Loop Capital Lowers Hewlett Packard Enterprise (NYSE:HPE) Price Target to $16.00

Hewlett Packard Enterprise (NYSE:HPE) had its target price dropped by analysts at Loop Capital from $24.00 to $16.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. Loop Capital’s target price points to a potential upside of 5.47% from the stock’s current price.

Several other equities research analysts have also issued reports on HPE. Susquehanna lowered their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Friday. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Barclays lowered their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Stifel Nicolaus raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average price target of $21.64.

Hewlett Packard Enterprise Trading Down 4.0 %

Shares of NYSE:HPE traded down $0.64 during trading on Monday, hitting $15.17. The company had a trading volume of 24,288,658 shares, compared to its average volume of 14,897,909. The stock has a market cap of $19.92 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. 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 company has a fifty day simple moving average of $21.47 and a two-hundred day simple moving average of $20.73. Hewlett Packard Enterprise has a one year low of $14.86 and a one year high of $24.66.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 11,577 shares of the business’s 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 owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in shares of Hewlett Packard Enterprise by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,561,022 shares of the technology company’s stock valued at $31,939,000 after acquiring an additional 68,892 shares during the period. Assetmark Inc. increased its holdings in shares of Hewlett Packard Enterprise by 212.6% in the third quarter. Assetmark Inc. now owns 67,602 shares of the technology company’s stock valued at $1,383,000 after purchasing an additional 45,976 shares during the period. Covestor Ltd raised its stake in shares of Hewlett Packard Enterprise by 165.8% in the third quarter. Covestor Ltd now owns 3,694 shares of the technology company’s stock worth $76,000 after purchasing an additional 2,304 shares during the last quarter. Sigma Planning Corp lifted its holdings in shares of Hewlett Packard Enterprise by 7.7% during the third quarter. Sigma Planning Corp now owns 37,125 shares of the technology company’s stock worth $760,000 after purchasing an additional 2,658 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in Hewlett Packard Enterprise by 7.5% in the third quarter. Crossmark Global Holdings Inc. now owns 254,663 shares of the technology company’s stock valued at $5,211,000 after buying an additional 17,717 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

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.