Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) was upgraded by equities research analysts at Evercore ISI from an "in-line" rating to an "outperform" rating in a report issued on Tuesday,Finviz reports. The firm presently has a $22.00 price objective on the technology company's stock. Evercore ISI's price objective indicates a potential upside of 26.07% from the company's previous close.
Several other equities research analysts also recently commented on HPE. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a report on Wednesday, March 12th. Morgan Stanley lowered shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price target for the company. in a research note on Tuesday, April 8th. Loop Capital lowered their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Barclays dropped their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus target price of $20.60.
View Our Latest Report on Hewlett Packard Enterprise
Hewlett Packard Enterprise Stock Down 1.7%
Hewlett Packard Enterprise stock opened at $17.45 on Tuesday. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. The stock has a fifty day simple moving average of $15.71 and a two-hundred day simple moving average of $19.36. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market cap of $22.92 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 2.03 and a beta of 1.29.
Insider Activity
In other news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.36% of the company's stock.
Institutional Trading of Hewlett Packard Enterprise
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. Park Avenue Securities LLC lifted its stake in shares of Hewlett Packard Enterprise by 15.7% during the 4th quarter. Park Avenue Securities LLC now owns 35,258 shares of the technology company's stock worth $753,000 after acquiring an additional 4,774 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $504,000. Ballentine Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 1.4% during the fourth quarter. Ballentine Partners LLC now owns 65,918 shares of the technology company's stock valued at $1,407,000 after purchasing an additional 934 shares during the period. ARS Investment Partners LLC grew its holdings in shares of Hewlett Packard Enterprise by 3.2% in the fourth quarter. ARS Investment Partners LLC now owns 274,683 shares of the technology company's stock worth $5,864,000 after purchasing an additional 8,543 shares during the last quarter. Finally, Chesley Taft & Associates LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth about $390,000. 80.78% of the stock is owned by hedge funds and other institutional investors.
About Hewlett Packard Enterprise
(
Get Free Report)
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.
Further Reading
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