Hewlett Packard Enterprise (NYSE:HPE) Rating Lowered to “Buy” at StockNews.com

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

Several other research analysts also recently weighed in 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 note on Thursday, December 5th. Susquehanna restated a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Loop Capital lifted their target price 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. Finally, Barclays upped their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Stock Up 1.6 %

HPE traded up $0.35 during trading on Friday, hitting $21.82. The stock had a trading volume of 8,661,793 shares, compared to its average volume of 10,123,096. The stock has a 50 day simple moving average of $21.38 and a two-hundred day simple moving average of $20.22. The company has a market capitalization of $28.34 billion, a PE ratio of 11.48, a PEG ratio of 2.02 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.24.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at approximately $163,191. This represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 578,359 shares of company stock worth $12,380,028. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently bought and sold shares of HPE. RPg Family Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth $26,000. Hazlett Burt & Watson Inc. lifted its holdings in Hewlett Packard Enterprise by 571.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $28,000. Finally, Financial Management Professionals Inc. increased its stake in shares of Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

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.