Weiss Ratings Reaffirms Hold (C) Rating for Hewlett Packard Enterprise (NYSE:HPE)

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report)'s stock had its "hold (c)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

HPE has been the topic of several other reports. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $22.00 to $28.00 in a research report on Thursday, August 21st. Evercore ISI lifted their target price on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Sanford C. Bernstein assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 16th. They set a "market perform" rating and a $24.00 target price for the company. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of "Hold" and an average target price of $25.06.

Hewlett Packard Enterprise Trading Up 4.7%

NYSE HPE opened at $26.08 on Wednesday. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $26.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The stock has a market cap of $34.41 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 2.60 and a beta of 1.45. The firm's 50 day moving average price is $23.02 and its two-hundred day moving average price is $19.46.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director owned 83,869 shares in the company, valued at $2,061,500.02. This trade represents a 32.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 543,738 shares of company stock valued at $12,922,932. Insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in Hewlett Packard Enterprise in the 1st quarter worth $25,000. Headlands Technologies LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth $26,000. Zions Bancorporation National Association UT bought a new position in Hewlett Packard Enterprise in the 1st quarter worth $27,000. CVA Family Office LLC raised its holdings in Hewlett Packard Enterprise by 126.7% in the 2nd quarter. CVA Family Office LLC now owns 1,437 shares of the technology company's stock worth $29,000 after acquiring an additional 803 shares during the period. Finally, MorganRosel Wealth Management LLC bought a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth about $31,000. Institutional investors 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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