Hewlett Packard Enterprise (NYSE:HPE) Earns Buy Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “buy” rating on the technology company’s stock.

A number of other analysts also recently commented on HPE. Barclays downgraded Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 target price on the stock. in a research report on Tuesday, January 10th. 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 report on Wednesday, November 30th. Morgan Stanley boosted their price target on Hewlett Packard Enterprise from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, March 3rd. Credit Suisse Group boosted their price target on Hewlett Packard Enterprise to $19.00 in a report on Friday, December 2nd. Finally, Loop Capital boosted their price target on Hewlett Packard Enterprise from $14.00 to $17.00 in a report on Monday, December 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.92.

Hewlett Packard Enterprise Stock Down 1.6 %

Hewlett Packard Enterprise stock opened at $13.91 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.63. Hewlett Packard Enterprise has a 1-year low of $11.90 and a 1-year high of $17.66. The company has a market cap of $18.03 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 2.19 and a beta of 1.23. The stock’s 50 day moving average price is $15.93 and its 200 day moving average price is $14.89.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last posted its earnings results on Thursday, March 2nd. The technology company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The company had revenue of $7.81 billion for the quarter, compared to the consensus estimate of $7.40 billion. Hewlett Packard Enterprise had a return on equity of 4.22% and a net margin of 2.92%. Hewlett Packard Enterprise’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.3 EPS for the current fiscal year.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Thomas E. Black, Jr. sold 34,088 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $15.05, for a total transaction of $513,024.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hewlett Packard Enterprise news, EVP Thomas E. Black, Jr. sold 34,088 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $15.05, for a total transaction of $513,024.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alan Richard May sold 703,226 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $15.11, for a total value of $10,625,744.86. Following the sale, the executive vice president now directly owns 249,511 shares of the company’s stock, valued at approximately $3,770,111.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 799,621 shares of company stock valued at $12,178,761. Company insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently modified their holdings of HPE. Cambridge Investment Research Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 10.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company’s stock worth $1,249,000 after buying an additional 7,285 shares during the period. D.A. Davidson & CO. boosted its position in shares of Hewlett Packard Enterprise by 12.6% in the first quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company’s stock worth $270,000 after buying an additional 1,809 shares during the period. Raymond James Trust N.A. boosted its position in shares of Hewlett Packard Enterprise by 46.4% in the first quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company’s stock worth $269,000 after buying an additional 5,095 shares during the period. Blair William & Co. IL boosted its holdings in Hewlett Packard Enterprise by 9.8% in the first quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock valued at $5,557,000 after purchasing an additional 29,819 shares during the last quarter. Finally, Aviva PLC boosted its holdings in Hewlett Packard Enterprise by 45.8% in the first quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock valued at $10,607,000 after purchasing an additional 199,382 shares during the last quarter. Hedge funds and other institutional investors own 81.36% of the company’s stock.

About Hewlett Packard Enterprise

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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.