Hewlett Packard Enterprise (NYSE:HPE) Lowered to Hold Rating by Zacks Research

Hewlett Packard Enterprise (NYSE:HPE) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Sanford C. Bernstein assumed coverage on Hewlett Packard Enterprise in a research note on Tuesday, September 16th. They issued a “market perform” rating and a $24.00 price objective for the company. Wall Street Zen upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Barclays increased their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. UBS Group increased their price target on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. Finally, Wolfe Research assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $24.81.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $24.55 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $32.39 billion, a P/E ratio of 29.94, a P/E/G ratio of 2.52 and a beta of 1.43. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $25.36. The business’s 50-day moving average is $22.52 and its 200 day moving average is $19.12.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Maeve C. Culloty sold 3,738 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the sale, the director directly owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 543,738 shares of company stock valued at $12,922,932 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Institutional investors and hedge funds have recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at about $25,000. Bruce G. Allen Investments LLC increased its stake in shares of Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,318 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $26,000. Zions Bancorporation National Association UT purchased a new stake in Hewlett Packard Enterprise during the 1st quarter worth approximately $27,000. Finally, CVA Family Office LLC increased its stake in Hewlett Packard Enterprise by 126.7% during the 2nd quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock worth $29,000 after buying an additional 803 shares in the last quarter. Institutional investors and hedge funds 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.