Hewlett Packard Enterprise (NYSE: HPE) was upgraded by Barclays investment analysts from an “equal weight” rating to an “overweight” rating in a research note released Tuesday, Briefing.com reports. The company currently has a price target of $ 20.00 on shares of the tech company, up from its previous price target of $ 16.00. Barclays’ price target would point to a potential rise of 23.92% from the company’s previous close.
HPE has been the subject of several other research reports. Morgan Stanley lowered its price target for Hewlett Packard Enterprise shares from $ 18.00 to $ 16.00 and established an “equal weight” rating for the company in a report released on Wednesday, October 6. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a price target of $ 18.00 on Hewlett Packard Enterprise shares in a report released on Wednesday, September 29. Raymond James increased his price target for Hewlett Packard Enterprise shares from $ 20.00 to $ 21.00 and gave the company an “outperformance” rating in a report released Wednesday, December 1. Zacks Investment Research downgraded Hewlett Packard Enterprise shares from a “hold” rating to a “strong buy” rating and set a price target of $ 17.00 for the company in a report released on Tuesday, November 2. Finally, the Goldman Sachs group downgraded Hewlett Packard Enterprise’s stock rating from a “neutral” rating to a “sell” rating and lowered its price target for the company from $ 16.00 to $ 14.00 in a report released on Thursday, November 11. Three analysts assigned a sell rating to the stock, two assigned a conservation rating, nine assigned a buy rating, and one assigned a high buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $ 17.63.
HPE opened at $ 16.14 on Tuesday. The company has a 50-day simple moving average of $ 15.13 and a 200-day simple moving average of $ 14.77. Hewlett Packard Enterprise has a 52 week low of $ 11.53 and a 52 week high of $ 16.74. The company has a market cap of $ 20.88 billion, a PE ratio of 6.30, a price / earnings-growth ratio of 2.23 and a beta of 1.22. The company has a quick ratio of 0.69, a current ratio of 0.91, and a debt ratio of 0.49.
Hewlett Packard Enterprise (NYSE: HPE) last released its quarterly earnings data on Tuesday, November 30. The tech company reported EPS of $ 0.52 for the quarter, beating the consensus estimate of $ 0.49 by $ 0.03. Hewlett Packard Enterprise had a net margin of 12.33% and a return on equity of 19.59%. The company posted revenue of $ 7.4 billion in the quarter, compared to a consensus estimate of $ 7.37 billion. In the same quarter of the previous year, the company achieved EPS of $ 0.37. The company’s revenue increased 2.7% year-on-year. As a group, sell-side analysts expect Hewlett Packard Enterprise to post earnings per share of 1.23 for the current year.
Meanwhile, CEO Antonio F. Neri sold 88,136 shares of the company in a transaction that took place on Friday, October 15. The shares were sold at an average price of $ 15.26, for a total trade of $ 1,344,955.36. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In addition, Executive Vice President Neil B. Macdonald sold 8,535 shares of the company in a transaction that took place on Tuesday, October 26. The stock was sold for an average price of $ 15.46, for a total trade of $ 131,951.10. Disclosure of this sale can be found here. In the past three months, insiders have sold 151,609 shares of the company valued at $ 2,331,203. 0.52% of the shares are held by insiders.
Large investors have recently changed their holdings in the company. Ironwood Wealth Management LLC. increased its stake in Hewlett Packard Enterprise by 52.8% during the second quarter. Ironwood Wealth Management LLC. now owns 4,186 shares of the tech company valued at $ 61,000 after purchasing an additional 1,447 shares during the period. Envestnet Asset Management Inc. increased its holdings in Hewlett Packard Enterprise by 9.7% in the second quarter. Envestnet Asset Management Inc. now owns 610,049 shares of the tech company valued at $ 8,895,000 after purchasing an additional 53,901 shares during the period. Fifth Third Bancorp increased its stake in Hewlett Packard Enterprise by 11.3% during the second quarter. Fifth Third Bancorp now owns 13,646 shares of the tech company valued at $ 199,000 after purchasing an additional 1,385 shares during the period. Daiwa Securities Group Inc. increased its stake in Hewlett Packard Enterprise by 5.7% during the second quarter. Daiwa Securities Group Inc. now owns 68,630 shares of the tech company valued at $ 1,001,000 after purchasing an additional 3,696 shares during the period. Finally, HighTower Advisors LLC increased its stake in Hewlett Packard Enterprise by 52.1% during the second quarter. HighTower Advisors LLC now owns 100,423 shares of the tech company valued at $ 1,461,000 after purchasing an additional 34,401 shares during the period. 81.83% of the shares are currently held by institutional investors and hedge funds.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Co is committed to providing information technology, technology and enterprise products, solutions and services. It operates through the following segments: Hybrid IT, Smart Edge, Financial Services, and Business Investments. The hybrid IT segment provides a portfolio of infrastructure and solutions based on services and software.
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