Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $20.00 at Barclays

Hewlett Packard Enterprise (NYSE:HPE) had its target price increased by stock analysts at Barclays from $14.00 to $20.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Barclays‘s price target would suggest a potential upside of 1.27% from the company’s previous close.

Several other brokerages have also commented on HPE. Bank of America raised their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley raised their price objective on shares of Hewlett Packard Enterprise from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Susquehanna raised their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.36.

Hewlett Packard Enterprise Trading Up 12.2 %

Shares of Hewlett Packard Enterprise stock traded up $2.15 during trading on Wednesday, reaching $19.75. 51,806,552 shares of the stock were exchanged, compared to its average volume of 14,855,030. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $17.55 and its 200 day moving average is $16.73. The firm has a market cap of $25.68 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 3.32 and a beta of 1.18. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $20.43.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the business posted $0.32 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value 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 approximately $263,575.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently added to or reduced their stakes in HPE. Rise Advisors LLC raised its holdings in Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,051 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at $33,000. Salem Investment Counselors Inc. raised its stake in Hewlett Packard Enterprise by 180.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after buying an additional 1,261 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $35,000. Finally, American National Bank raised its stake in Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares during the last quarter. 80.78% of the stock is currently 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.