Hewlett Packard Enterprise (NYSE:HPE) Upgraded at Raymond James

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a research report issued on Monday, Marketbeat Ratings reports. The brokerage currently has a $29.00 price objective on the technology company’s stock, up from their prior price objective of $23.00. Raymond James’ price objective would indicate a potential upside of 37.64% from the company’s previous close.

Several other analysts have also commented on the company. Loop Capital increased their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, September 9th. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Citigroup assumed coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 target price on the stock. Finally, Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $22.00.

Hewlett Packard Enterprise Stock Down 1.3 %

Hewlett Packard Enterprise stock opened at $21.07 on Monday. The business has a fifty day moving average of $19.87 and a two-hundred day moving average of $19.47. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market cap of $27.36 billion, a P/E ratio of 15.05, a P/E/G ratio of 3.27 and a beta of 1.19. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the transaction, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at approximately $163,191. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at $31,274,127.93. This represents a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock worth $8,599,617 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. RPg Family Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new position in Hewlett Packard Enterprise in the 3rd quarter valued at about $26,000. Hazlett Burt & Watson Inc. lifted its stake in Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth approximately $28,000. Finally, Financial Management Professionals Inc. lifted its stake in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

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.