Hewlett Packard Enterprise (NYSE:HPE) PT Raised to $19.00

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) had its price target raised by investment analysts at Sanford C. Bernstein from $17.00 to $19.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the technology company’s stock. Sanford C. Bernstein’s target price would suggest a potential downside of 3.01% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Susquehanna boosted their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on shares of Hewlett Packard Enterprise from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday. Evercore ISI boosted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research report on Wednesday. Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.25.

Get Our Latest Stock Analysis on HPE

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $19.59 on Wednesday. The company has a 50 day moving average price of $17.63 and a 200-day moving average price of $16.77. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $20.43. The firm has a market capitalization of $25.47 billion, a PE ratio of 14.30, a P/E/G ratio of 3.26 and a beta of 1.18. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last issued its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.55%. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the sale, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale increased its holdings in shares of Hewlett Packard Enterprise by 18.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,006,298 shares of the technology company’s stock valued at $17,691,000 after acquiring an additional 155,717 shares during the last quarter. Verity Asset Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 48.8% in the 1st quarter. Verity Asset Management Inc. now owns 24,697 shares of the technology company’s stock valued at $438,000 after acquiring an additional 8,101 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 39.8% in the 1st quarter. Cetera Advisors LLC now owns 55,388 shares of the technology company’s stock valued at $982,000 after acquiring an additional 15,774 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Hewlett Packard Enterprise by 455.7% in the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after acquiring an additional 99,394 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at approximately $26,995,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

(Get Free Report)

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.

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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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