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

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

Other equities research analysts have also recently issued reports about the stock. Susquehanna reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report 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 report on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $21.27 on Thursday. The firm has a fifty day moving average price of $22.06 and a 200 day moving average price of $20.45. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The stock has a market cap of $27.97 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19.

Insider Activity

In other news, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the sale, the senior vice president now directly owns 61,735 shares in the company, valued at $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 270,430 shares in the company, valued at $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. Insiders have sold 332,166 shares of company stock worth $7,300,629 over the last ninety days. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Hewlett Packard Enterprise

Several large investors have recently modified their holdings of HPE. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $26,000. Hara Capital LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. Financial Management Professionals Inc. lifted 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 valued at $29,000 after buying an additional 637 shares during the period. Finally, Tandem Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $32,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.