Hewlett Packard Enterprise (NYSE:HPE) PT Raised to $22.00 at Stifel Nicolaus

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) had its target price upped by equities researchers at Stifel Nicolaus from $18.00 to $22.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 12.30% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley upped their price target on shares of Hewlett Packard Enterprise from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday. Barclays cut their price objective on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Evercore ISI boosted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday. Finally, Bank of America boosted their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target of $20.25.

Read Our Latest Report on Hewlett Packard Enterprise

Hewlett Packard Enterprise Stock Up 0.6 %

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

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last released 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. The company had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.55%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share. Analysts expect that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 18,323 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the transaction, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at $263,575.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James & Associates grew its stake in shares of Hewlett Packard Enterprise by 13.2% in the fourth quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock valued at $15,841,000 after acquiring an additional 108,971 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Hewlett Packard Enterprise by 17.4% in the fourth quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock valued at $26,534,000 after acquiring an additional 232,150 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Hewlett Packard Enterprise by 0.9% in the third quarter. Nordea Investment Management AB now owns 4,024,719 shares of the technology company’s stock valued at $70,272,000 after acquiring an additional 36,793 shares in the last quarter. TCW Group Inc. acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $348,000. Finally, Truist Financial Corp grew its stake in shares of Hewlett Packard Enterprise by 1.5% in the fourth quarter. Truist Financial Corp now owns 80,501 shares of the technology company’s stock valued at $1,367,000 after acquiring an additional 1,190 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company Profile

(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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