Hewlett Packard Enterprise (NYSE:HPE) Upgraded at StockNews.com

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Several other analysts have also issued reports on the stock. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Barclays dropped their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. Morgan Stanley upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday. Stifel Nicolaus reduced their price objective on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Finally, Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average target price of $17.91.

Hewlett Packard Enterprise Stock Up 0.1 %

Shares of HPE stock opened at $17.04 on Friday. Hewlett Packard Enterprise has a 52-week low of $13.65 and a 52-week high of $20.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. The stock has a market cap of $22.15 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 3.17 and a beta of 1.21. The firm’s 50-day moving average is $16.84 and its 200-day moving average is $16.41.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 company’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. Sell-side analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. Rise Advisors LLC raised its stake in Hewlett Packard Enterprise by 253.9% in the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after buying an additional 1,051 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth $31,000. Ritter Daniher Financial Advisory LLC DE bought a new position in Hewlett Packard Enterprise in the 3rd quarter worth $33,000. Salem Investment Counselors Inc. raised its position in Hewlett Packard Enterprise by 180.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after purchasing an additional 1,261 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in Hewlett Packard Enterprise in the 4th quarter worth about $35,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

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.