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

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

Several other analysts also recently issued reports on the company. Susquehanna reiterated a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Stifel Nicolaus upped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective for the company. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.79.

Hewlett Packard Enterprise Stock Down 3.5 %

NYSE HPE traded down $0.84 during trading hours on Monday, hitting $23.11. The company had a trading volume of 22,239,388 shares, compared to its average volume of 15,270,270. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.24. The company has a market capitalization of $30.01 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 3.74 and a beta of 1.21. 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’s 50 day moving average is $20.96 and its 200 day moving average is $19.95.

Insider Buying and Selling

In related news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This trade represents a 26.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at $163,191. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 426,012 shares of company stock worth $8,599,617. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors have recently modified their holdings of HPE. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $26,000. Hazlett Burt & Watson Inc. raised its holdings in shares of Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth $28,000. Finally, Financial Management Professionals Inc. raised its holdings in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after acquiring an additional 637 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.