Susquehanna Reiterates Neutral Rating for Hewlett Packard Enterprise (NYSE:HPE)

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report)'s stock had its "neutral" rating restated by research analysts at Susquehanna in a research note issued on Friday, Benzinga reports. They presently have a $20.00 price target on the technology company's stock. Susquehanna's price target would suggest a potential downside of 3.29% from the stock's current price.

HPE has been the topic of several other reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday. They set a "hold" rating and a $22.00 price objective on the stock. Citigroup initiated coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a "neutral" rating and a $20.00 price target on the stock. UBS Group raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, September 5th. 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 note on Tuesday, September 17th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $21.36.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded up $0.14 during trading hours on Friday, hitting $20.68. 8,485,299 shares of the company were exchanged, compared to its average volume of 15,814,741. The firm has a fifty day simple moving average of $18.70 and a 200-day simple moving average of $18.87. The company has a market capitalization of $26.86 billion, a PE ratio of 14.81, a PEG ratio of 3.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion for the quarter, compared to analysts' expectations of $7.67 billion. During the same quarter last year, the business posted $0.35 EPS. Hewlett Packard Enterprise's revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 83,334 shares of the 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 transaction, the chief executive officer now owns 1,758,641 shares of the company's stock, valued at approximately $34,680,400.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Fidelma Russo sold 55,908 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of the company's stock in a transaction dated Wednesday, September 25th. The shares were 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 owns 1,758,641 shares of the company's stock, valued at $34,680,400.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 176,012 shares of company stock valued at $3,417,117 over the last quarter. Insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several large investors have recently made changes to their positions in the business. Capital Investment Counsel Inc increased its position in Hewlett Packard Enterprise by 1.2% in the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company's stock worth $874,000 after buying an additional 500 shares during the period. First Horizon Advisors Inc. increased its position in Hewlett Packard Enterprise by 4.8% during the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company's stock worth $231,000 after acquiring an additional 501 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock valued at $2,363,000 after purchasing an additional 536 shares during the last quarter. Bailard Inc. boosted its holdings in Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock valued at $748,000 after purchasing an additional 580 shares during the period. Finally, Elo Mutual Pension Insurance Co grew its position in Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 119,347 shares of the technology company's stock worth $2,527,000 after purchasing an additional 598 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.