Hewlett Packard Enterprise (NYSE:HPE) PT Raised to $19.00 at Wells Fargo & Company

Hewlett Packard Enterprise (NYSE:HPE) had its price objective raised by equities researchers at Wells Fargo & Company from $17.00 to $19.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 11.50% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus dropped their price target on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Evercore ISI dropped their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a report on Friday, March 1st. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Morgan Stanley boosted their target price on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $17.91.

Hewlett Packard Enterprise Trading Up 0.1 %

NYSE HPE opened at $17.04 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. Hewlett Packard Enterprise has a twelve month low of $13.65 and a twelve month high of $20.07. The firm has a market capitalization of $22.15 billion, a PE ratio of 11.75, a P/E/G ratio of 3.17 and a beta of 1.21. The stock’s 50 day moving average is $16.84 and its 200 day moving average is $16.41.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same period in the previous year, the company posted $0.38 earnings per share. The firm’s revenue was down 13.5% on a year-over-year basis. Research analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Institutional Trading of Hewlett Packard Enterprise

Several hedge funds have recently bought and sold shares of HPE. Two Sigma Advisers LP grew its holdings in Hewlett Packard Enterprise by 302.9% during the first quarter. Two Sigma Advisers LP now owns 4,865,700 shares of the technology company’s stock valued at $77,511,000 after purchasing an additional 3,658,100 shares during the period. Deutsche Bank AG grew its holdings in Hewlett Packard Enterprise by 47.8% during the first quarter. Deutsche Bank AG now owns 9,574,800 shares of the technology company’s stock valued at $152,527,000 after purchasing an additional 3,097,741 shares during the period. Epoch Investment Partners Inc. bought a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $51,384,000. Norges Bank bought a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $48,291,000. Finally, Renaissance Technologies LLC grew its holdings in Hewlett Packard Enterprise by 193.2% during the first quarter. Renaissance Technologies LLC now owns 4,273,700 shares of the technology company’s stock valued at $68,080,000 after purchasing an additional 2,816,100 shares during the period. Institutional investors own 80.78% of the company’s stock.

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.