Susquehanna Issues Pessimistic Forecast for Hewlett Packard Enterprise (NYSE:HPE) Stock Price

Hewlett Packard Enterprise (NYSE:HPE) had its price target reduced by analysts at Susquehanna from $20.00 to $15.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Susquehanna’s price target would suggest a potential downside of 5.15% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Loop Capital raised their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded 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. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.21.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $15.82 on Friday. The business has a fifty day moving average of $21.47 and a two-hundred day moving average of $20.72. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.77 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 52-week low of $14.93 and a 52-week high of $24.66.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the sale, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 324,395 shares of company stock valued at $7,121,896 in the last ninety days. Insiders own 0.36% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors and hedge funds have recently made changes to their positions in the company. Kathmere Capital Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 87.2% in the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock valued at $544,000 after purchasing an additional 11,869 shares during the last quarter. Lebenthal Global Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 83.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after purchasing an additional 16,447 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after purchasing an additional 1,885,559 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 78.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock valued at $19,545,000 after purchasing an additional 401,016 shares during the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $617,000. 80.78% of the stock is 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.