Hewlett Packard Enterprise (NYSE:HPE) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Hewlett Packard Enterprise (NYSE:HPE) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a note issued to investors on Thursday,Finviz reports. The firm presently has a $25.00 price target on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 21.42% from the company’s current price.

A number of other equities analysts also recently commented on HPE. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. StockNews.com raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th. Barclays increased their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus boosted 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, December 6th. Finally, Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Stock Down 4.4 %

Shares of Hewlett Packard Enterprise stock opened at $20.59 on Thursday. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.24. The company has a 50 day moving average of $21.11 and a 200 day moving average of $20.10. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $26.74 billion, a P/E ratio of 10.84, a P/E/G ratio of 2.64 and a beta of 1.21.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now 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 quarter, insiders sold 717,601 shares of company stock worth $15,140,976. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors have recently added to or reduced their stakes in the business. Retirement Systems of Alabama boosted its stake in shares of Hewlett Packard Enterprise by 16.0% in the third quarter. Retirement Systems of Alabama now owns 4,887,662 shares of the technology company’s stock valued at $100,002,000 after buying an additional 673,801 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at $1,915,000. Synovus Financial Corp boosted its position in shares of Hewlett Packard Enterprise by 7.9% during the 3rd 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 grew its stake in shares of Hewlett Packard Enterprise by 169.0% during the 3rd 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 during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $507,000. Hedge funds and other 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.