Barclays Boosts Hewlett Packard Enterprise (NYSE:HPE) Price Target to $27.00

Hewlett Packard Enterprise (NYSE:HPE) had its price objective upped by investment analysts at Barclays from $24.00 to $27.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s target price would indicate a potential upside of 12.73% from the company’s current price.

Several other equities research analysts have also commented on the stock. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Loop Capital increased their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $23.00 to $28.00 in a research report on Thursday. UBS Group raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Finally, Susquehanna reiterated a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Seven research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.36.

Hewlett Packard Enterprise Trading Up 10.6 %

Shares of NYSE HPE opened at $23.95 on Friday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.24. The firm has a market cap of $31.10 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.40 and a beta of 1.21. The business has a fifty day simple moving average of $20.90 and a two-hundred day simple moving average of $19.90. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts expect that Hewlett Packard Enterprise will post 1.83 earnings per share for the current fiscal year.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now owns 7,771 shares in the company, valued at approximately $163,191. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,508,641 shares of the company’s stock, valued at $31,274,127.93. The trade was a 14.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock worth $8,599,617 over the last three months. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors have recently bought and sold shares of HPE. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $26,000. Hazlett Burt & Watson Inc. raised its position in shares of Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after buying an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $28,000. Finally, Financial Management Professionals Inc. boosted its position in Hewlett Packard Enterprise by 80.3% during the third 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 last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.