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

Hewlett Packard Enterprise (NYSE:HPE) had its target price raised by equities research analysts at Loop Capital from $18.00 to $24.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Loop Capital’s price target indicates a potential upside of 9.49% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the company from $23.00 to $26.00 in a research note on Friday, December 6th. UBS Group raised their price objective on shares of 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 upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Finally, Barclays increased their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.79.

Hewlett Packard Enterprise Stock Performance

HPE opened at $21.92 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.24. The business has a 50 day moving average of $20.96 and a 200-day moving average of $19.95. The stock has a market cap of $28.47 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 3.74 and a beta of 1.21.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value 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 approximately $34,680,400.52. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 433,783 shares of company stock valued at $8,778,350. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its position in shares of Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after purchasing an additional 251,076 shares during the period. Pacer Advisors Inc. increased its position in shares of Hewlett Packard Enterprise by 18.1% during the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after buying an additional 4,194,213 shares during the period. Dimensional Fund Advisors LP raised its stake in Hewlett Packard Enterprise by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company’s stock worth $399,507,000 after buying an additional 822,722 shares during the last quarter. Legal & General Group Plc lifted its holdings in Hewlett Packard Enterprise by 3.8% in the second quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock valued at $358,602,000 after buying an additional 617,691 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Hewlett Packard Enterprise by 6.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock valued at $321,149,000 after acquiring an additional 921,624 shares during the last quarter. Institutional investors and hedge funds 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.