Hewlett Packard Enterprise (NYSE:HPE) Stock Price Expected to Rise, Barclays Analyst Says

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its target price lifted by research analysts at Barclays from $24.00 to $27.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. Barclays's price target suggests a potential upside of 12.73% from the stock's current price.

HPE has been the subject of several other reports. Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $23.00 to $28.00 in a research note on Thursday. Stifel Nicolaus raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday. Susquehanna restated a "neutral" rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Finally, Loop Capital increased their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, September 9th. Seven investment 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.36.

Hewlett Packard Enterprise Trading Up 10.6 %

Shares of NYSE:HPE traded up $2.30 during mid-day trading on Friday, reaching $23.95. 37,723,244 shares of the company were exchanged, compared to its average volume of 10,814,675. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The firm's 50-day simple moving average is $20.90 and its 200 day simple moving average is $19.90. The firm has a market cap of $31.10 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 3.40 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.35 earnings per share. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.83 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Jeremy Cox sold 7,770 shares of the firm's stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the transaction, the senior vice president now owns 7,771 shares in the company, valued at $163,191. This trade represents a 50.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of the business's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the sale, the chief executive officer now owns 1,508,641 shares of the company's stock, valued at approximately $31,274,127.93. This represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Hedge funds have recently modified their holdings of the business. Retirement Systems of Alabama grew its holdings in shares of Hewlett Packard Enterprise by 16.0% during the third quarter. Retirement Systems of Alabama now owns 4,887,662 shares of the technology company's stock worth $100,002,000 after buying an additional 673,801 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $1,915,000. Synovus Financial Corp grew its stake in shares of Hewlett Packard Enterprise by 7.9% in the 3rd quarter. Synovus Financial Corp now owns 23,751 shares of the technology company's stock valued at $486,000 after purchasing an additional 1,732 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Hewlett Packard Enterprise by 169.0% in the third quarter. Tidal Investments LLC now owns 359,280 shares of the technology company's stock valued at $7,351,000 after purchasing an additional 225,719 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $507,000. 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.