Hewlett Packard Enterprise (NYSE:HPE – Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Other equities research analysts have also recently issued reports about the company. Barclays decreased their price target on Hewlett Packard Enterprise from $18.00 to $16.00 in a report on Wednesday, May 31st. Morgan Stanley raised their price target on Hewlett Packard Enterprise from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, March 3rd. Bank of America raised their price target on Hewlett Packard Enterprise from $17.00 to $18.00 in a report on Wednesday, June 21st. The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a report on Monday, March 20th. They set a “neutral” rating and a $15.00 price target on the stock. Finally, Citigroup began coverage on Hewlett Packard Enterprise in a report on Thursday. They set a “neutral” rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $16.73.
Hewlett Packard Enterprise Stock Performance
NYSE HPE traded up $0.15 on Friday, hitting $16.80. 9,749,147 shares of the company traded hands, compared to its average volume of 13,397,625. The company has a market capitalization of $21.70 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 2.54 and a beta of 1.23. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average price is $15.22 and its 200-day moving average price is $15.56. Hewlett Packard Enterprise has a 52-week low of $11.90 and a 52-week high of $17.74.
Hewlett Packard Enterprise (NYSE:HPE – Free Report) last released its earnings results on Tuesday, May 30th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $7.30 billion. Hewlett Packard Enterprise had a return on equity of 5.05% and a net margin of 3.46%. Hewlett Packard Enterprise’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. Equities analysts expect that Hewlett Packard Enterprise will post 1.36 earnings per share for the current year.
Insider Buying and Selling at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 5,668 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $17.00, for a total transaction of $96,356.00. Following the sale, the executive vice president now directly owns 67,744 shares in the company, valued at $1,151,648. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 5,668 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $17.00, for a total transaction of $96,356.00. Following the sale, the executive vice president now directly owns 67,744 shares in the company, valued at $1,151,648. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jeremy Cox sold 9,161 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $17.00, for a total value of $155,737.00. Following the sale, the senior vice president now owns 615 shares in the company, valued at $10,455. The disclosure for this sale can be found here. Insiders have sold a total of 433,504 shares of company stock worth $6,954,746 over the last ninety days. Company insiders own 0.53% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Arlington Partners LLC bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $26,000. New Hampshire Trust bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. Independence Bank of Kentucky bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $32,000. Romano Brothers AND Company bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $32,000. Finally, Eagle Bay Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 3,779.6% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,095 shares of the technology company’s stock valued at $33,000 after buying an additional 2,041 shares during the last quarter. Institutional investors own 81.69% 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.
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