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

Hewlett Packard Enterprise (NYSE:HPE) had its price target increased by investment analysts at Evercore ISI from $22.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Evercore ISI’s price target would suggest a potential upside of 20.66% from the company’s current price.

Other research analysts have also issued reports about the company. Raymond James Financial lifted their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a “strong-buy” rating in a report on Wednesday, June 4th. KeyCorp began coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They set a “sector weight” rating on the stock. Loop Capital lifted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, June 9th. Bank of America lifted their target price on Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday. Finally, UBS Group lifted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.15.

Hewlett Packard Enterprise Stock Down 2.7%

Shares of Hewlett Packard Enterprise stock opened at $20.72 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. The business has a fifty day simple moving average of $18.36 and a 200 day simple moving average of $18.58. The stock has a market cap of $27.19 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 2.99 and a beta of 1.35.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The business had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts predict that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the sale, the executive vice president owned 42,427 shares of the company’s stock, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,590 shares of company stock worth $2,436,000. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently modified their holdings of HPE. Jones Financial Companies Lllp increased its position in shares of Hewlett Packard Enterprise by 115.5% in the fourth quarter. Jones Financial Companies Lllp now owns 11,053 shares of the technology company’s stock valued at $236,000 after acquiring an additional 5,924 shares during the last quarter. Atria Investments Inc increased its position in shares of Hewlett Packard Enterprise by 24.3% in the fourth quarter. Atria Investments Inc now owns 24,843 shares of the technology company’s stock valued at $530,000 after acquiring an additional 4,864 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $3,598,000. AlphaQuest LLC increased its position in Hewlett Packard Enterprise by 231.7% during the fourth quarter. AlphaQuest LLC now owns 8,117 shares of the technology company’s stock worth $173,000 after buying an additional 5,670 shares during the last quarter. Finally, Independent Advisor Alliance acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $321,000. 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.