Hewlett Packard Enterprise (NYSE:HPE) Upgraded to Strong-Buy at StockNews.com

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Monday.

HPE has been the subject of a number of other research reports. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $23.00 to $28.00 in a research report on Thursday. UBS Group raised 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 report on Thursday, September 5th. Susquehanna restated a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective for the company. Seven analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.79.

Hewlett Packard Enterprise Stock Down 3.5 %

HPE traded down $0.84 during trading on Monday, reaching $23.11. 22,239,388 shares of the stock were exchanged, compared to its average volume of 15,270,270. The stock has a market cap of $30.01 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 3.74 and a beta of 1.21. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.24. The stock’s 50 day moving average price is $20.96 and its two-hundred day moving average price is $19.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Insider Activity at Hewlett Packard Enterprise

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 sale, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the sale, the senior vice president now directly owns 7,771 shares in the company, valued at approximately $163,191. The trade was a 50.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 426,012 shares of company stock worth $8,599,617. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HPE. RPg Family Wealth Advisory LLC acquired a new position in 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 during the 3rd quarter worth $26,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after buying an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth $28,000. Finally, Financial Management Professionals Inc. increased its holdings in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.