Susquehanna boosted their price objective on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. UBS Group upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th. Evercore ISI increased their price target on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. KeyCorp started coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus target price of $24.94.

Hewlett Packard Enterprise Stock Up 1.5%

Hewlett Packard Enterprise stock opened at $24.92 on Thursday. The company has a market capitalization of $32.88 billion, a P/E ratio of 30.39, a PEG ratio of 2.56 and a beta of 1.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $25.36. The stock has a 50-day simple moving average of $22.60 and a 200-day simple moving average of $19.16.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Maeve C. Culloty sold 3,738 shares of the business's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 1,919,060 shares of the company's stock, valued at $43,217,231.20. This represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 543,738 shares of company stock valued at $12,922,932 over the last ninety days. Corporate insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. Elliott Investment Management L.P. purchased a new position in Hewlett Packard Enterprise in the second quarter valued at about $381,004,000. National Bank of Canada FI grew its holdings in shares of Hewlett Packard Enterprise by 1,369.1% in the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after acquiring an additional 15,171,314 shares during the period. Assenagon Asset Management S.A. increased its stake in Hewlett Packard Enterprise by 3,847.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company's stock valued at $180,599,000 after purchasing an additional 8,607,523 shares in the last quarter. Schroder Investment Management Group raised its holdings in Hewlett Packard Enterprise by 192.4% during the second quarter. Schroder Investment Management Group now owns 10,599,242 shares of the technology company's stock worth $216,754,000 after purchasing an additional 6,974,083 shares during the last quarter. Finally, Norges Bank acquired a new position in Hewlett Packard Enterprise during the second quarter worth $110,093,000. Institutional investors and hedge funds own 80.78% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.