Hewlett Packard Enterprise (NYSE:HPE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hewlett Packard Enterprise (NYSE:HPE) from a buy rating to a strong-buy rating in a research note released on Sunday morning,Wall Street Zen reports.

A number of other research firms have also recently commented on HPE. JPMorgan Chase & Co. upped their price objective on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Barclays raised their target price on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Susquehanna upped their price target on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and increased their price target for the stock from $23.00 to $75.00 in a report on Tuesday, June 2nd. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $69.44.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $50.85 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $49.57 and a 200 day moving average price of $37.25. Hewlett Packard Enterprise has a 12-month low of $19.84 and a 12-month high of $64.25. The stock has a market cap of $67.34 billion, a P/E ratio of 47.52, a PEG ratio of 0.56 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.25. The company had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. Hewlett Packard Enterprise’s revenue was up 40.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.82) EPS. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 2.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $26,000. Delos Wealth Advisors LLC purchased a new position in Hewlett Packard Enterprise during the 2nd quarter valued at about $27,000. SJS Investment Consulting Inc. grew its position in Hewlett Packard Enterprise by 159.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock valued at $28,000 after acquiring an additional 716 shares in the last quarter. Union Savings Bank acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $30,000. Finally, First Bancorp Inc ME purchased a new position in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $30,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Key Hewlett Packard Enterprise News

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: Unusual options activity ahead of earnings suggests that some investors are taking bullish positions in HPE, signaling expectations for a favorable report or outlook. Unusual options volume in Hewlett Packard Enterprise Co ahead of earnings shows investors bullish on HPE
• Positive Sentiment: Deutsche Bank initiated coverage with a Buy rating and a $62 price target, while Bank of America raised its target to $82 and maintained a Buy rating. The recommendations reinforce the view that HPE’s valuation could benefit from continued AI infrastructure demand.
• Positive Sentiment: Recent commentary highlights strong demand for AI servers as a key driver of bullish earnings expectations for HPE. Resilient HPE stock climbs as AI server demand drives bullish earnings expectations
• Positive Sentiment: Zacks coverage points to HPE as a technology stock with potential to exceed quarterly earnings expectations, which could provide a near-term catalyst if confirmed by the company’s results. Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.