Hewlett Packard Enterprise Company (NYSE:HPE) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Monday.

A number of other brokerages have also issued reports on HPE. Royal Bank Of Canada reaffirmed a “hold” rating and set a $15.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. BidaskClub lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, August 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Tuesday, October 10th. Finally, Deutsche Bank AG lowered their price target on Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Hewlett Packard Enterprise has an average rating of “Hold” and a consensus target price of $18.05.

Shares of Hewlett Packard Enterprise (HPE) opened at 14.61 on Monday. Hewlett Packard Enterprise has a 1-year low of $12.26 and a 1-year high of $15.12. The company’s 50 day moving average price is $14.17 and its 200-day moving average price is $13.86. The firm has a market cap of $23.66 billion, a price-to-earnings ratio of 202.92 and a beta of 2.71.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. Hewlett Packard Enterprise’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. Equities analysts expect that Hewlett Packard Enterprise will post $1.40 EPS for the current fiscal year.

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In other Hewlett Packard Enterprise news, EVP Christopher P. Hsu sold 15,333 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $17.67, for a total value of $270,934.11. Following the completion of the sale, the executive vice president now owns 15,333 shares of the company’s stock, valued at $270,934.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Margaret C. Whitman sold 1,494,094 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $14.27, for a total value of $21,320,721.38. Following the completion of the sale, the chief executive officer now directly owns 1,514,639 shares of the company’s stock, valued at approximately $21,613,898.53. The disclosure for this sale can be found here. Insiders sold 3,670,867 shares of company stock valued at $56,224,264 in the last ninety days. Insiders own 0.87% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dodge & Cox lifted its position in shares of Hewlett Packard Enterprise by 12.2% during the 2nd quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after purchasing an additional 25,852,541 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Hewlett Packard Enterprise by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock worth $1,839,114,000 after purchasing an additional 1,508,612 shares during the last quarter. BlackRock Inc. lifted its position in shares of Hewlett Packard Enterprise by 2,713.7% during the 1st quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after purchasing an additional 95,915,907 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Hewlett Packard Enterprise by 32.7% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after purchasing an additional 16,592,308 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Hewlett Packard Enterprise by 9.6% during the 1st quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after purchasing an additional 5,394,147 shares during the last quarter. 81.34% of the stock is owned by institutional investors and hedge funds.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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