Hewlett Packard Enterprise (NYSE:HPE) Downgraded by StockNews.com

Hewlett Packard Enterprise (NYSE:HPE) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also recently commented on HPE. Evercore ISI reduced their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research note on Friday, March 1st. Barclays cut their target price 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. Morgan Stanley lifted their target price on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Finally, Stifel Nicolaus dropped their price target on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $17.91.

Hewlett Packard Enterprise Trading Up 1.2 %

NYSE HPE opened at $17.17 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. Hewlett Packard Enterprise has a one year low of $13.65 and a one year high of $20.07. The business has a 50 day simple moving average of $17.04 and a 200 day simple moving average of $16.41. The stock has a market capitalization of $22.32 billion, a P/E ratio of 11.84, a P/E/G ratio of 3.13 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The firm had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. Research analysts expect that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Insider Activity at Hewlett Packard Enterprise

In related 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 completion of the transaction, 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 available through this link. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors have recently modified their holdings of the company. Rise Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,051 shares during the period. Authentikos Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth approximately $31,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth approximately $33,000. Salem Investment Counselors Inc. lifted its holdings in Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after buying an additional 1,261 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $35,000. 80.78% of the stock is currently owned by institutional investors.

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.