Hewlett Packard Enterprise Company (NYSE:HPE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $69.4375.

Several equities analysts recently commented on HPE shares. Weiss Ratings upgraded shares of Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Barclays upped their target price on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Truist Financial restated a “buy” rating and issued a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Zacks Research downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $71.00 to $69.00 in a report on Monday, August 10th.

Insider Buying and Selling

In other news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Freemont Management S.A. increased its holdings in shares of Hewlett Packard Enterprise by 197.1% during the fourth quarter. Freemont Management S.A. now owns 217,200 shares of the technology company’s stock valued at $5,217,000 after acquiring an additional 144,100 shares in the last quarter. CIBC Asset Management Inc grew its position in Hewlett Packard Enterprise by 60.2% in the 4th quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company’s stock worth $8,111,000 after purchasing an additional 126,938 shares during the period. Irenic Capital Management LP purchased a new stake in Hewlett Packard Enterprise during the 1st quarter valued at $18,691,000. Banque Cantonale Vaudoise raised its stake in Hewlett Packard Enterprise by 73.6% during the 4th quarter. Banque Cantonale Vaudoise now owns 234,456 shares of the technology company’s stock valued at $5,632,000 after buying an additional 99,412 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Hewlett Packard Enterprise by 33.0% during the 4th quarter. Handelsbanken Fonder AB now owns 615,334 shares of the technology company’s stock valued at $14,780,000 after buying an additional 152,810 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

More Hewlett Packard Enterprise News

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: Unusual options activity ahead of earnings suggests that some investors are taking bullish positions in HPE, signaling expectations for a favorable report or outlook. Unusual options volume in Hewlett Packard Enterprise Co ahead of earnings shows investors bullish on HPE
• Positive Sentiment: Deutsche Bank initiated coverage with a Buy rating and a $62 price target, while Bank of America raised its target to $82 and maintained a Buy rating. The recommendations reinforce the view that HPE’s valuation could benefit from continued AI infrastructure demand.
• Positive Sentiment: Recent commentary highlights strong demand for AI servers as a key driver of bullish earnings expectations for HPE. Resilient HPE stock climbs as AI server demand drives bullish earnings expectations
• Positive Sentiment: Zacks coverage points to HPE as a technology stock with potential to exceed quarterly earnings expectations, which could provide a near-term catalyst if confirmed by the company’s results. Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now

Hewlett Packard Enterprise Stock Down 2.7%

Shares of HPE stock opened at $50.85 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise has a 1 year low of $19.84 and a 1 year high of $64.25. The firm’s fifty day moving average price is $49.57 and its two-hundred day moving average price is $37.25. The firm has a market capitalization of $67.34 billion, a P/E ratio of 47.52, a PEG ratio of 0.56 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same period in the prior year, the business posted ($0.82) EPS. The company’s quarterly revenue was up 40.0% on a year-over-year basis. On average, equities analysts predict that Hewlett Packard Enterprise will post 2.92 EPS for the current fiscal year.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.