Hewlett Packard Enterprise (NYSE:HPE) Stock Rating Lowered by Daiwa Capital Markets

Hewlett Packard Enterprise (NYSE:HPE) was downgraded by analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, Marketbeat reports. They presently have a $16.00 price target on the technology company’s stock. Daiwa Capital Markets’ price target suggests a potential upside of 8.32% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, December 19th. 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 note on Friday, March 7th. Morgan Stanley dropped their price objective on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Finally, Loop Capital dropped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Stock Down 2.1 %

HPE stock opened at $14.77 on Wednesday. The company has a fifty day moving average price of $20.96 and a 200 day moving average price of $20.60. Hewlett Packard Enterprise has a 12 month low of $14.64 and a 12 month high of $24.66. The company has a market cap of $19.40 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Large investors have recently added to or reduced their stakes in the business. Putney Financial Group LLC acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at about $26,000. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $28,000. Finally, Ameriflex Group Inc. purchased a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $31,000. 80.78% of the stock is 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.