Loop Capital Boosts Hewlett Packard Enterprise (NYSE:HPE) Price Target to $24.00

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its target price lifted by equities research analysts at Loop Capital from $18.00 to $24.00 in a report issued on Monday,Benzinga reports. The firm presently has a "hold" rating on the technology company's stock. Loop Capital's price objective indicates a potential upside of 3.87% from the stock's previous close.

Several other research firms also recently commented on HPE. Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price objective for the company from $23.00 to $26.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a "hold" rating and a $22.00 price objective for the company. Stifel Nicolaus increased their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday. Susquehanna reissued a "neutral" rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Finally, UBS Group increased their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, September 5th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $23.79.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE traded down $0.84 during trading hours on Monday, reaching $23.11. The stock had a trading volume of 22,239,388 shares, compared to its average volume of 15,270,270. The firm has a market cap of $30.01 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 3.74 and a beta of 1.21. 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 fifty-two week low of $14.47 and a fifty-two week high of $24.24. The firm has a 50-day moving average of $20.96 and a 200-day moving average of $19.95.

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 1,508,641 shares of the company's stock, valued at $31,274,127.93. This represents a 14.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares of the company's stock, valued at $163,191. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 426,012 shares of company stock worth $8,599,617. Corporate insiders own 0.40% of the company's stock.

Institutional Trading of Hewlett Packard Enterprise

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