Hewlett Packard Enterprise (NYSE:HPE) PT Raised to $24.00

Hewlett Packard Enterprise (NYSE:HPE) had its target price hoisted by investment analysts at Bank of America from $22.00 to $24.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Bank of America‘s price objective would suggest a potential upside of 14.72% from the stock’s previous close.

A number of other research firms have also recently weighed in on HPE. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. UBS Group lifted their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Friday, June 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday. Finally, Susquehanna upped their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $20.85.

Hewlett Packard Enterprise Stock Down 2.6 %

Shares of NYSE HPE opened at $20.92 on Friday. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. The business has a fifty day moving average of $18.35 and a two-hundred day moving average of $17.16. The stock has a market cap of $27.19 billion, a PE ratio of 15.27, a PEG ratio of 3.09 and a beta of 1.18.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. As a group, equities research analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the 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 transaction, the senior vice president now owns 15,541 shares of the company’s stock, valued at $263,575.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the transaction, the senior vice president now owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gerri Gold sold 22,784 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares in the company, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders sold a total of 158,464 shares of company stock valued at $3,160,866 over the last three months. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after buying an additional 5,777,901 shares during the period. Dimensional Fund Advisors LP increased its holdings in Hewlett Packard Enterprise by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,733,959 shares of the technology company’s stock worth $301,151,000 after purchasing an additional 695,038 shares in the last quarter. Morgan Stanley raised its stake in shares of Hewlett Packard Enterprise by 4.2% in the 3rd quarter. Morgan Stanley now owns 15,879,051 shares of the technology company’s stock valued at $275,819,000 after purchasing an additional 634,727 shares during the period. Northern Trust Corp lifted its holdings in shares of Hewlett Packard Enterprise by 6.6% in the third quarter. Northern Trust Corp now owns 14,831,872 shares of the technology company’s stock valued at $257,630,000 after purchasing an additional 913,014 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Hewlett Packard Enterprise by 10.0% during the third quarter. AQR Capital Management LLC now owns 14,395,647 shares of the technology company’s stock worth $250,052,000 after buying an additional 1,309,878 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

About Hewlett Packard Enterprise

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.