Hewlett Packard Enterprise (NYSE:HPE) Downgraded by Daiwa America to Hold

Hewlett Packard Enterprise (NYSE:HPE) was downgraded by research analysts at Daiwa America from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research report on Wednesday. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $15.07 on Wednesday. Hewlett Packard Enterprise has a fifty-two week low of $14.85 and a fifty-two week high of $24.66. The firm’s 50 day moving average price is $21.09 and its 200 day moving average price is $20.64. The company has a market cap of $19.79 billion, a P/E ratio of 7.93, a PEG ratio of 2.03 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $292,959,000. Eagle Asset Management Inc. increased its holdings in Hewlett Packard Enterprise by 3,537.0% in the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after buying an additional 5,629,006 shares during the last quarter. Norges Bank acquired a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $119,067,000. Mizuho Markets Americas LLC acquired a new position in Hewlett Packard Enterprise in the third quarter worth approximately $105,185,000. Finally, Pacer Advisors Inc. increased its holdings in Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after buying an additional 4,194,213 shares during the last quarter. Institutional investors and hedge funds 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.