Hewlett Packard Enterprise (NYSE:HPE) Upgraded at Wall Street Zen

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Sunday.

Several other equities research analysts have also recently issued reports on HPE. Barclays boosted their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Evercore ISI boosted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Friday. Bank of America boosted their price target on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Friday. Raymond James Financial boosted their price target on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research note on Wednesday, June 4th. Finally, KeyCorp assumed coverage on Hewlett Packard Enterprise in a research note on Thursday, June 26th. They set a "sector weight" rating for the company. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Hold" and an average price target of $22.15.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE traded down $0.57 during trading on Friday, reaching $20.72. 20,877,305 shares of the stock were exchanged, compared to its average volume of 17,070,948. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. The firm has a market cap of $27.19 billion, a PE ratio of 20.93, a PEG ratio of 2.99 and a beta of 1.35. The stock has a 50-day moving average price of $18.36 and a 200-day moving average price of $18.58. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) 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 analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The business's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. Research analysts expect that Hewlett Packard Enterprise will post 1.85 EPS for the current fiscal year.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 68,590 shares of the company'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 can be accessed through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the sale, the executive vice president owned 42,427 shares of the company's stock, valued at $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,590 shares of company stock valued at $2,436,000 over the last quarter. Company insiders own 0.36% of the company's stock.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors and hedge funds have recently bought and sold shares of the stock. Putney Financial Group LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $25,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $28,000. Ameriflex Group Inc. acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $31,000. Alpine Bank Wealth Management acquired a new stake in Hewlett Packard Enterprise during the 1st quarter worth about $25,000. Finally, Bruce G. Allen Investments LLC grew its holdings in 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 worth $26,000 after acquiring an additional 1,318 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.