Susquehanna Lowers Hewlett Packard Enterprise (NYSE:HPE) Price Target to $15.00

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) had its price objective decreased by analysts at Susquehanna from $20.00 to $15.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. Susquehanna's price objective would suggest a potential downside of 5.15% from the stock's current price.

Several other analysts also recently weighed in on the company. Wells Fargo & Company cut their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Loop Capital increased their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Finally, Raymond James upgraded Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and increased their target price for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $22.21.

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Hewlett Packard Enterprise Stock Down 11.9 %

Shares of Hewlett Packard Enterprise stock traded down $2.15 during midday trading on Friday, hitting $15.82. The company had a trading volume of 81,923,511 shares, compared to its average volume of 14,855,802. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a market capitalization of $20.77 billion, a P/E ratio of 8.32, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a 50 day moving average of $21.47 and a 200 day moving average of $20.72. Hewlett Packard Enterprise has a 52-week low of $14.93 and a 52-week high of $24.66.

Insider Activity

In related news, SVP Jeremy Cox sold 11,577 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares of the company's stock, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary M. Reiner sold 50,000 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, the director now directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 324,395 shares of company stock valued at $7,121,896 in the last ninety days. 0.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors have recently bought and sold shares of the stock. Kathmere Capital Management LLC raised its holdings in Hewlett Packard Enterprise by 87.2% in the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock worth $544,000 after purchasing an additional 11,869 shares during the period. Lebenthal Global Advisors LLC increased its stake in Hewlett Packard Enterprise by 83.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after buying an additional 16,447 shares in the last quarter. Nordea Investment Management AB increased its stake in Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after buying an additional 1,885,559 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Hewlett Packard Enterprise by 78.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock worth $19,545,000 after buying an additional 401,016 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth $617,000. 80.78% of the stock is owned by institutional investors.

About Hewlett Packard Enterprise

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.