Hewlett Packard Enterprise (NYSE:HPE) Upgraded at StockNews.com

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Several other brokerages also recently commented on HPE. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Thursday, December 19th. Barclays upped their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Finally, Stifel Nicolaus boosted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Stock Up 1.0 %

Shares of Hewlett Packard Enterprise stock traded up $0.22 during trading on Wednesday, reaching $21.68. 14,718,858 shares of the company traded hands, compared to its average volume of 15,821,681. 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 firm has a market capitalization of $28.51 billion, a PE ratio of 11.41, a P/E/G ratio of 2.27 and a beta of 1.20. The company has a 50 day moving average price of $22.12 and a 200-day moving average price of $20.44. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. This represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.40% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently bought and sold shares of HPE. Eagle Asset Management Inc. raised its position in shares of Hewlett Packard Enterprise by 3,537.0% in the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after buying an additional 5,629,006 shares in the last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $105,185,000. Pacer Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock valued at $560,274,000 after acquiring an additional 4,194,213 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Hewlett Packard Enterprise by 92.5% during the third quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock worth $90,116,000 after purchasing an additional 2,116,824 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Hewlett Packard Enterprise by 35.1% in the fourth 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 in 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.