Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $19.00 at Wells Fargo & Company

Hewlett Packard Enterprise (NYSE:HPE) had its target price upped by stock analysts at Wells Fargo & Company from $17.00 to $19.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 11.44% from the stock’s previous close.

Several other equities analysts have also commented on HPE. Morgan Stanley increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday. Barclays decreased their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, March 1st. Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Stifel Nicolaus reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $17.91.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE traded down $0.09 during trading on Wednesday, reaching $17.05. 7,366,307 shares of the company’s stock traded hands, compared to its average volume of 15,271,511. 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 $22.17 billion, a PE ratio of 11.78, a P/E/G ratio of 3.19 and a beta of 1.21. The company has a 50-day simple moving average of $16.77 and a 200-day simple moving average of $16.40. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Aspire Private Capital LLC lifted its holdings in shares of Hewlett Packard Enterprise by 169.2% during the 4th quarter. Aspire Private Capital LLC now owns 1,217 shares of the technology company’s stock worth $19,423,320,000 after acquiring an additional 765 shares during the period. Rise Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $31,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $33,000. Finally, American National Bank grew its stake in Hewlett Packard Enterprise by 89.4% during the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after buying an additional 920 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

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.