Hewlett Packard Enterprise (NYSE:HPE) Rating Lowered to “Buy” at StockNews.com

Hewlett Packard Enterprise (NYSE:HPE) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.

A number of other equities research analysts have also weighed in on HPE. Stifel Nicolaus boosted their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Bank of America raised 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 research report on Tuesday, September 17th. Susquehanna reiterated a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Loop Capital raised their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $21.82 on Friday. The business’s 50-day moving average price is $21.42 and its 200-day moving average price is $20.23. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.24. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $28.70 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 2.02 and a beta of 1.20.

Insider Activity

In other news, CEO Antonio F. Neri sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the sale, the chief executive officer now owns 1,508,641 shares in the company, valued at $31,274,127.93. The trade was a 14.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the transaction, the senior vice president now owns 7,771 shares in the company, valued at approximately $163,191. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 578,359 shares of company stock worth $12,380,028. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently made changes to their positions in HPE. Pacer Advisors Inc. increased its holdings in Hewlett Packard Enterprise by 14,953.2% during the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock worth $490,925,000 after purchasing an additional 23,035,594 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Hewlett Packard Enterprise by 3,228.2% during the second quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock valued at $186,831,000 after buying an additional 8,560,086 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in Hewlett Packard Enterprise by 3,537.0% during 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 in the last quarter. Mizuho Markets Americas LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $105,185,000. Finally, Raymond James & Associates lifted its stake in Hewlett Packard Enterprise by 92.5% during the 3rd quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock valued at $90,116,000 after acquiring an additional 2,116,824 shares in 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.