UBS Group Issues Positive Forecast for Hewlett Packard Enterprise (NYSE:HPE) Stock Price

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its target price increased by investment analysts at UBS Group from $16.00 to $18.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. UBS Group's target price points to a potential upside of 1.27% from the stock's previous close.

HPE has been the subject of a number of other research reports. Bank of America lowered their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Morgan Stanley lifted their price objective on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Daiwa America lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Susquehanna lowered their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Loop Capital cut their price objective on 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. 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, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average target price of $21.33.

Hewlett Packard Enterprise Trading Down 0.4%

Hewlett Packard Enterprise stock traded down $0.07 during trading on Wednesday, reaching $17.78. 23,708,464 shares of the company were exchanged, compared to its average volume of 17,021,223. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The stock's 50 day simple moving average is $16.09 and its two-hundred day simple moving average is $19.08. The company has a market capitalization of $23.35 billion, a P/E ratio of 9.36, a PEG ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Hewlett Packard Enterprise's quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts expect that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the company'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 filing with the SEC, which is available through this link. Company 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 modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $238,000. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Hewlett Packard Enterprise by 7.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 40,889 shares of the technology company's stock valued at $873,000 after acquiring an additional 2,658 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $561,000. CENTRAL TRUST Co increased its stake in shares of Hewlett Packard Enterprise by 17.3% during the 4th quarter. CENTRAL TRUST Co now owns 11,404 shares of the technology company's stock valued at $243,000 after acquiring an additional 1,681 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of Hewlett Packard Enterprise by 6.2% during the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock valued at $161,000 after acquiring an additional 440 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

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.