Hewlett Packard Enterprise (NYSE:HPE) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research report issued on Thursday, Marketbeat.com reports. The firm currently has a $25.00 price target on the technology company's stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 19.67% from the stock's previous close.

Other analysts also recently issued reports about the company. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Susquehanna reissued a "neutral" rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. StockNews.com upgraded Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research report on Monday, December 9th. Stifel Nicolaus upped their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Citigroup upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Hewlett Packard Enterprise Trading Up 1.5 %

HPE traded up $0.30 during trading on Thursday, reaching $20.89. 18,371,453 shares of the company's stock were exchanged, compared to its average volume of 15,300,195. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The firm has a fifty day moving average price of $21.11 and a two-hundred day moving average price of $20.10. The stock has a market capitalization of $27.13 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21.

Insider Activity at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the transaction, the director now directly owns 104,192 shares in the company, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the business's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now directly owns 1,758,641 shares of the company's stock, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 717,601 shares of company stock valued at $15,140,976 in the last three months. Corporate insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company's stock worth $642,748,000 after purchasing an additional 251,076 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company's stock valued at $560,274,000 after purchasing an additional 4,194,213 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hewlett Packard Enterprise by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company's stock valued at $399,507,000 after purchasing an additional 822,722 shares in the last quarter. Legal & General Group Plc boosted its holdings in Hewlett Packard Enterprise by 3.8% during the second quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company's stock worth $358,602,000 after purchasing an additional 617,691 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Hewlett Packard Enterprise by 6.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company's stock worth $321,149,000 after purchasing an additional 921,624 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.