Hewlett Packard Enterprise (NYSE:HPE) Lowered to Hold at StockNews.com

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday.

A number of other equities research analysts have also weighed in on the company. Barclays lowered their price objective on Hewlett Packard Enterprise from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Friday, March 1st. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $17.00 price target (down from $21.00) on shares of Hewlett Packard Enterprise in a report on Friday, March 1st. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Stifel Nicolaus dropped their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Friday, March 1st. Finally, Evercore ISI reduced their price target on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating on the stock in a research report on Friday, March 1st. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $17.45.

Hewlett Packard Enterprise Stock Down 0.3 %

Shares of HPE traded down $0.06 during mid-day trading on Thursday, reaching $17.94. 11,073,563 shares of the stock traded hands, compared to its average volume of 15,434,159. The stock has a fifty day simple moving average of $16.66 and a 200 day simple moving average of $16.41. Hewlett Packard Enterprise has a 12-month low of $13.65 and a 12-month high of $20.07. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The firm has a market cap of $23.32 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 3.36 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The business's revenue was down 13.5% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. Sell-side analysts expect that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. Park Avenue Securities LLC boosted its holdings in shares of Hewlett Packard Enterprise by 11.4% during the first quarter. Park Avenue Securities LLC now owns 21,840 shares of the technology company's stock valued at $387,000 after acquiring an additional 2,228 shares during the period. American National Bank lifted its position in Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company's stock valued at $35,000 after purchasing an additional 920 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in Hewlett Packard Enterprise by 14.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 292,040 shares of the technology company's stock valued at $5,178,000 after purchasing an additional 36,048 shares during the period. Czech National Bank grew its position in Hewlett Packard Enterprise by 1.8% in the 1st quarter. Czech National Bank now owns 228,736 shares of the technology company's stock worth $4,055,000 after purchasing an additional 4,050 shares during the last quarter. Finally, Perpetual Ltd increased its stake in shares of Hewlett Packard Enterprise by 3.2% in the first quarter. Perpetual Ltd now owns 42,818 shares of the technology company's stock valued at $759,000 after purchasing an additional 1,327 shares during the period. 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.

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