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

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) had its target price increased by equities research analysts at Evercore ISI from $18.00 to $22.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “in-line” rating on the technology company’s stock. Evercore ISI’s target price points to a potential upside of 12.30% from the stock’s previous close.

A number of other brokerages have also recently commented on HPE. Barclays decreased their price target on 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. Wells Fargo & Company raised their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Stifel Nicolaus decreased their price target on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Finally, Bank of America lifted their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.25.

Read Our Latest Research Report on HPE

Hewlett Packard Enterprise Stock Up 0.6 %

HPE opened at $19.59 on Wednesday. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two 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 company has a market capitalization 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. The stock has a fifty day moving average of $17.63 and a 200-day moving average of $16.77.

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

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the sale, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

Several hedge funds and other institutional investors have recently made changes to their positions in HPE. NBC Securities Inc. acquired a new position in shares of Hewlett Packard Enterprise in the third quarter worth approximately $52,000. Kestra Private Wealth Services LLC lifted its stake in shares of Hewlett Packard Enterprise by 8.0% in the third quarter. Kestra Private Wealth Services LLC now owns 24,064 shares of the technology company’s stock worth $418,000 after acquiring an additional 1,775 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Hewlett Packard Enterprise by 34.4% in the third quarter. Oppenheimer & Co. Inc. now owns 43,508 shares of the technology company’s stock worth $756,000 after acquiring an additional 11,140 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of Hewlett Packard Enterprise by 110.2% in the third quarter. Avantax Advisory Services Inc. now owns 31,767 shares of the technology company’s stock worth $552,000 after acquiring an additional 16,653 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise in the third quarter worth approximately $3,879,000. 80.78% of the stock is currently owned by 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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