Hewlett Packard Enterprise (NYSE:HPE) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Hewlett Packard Enterprise (NYSE:HPE) had its price target boosted by investment analysts at Morgan Stanley from $14.00 to $22.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 25.37% from the company’s previous close.

HPE has been the subject of a number of other research reports. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Daiwa Capital Markets cut Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Wednesday, March 12th. Barclays lowered their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Loop Capital lowered their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Finally, Evercore ISI upgraded Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and raised their target price for the company from $17.00 to $22.00 in a research note on Tuesday. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.13.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $17.55 on Tuesday. 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. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The business’s 50 day moving average price is $15.80 and its 200-day moving average price is $19.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the company’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Hewlett Packard Enterprise by 1.7% during the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company’s stock valued at $2,579,896,000 after acquiring an additional 2,779,446 shares during the last quarter. Geode Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company’s stock valued at $686,011,000 after purchasing an additional 681,242 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Hewlett Packard Enterprise by 15.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock valued at $271,333,000 after purchasing an additional 2,373,850 shares during the period. Northern Trust Corp grew its holdings in Hewlett Packard Enterprise by 3.4% during the first quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock valued at $258,144,000 after purchasing an additional 545,775 shares during the period. Finally, National Bank of Canada FI grew its holdings in Hewlett Packard Enterprise by 1,369.1% during the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock valued at $251,192,000 after purchasing an additional 15,171,314 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

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.