Hewlett Packard Enterprise (NYSE:HPE) Rating Increased to Buy at StockNews.com

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other research analysts also recently issued reports on HPE. The Goldman Sachs Group started coverage on shares of Hewlett Packard Enterprise in a research note on Monday, March 20th. They issued a “neutral” rating and a $15.00 target price on the stock. Citigroup upped their target price on shares of Hewlett Packard Enterprise from $13.00 to $14.00 in a report on Friday, March 3rd. Bank of America increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, April 17th. Finally, Morgan Stanley increased their price objective on shares of Hewlett Packard Enterprise from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, March 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $16.85.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $14.45 on Tuesday. The firm’s 50-day moving average price is $14.78 and its two-hundred day moving average price is $15.49. Hewlett Packard Enterprise has a 12-month low of $11.90 and a 12-month high of $17.25. The stock has a market capitalization of $18.73 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 2.22 and a beta of 1.22. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last announced its earnings results on Thursday, March 2nd. The technology company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Hewlett Packard Enterprise had a net margin of 2.92% and a return on equity of 4.22%. The firm had revenue of $7.81 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts predict that Hewlett Packard Enterprise will post 1.32 earnings per share for the current year.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Thomas E. Black, Jr. sold 34,088 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $15.05, for a total transaction of $513,024.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hewlett Packard Enterprise news, EVP Thomas E. Black, Jr. sold 34,088 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $15.05, for a total transaction of $513,024.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jean M. Hobby sold 10,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $15.28, for a total transaction of $152,800.00. Following the transaction, the director now directly owns 46,161 shares of the company’s stock, valued at $705,340.08. The disclosure for this sale can be found here. Insiders sold 747,314 shares of company stock worth $11,291,569 in the last three months. Corporate insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Old North State Trust LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth $25,000. Arlington Partners LLC purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth $26,000. New Hampshire Trust purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth $28,000. Independence Bank of Kentucky purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth $32,000. Finally, Romano Brothers AND Company purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 81.36% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.