Hewlett Packard Enterprise (NYSE:HPE) Upgraded to Buy by StockNews.com

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Several other brokerages have also commented on HPE. Stifel Nicolaus decreased their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Wells Fargo & Company raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $20.00 to $17.00 in a report on Tuesday, January 16th. Barclays cut their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, March 1st. Finally, Morgan Stanley lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus price target of $17.91.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $17.04 on Friday. The stock has a market capitalization of $22.15 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 3.17 and a beta of 1.21. Hewlett Packard Enterprise has a twelve month low of $13.65 and a twelve month high of $20.07. The stock has a 50-day moving average of $16.84 and a 200 day moving average of $16.41. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 EPS. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several hedge funds have recently bought and sold shares of HPE. IFP Advisors Inc grew its holdings in Hewlett Packard Enterprise by 16.0% during the 2nd quarter. IFP Advisors Inc now owns 4,241 shares of the technology company’s stock valued at $71,000 after buying an additional 584 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Hewlett Packard Enterprise by 7.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock valued at $159,000 after acquiring an additional 666 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Hewlett Packard Enterprise by 3.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock worth $405,000 after purchasing an additional 693 shares in the last quarter. Montgomery Investment Management Inc. raised its stake in Hewlett Packard Enterprise by 2.9% in the 4th quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock valued at $424,000 after purchasing an additional 700 shares during the last quarter. Finally, IMPACTfolio LLC lifted its holdings in Hewlett Packard Enterprise by 5.3% in the 4th quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock valued at $237,000 after purchasing an additional 705 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

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.