Hewlett Packard Enterprise (NYSE: HPE – Get an Assessment) was upgraded by StockNews.com analysts from a “hold” rating to a “buy” rating in a research report released Saturday to clients and investors.
A number of other research analysts have also recently commented on HPE. Evercore ISI cut its price target on Hewlett Packard Enterprise shares from $21.00 to $18.00 and set an “outperform” rating on the stock in a Tuesday, June 28 report. Bank of America cut Hewlett Packard Enterprise shares from a “buy” rating to a “neutral” rating and lowered its price target for the stock from $19.00 to $16.00 in a Friday report May 20. Citigroup lowered its price target on Hewlett Packard Enterprise shares from $14.00 to $13.50 and placed a “sell” rating on the stock in a Thursday, June 2 report. Deutsche Bank Aktiengesellschaft cut Hewlett Packard Enterprise shares from a “buy” rating to a “hold” rating and lowered its target price for the stock from $18.00 to $16.00 in a Tuesday report June 14. Finally, Raymond James reiterated an “outperform” rating and set a target price of $19.00 (vs. $20.00) on Hewlett Packard Enterprise shares in a Tuesday, June 21 report. Three analysts have assigned the stock a sell rating, two have assigned a hold rating and nine have assigned a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.04.
Hewlett Packard Enterprise down 7.2%
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HPE stock opened at $13.76 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.90 and a debt ratio of 0.43. Hewlett Packard Enterprise has a 12-month low of $12.40 and a 12-month high of $17.76. The stock has a market capitalization of $17.88 billion, a price-to-earnings ratio of 4.95, a growth price-to-earnings ratio of 3.17 and a beta of 1.15. The company’s fifty-day simple moving average is $13.91 and its two-hundred-day simple moving average is $15.25.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last released quarterly earnings data on Wednesday, June 1. The tech company reported earnings per share of $0.19 for the quarter, missing analyst consensus estimates of $0.25 per ($0.06). Hewlett Packard Enterprise achieved a net margin of 13.28% and a return on equity of 19.01%. The company posted revenue of $6.70 billion for the quarter, versus a consensus estimate of $6.80 billion. In the same quarter last year, the company achieved EPS of $0.19. The company’s revenue increased 0.0% year-over-year. As a group, analysts expect Hewlett Packard Enterprise to post 1.21 earnings per share for the current year.
Insider activity at Hewlett Packard Enterprise
In related news, Executive Vice President Thomas E. Black, Jr. sold 28,347 shares in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $15.26, for a total value of $432,575.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. In other Hewlett Packard Enterprise news, Executive Vice President Alan Richard May sold 94,705 shares of the company in a trade that took place Friday, June 3. The shares were sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following completion of the transaction, the executive vice president now directly owns 310,500 shares of the company, valued at approximately $4,682,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, Executive Vice President Thomas E. Black, Jr. sold 28,347 shares of the company in a transaction that took place on Tuesday, June 7. The stock was sold at an average price of $15.26, for a total transaction of $432,575.22. The disclosure of this sale can be found here. 0.45% of the shares are currently held by insiders.
Hedge funds weigh on Hewlett Packard Enterprise
Institutional investors have recently bought and sold shares of the company. The Swiss National Bank increased its stake in Hewlett Packard Enterprise shares by 14.1% during the 1st quarter. The Swiss National Bank now owns 5,665,553 shares of the tech company worth $94,671,000 after purchasing an additional 701,800 shares during the period. IFM Investors Pty Ltd increased its stake in Hewlett Packard Enterprise shares by 18.4% during the 1st quarter. IFM Investors Pty Ltd now owns 211,031 shares of the technology company worth $3,526,000 after buying 32,857 additional shares during the period. Seven Eight Capital LP acquired a new equity stake in Hewlett Packard Enterprise during Q4 for a value of approximately $227,000. Guggenheim Capital LLC increased its stake in Hewlett Packard Enterprise by 21.5% in the fourth quarter. Guggenheim Capital LLC now owns 649,817 shares of the technology company valued at $10,247,000 after acquiring an additional 115,059 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in Hewlett Packard Enterprise by 11.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 219,340 shares of the technology company valued at $3,665,000 after acquiring an additional 22,165 shares during the period. 82.70% of the shares are held by hedge funds and other institutional investors.
About Hewlett Packard Enterprise
(Get an evaluation)
Hewlett Packard Enterprise Company provides solutions that enable customers to seamlessly capture, analyze, and act on data in the Americas, Europe, Middle East, Africa, Asia Pacific, and Japan. The company offers general-purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage area networks and disk products, such as HPE Modular Storage Arrays and HPE XP.
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