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

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

Other analysts also recently issued reports about the stock. Morgan Stanley cut 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 report on Friday, March 7th. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Stifel Nicolaus raised their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, December 19th. Finally, Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $14.77 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 52 week low of $14.64 and a 52 week high of $24.66. The company has a market cap of $19.40 billion, a PE ratio of 7.77, a P/E/G ratio of 2.03 and a beta of 1.20. The business has a 50 day moving average of $20.96 and a 200 day moving average of $20.60.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’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 $1,118,145. This represents a 19.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is owned by insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Putney Financial Group LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $26,000. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $28,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $31,000. Hedge funds and other institutional investors 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.