Hewlett Packard Enterprise (NYSE:HPE) was upgraded by stock analysts at Loop Capital from a “hold” rating to a “buy” rating in a research report issued on Tuesday, The Fly reports.
Several other brokerages also recently weighed in on HPE. Deutsche Bank increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, February 7th. They set a “neutral” rating and a $16.00 target price for the company. OTR Global downgraded shares of Hewlett Packard Enterprise to a “positive” rating in a research note on Tuesday, February 13th. Zacks Investment Research downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, Robert W. Baird reiterated a “hold” rating and set a $15.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.16.
Shares of Hewlett Packard Enterprise (NYSE HPE) opened at $16.39 on Tuesday. Hewlett Packard Enterprise has a 12 month low of $12.81 and a 12 month high of $24.88. The firm has a market cap of $26,022.35, a PE ratio of 78.05, a PEG ratio of 2.75 and a beta of 2.50. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.78 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. research analysts expect that Hewlett Packard Enterprise will post 1.19 EPS for the current fiscal year.
In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 42,314 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $14.00, for a total value of $592,396.00. Following the completion of the transaction, the executive vice president now directly owns 84,629 shares of the company’s stock, valued at $1,184,806. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Margaret C. Whitman sold 242,165 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $15.27, for a total transaction of $3,697,859.55. Following the completion of the transaction, the director now directly owns 1,705,823 shares of the company’s stock, valued at $26,047,917.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,407,123 shares of company stock valued at $22,389,810. 1.18% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of HPE. BB&T Securities LLC purchased a new position in Hewlett Packard Enterprise in the third quarter valued at about $156,000. Daiwa SB Investments Ltd. purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $156,000. Clear Harbor Asset Management LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $158,000. Empirical Financial Services LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $159,000. Finally, KCS Wealth Advisory purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $161,000. 83.66% of the stock is owned by institutional investors.
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About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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