Hewlett Packard Enterprise (NYSE:HPE) was upgraded by stock analysts at Loop Capital from a “hold” rating to a “buy” rating in a research report issued on Tuesday, The Fly reports.
Several other brokerages also recently weighed in on HPE. Deutsche Bank increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, February 7th. They set a “neutral” rating and a $16.00 target price for the company. OTR Global downgraded shares of Hewlett Packard Enterprise to a “positive” rating in a research note on Tuesday, February 13th. Zacks Investment Research downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, Robert W. Baird reiterated a “hold” rating and set a $15.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.16.
Shares of Hewlett Packard Enterprise (NYSE HPE) opened at $16.39 on Tuesday. Hewlett Packard Enterprise has a 12 month low of $12.81 and a 12 month high of $24.88. The firm has a market cap of $26,022.35, a PE ratio of 78.05, a PEG ratio of 2.75 and a beta of 2.50. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43.
In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 42,314 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $14.00, for a total value of $592,396.00. Following the completion of the transaction, the executive vice president now directly owns 84,629 shares of the company’s stock, valued at $1,184,806. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Margaret C. Whitman sold 242,165 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $15.27, for a total transaction of $3,697,859.55. Following the completion of the transaction, the director now directly owns 1,705,823 shares of the company’s stock, valued at $26,047,917.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,407,123 shares of company stock valued at $22,389,810. 1.18% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of HPE. BB&T Securities LLC purchased a new position in Hewlett Packard Enterprise in the third quarter valued at about $156,000. Daiwa SB Investments Ltd. purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $156,000. Clear Harbor Asset Management LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $158,000. Empirical Financial Services LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $159,000. Finally, KCS Wealth Advisory purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $161,000. 83.66% of the stock is owned by institutional investors.
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About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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