Evercore ISI Upgrades Hewlett Packard Enterprise (NYSE:HPE) to Outperform

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm presently has a $22.00 price target on the technology company’s stock, up from their previous price target of $17.00. Evercore ISI’s price target suggests a potential upside of 25.37% from the company’s previous close.

Several other brokerages have also issued reports on HPE. Bank of America cut their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Wednesday, March 12th. Wells Fargo & Company reduced their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Susquehanna dropped their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Daiwa America lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.13.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $17.55 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $15.80 and a 200 day simple moving average of $19.34. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The firm has a market cap of $23.05 billion, a P/E ratio of 9.24, a P/E/G ratio of 2.03 and a beta of 1.29.

Insider Activity

In other news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. Mather Group LLC. lifted its holdings in Hewlett Packard Enterprise by 6.2% during the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock worth $161,000 after purchasing an additional 440 shares during the last quarter. Essex Financial Services Inc. increased its position in Hewlett Packard Enterprise by 3.6% during the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock worth $286,000 after buying an additional 461 shares during the period. Westside Investment Management Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 0.8% during the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock worth $1,335,000 after buying an additional 475 shares in the last quarter. Aviso Financial Inc. raised its stake in Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock worth $1,154,000 after purchasing an additional 490 shares in the last quarter. Finally, Forum Financial Management LP boosted its stake in shares of Hewlett Packard Enterprise by 2.2% in the fourth quarter. Forum Financial Management LP now owns 23,639 shares of the technology company’s stock valued at $505,000 after buying an additional 515 shares during the period. Institutional investors and hedge funds own 80.78% 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.