Hewlett Packard Enterprise (NYSE:HPE) was upgraded by stock analysts at Bank of America from an “underperform” rating to a “buy” rating in a research report issued on Monday, MarketBeat reports. The firm presently has a $19.00 price target on the technology company’s stock. Bank of America‘s price target points to a potential upside of 19.12% from the company’s current price.
HPE has been the subject of several other research reports. UBS Group set a $15.00 price objective on Hewlett Packard Enterprise and gave the company a “sell” rating in a report on Monday, September 30th. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Wednesday, October 16th. Nomura decreased their price objective on Hewlett Packard Enterprise from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. TheStreet cut Hewlett Packard Enterprise from a “b-” rating to a “c+” rating in a report on Friday, August 23rd. Finally, Maxim Group decreased their price objective on Hewlett Packard Enterprise from $17.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $15.94.
Shares of NYSE HPE opened at $15.95 on Monday. The stock has a market capitalization of $20.85 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.34 and a beta of 1.60. The business has a 50-day moving average of $14.73 and a 200-day moving average of $14.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.88 and a quick ratio of 0.75. Hewlett Packard Enterprise has a fifty-two week low of $12.09 and a fifty-two week high of $16.97.
In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 49,635 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.19, for a total transaction of $753,955.65. Following the completion of the sale, the chief executive officer now directly owns 29,602 shares in the company, valued at $449,654.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip Davis sold 16,436 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $14.43, for a total transaction of $237,171.48. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.
A number of hedge funds have recently modified their holdings of HPE. Wealthcare Advisory Partners LLC lifted its position in Hewlett Packard Enterprise by 367.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 2,136 shares of the technology company’s stock worth $32,000 after acquiring an additional 1,679 shares during the last quarter. WealthStone Inc. acquired a new stake in Hewlett Packard Enterprise during the second quarter worth approximately $34,000. Truewealth LLC lifted its position in Hewlett Packard Enterprise by 72.7% during the second quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,000 shares during the last quarter. CSat Investment Advisory L.P. lifted its position in Hewlett Packard Enterprise by 231.9% during the second quarter. CSat Investment Advisory L.P. now owns 2,854 shares of the technology company’s stock worth $43,000 after acquiring an additional 1,994 shares during the last quarter. Finally, Private Ocean LLC lifted its position in Hewlett Packard Enterprise by 49.2% during the second quarter. Private Ocean LLC now owns 3,856 shares of the technology company’s stock worth $57,000 after acquiring an additional 1,272 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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