Hewlett Packard Enterprise (NYSE:HPE) Given New $15.00 Price Target at Susquehanna

Hewlett Packard Enterprise (NYSE:HPE) had its price target dropped by equities research analysts at Susquehanna from $20.00 to $15.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Susquehanna’s price objective indicates a potential downside of 5.15% from the stock’s current price.

Several other research firms have also recently issued reports on HPE. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Bank of America decreased their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Loop Capital boosted their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.21.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $15.82 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $21.47 and its two-hundred day moving average is $20.72. Hewlett Packard Enterprise has a 12-month low of $14.93 and a 12-month high of $24.66. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 2.03 and a beta of 1.20.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the transaction, the director now owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This represents a 32.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John F. Schultz sold 262,818 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 324,395 shares of company stock valued at $7,121,896 in the last quarter. 0.36% of the stock is currently owned by company insiders.

Institutional Trading of Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently made changes to their positions in HPE. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth $25,000. Putney Financial Group LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth $26,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $28,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $31,000. 80.78% of the stock is currently 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.