Hewlett Packard Enterprise (NYSE:HPE – Get Rating) has been given an average rating of “Hold” by the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $17.00.
Several analysts have recently commented on HPE shares. Deutsche Bank Aktiengesellschaft increased their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 in a research note on Wednesday, November 30th. Citigroup upped their target price on shares of Hewlett Packard Enterprise from $11.50 to $13.00 in a research note on Wednesday, November 30th. Barclays lowered shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 price target on the stock. in a research report on Tuesday, January 10th. Loop Capital increased their price objective on shares of Hewlett Packard Enterprise from $14.00 to $17.00 in a research note on Monday, December 5th. Finally, Susquehanna Bancshares boosted their target price on Hewlett Packard Enterprise from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 30th.
Hewlett Packard Enterprise Trading Down 0.4 %
NYSE HPE opened at $15.54 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.88 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $16.17 and a 200-day moving average price of $14.88. Hewlett Packard Enterprise has a 52 week low of $11.90 and a 52 week high of $17.66. The company has a market cap of $20.15 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 2.48 and a beta of 1.18.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last posted its earnings results on Tuesday, November 29th. The technology company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.62). Hewlett Packard Enterprise had a return on equity of 4.26% and a net margin of 3.05%. The business had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.42 billion. As a group, equities analysts expect that Hewlett Packard Enterprise will post 1.45 earnings per share for the current fiscal year.
Insider Buying and Selling at Hewlett Packard Enterprise
In other news, SVP Jeremy Cox sold 47,307 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $17.01, for a total value of $804,692.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Neil B. Macdonald sold 9,532 shares of the stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $16.15, for a total transaction of $153,941.80. Following the sale, the executive vice president now owns 9,360 shares of the company’s stock, valued at approximately $151,164. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 47,307 shares of the firm’s stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $17.01, for a total value of $804,692.07. The disclosure for this sale can be found here. Insiders have sold a total of 140,120 shares of company stock valued at $2,328,549 over the last three months. 0.53% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Hewlett Packard Enterprise
A number of institutional investors and hedge funds have recently modified their holdings of the company. Ronald Blue Trust Inc. purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $121,000. Empirical Finance LLC boosted its stake in Hewlett Packard Enterprise by 19.5% during the third quarter. Empirical Finance LLC now owns 31,869 shares of the technology company’s stock valued at $382,000 after buying an additional 5,210 shares during the period. The Manufacturers Life Insurance Company grew its position in Hewlett Packard Enterprise by 1.3% during the third quarter. The Manufacturers Life Insurance Company now owns 977,657 shares of the technology company’s stock worth $11,712,000 after buying an additional 12,235 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Hewlett Packard Enterprise by 0.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 10,227,705 shares of the technology company’s stock valued at $135,619,000 after acquiring an additional 62,910 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC raised its holdings in shares of Hewlett Packard Enterprise by 1.0% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 795,690 shares of the technology company’s stock valued at $9,533,000 after acquiring an additional 8,231 shares in the last quarter. 81.36% of the stock is owned by hedge funds and other institutional investors.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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