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

Hewlett Packard Enterprise (NYSE:HPE) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

HPE has been the topic of a number of other research reports. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Barclays increased their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $21.27 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company has a market cap of $27.97 billion, a P/E ratio of 11.19, a P/E/G ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66. The firm’s 50 day moving average is $22.06 and its two-hundred day moving average is $20.45.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the transaction, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at $1,419,905. This trade represents a 11.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 332,166 shares of company stock valued at $7,300,629. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth $26,000. Hara Capital LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $28,000. Financial Management Professionals Inc. grew its holdings in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after acquiring an additional 637 shares in the last quarter. Finally, Tandem Financial LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $32,000. 80.78% of the stock is owned by institutional investors and hedge funds.

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.