Deutsche Bank Aktiengesellschaft Initiates Coverage on Hewlett Packard Enterprise (NYSE:HPE)

Research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise (NYSE:HPE) in a report released on Wednesday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $22.00 price target on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 7.11% from the company’s previous close.

Several other equities analysts have also recently weighed in on HPE. Citigroup started coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a “neutral” rating and a $20.00 price target for the company. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Susquehanna restated a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, September 6th. Morgan Stanley restated an “equal weight” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Finally, Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.36.

Hewlett Packard Enterprise Stock Down 1.5 %

NYSE HPE opened at $20.54 on Wednesday. The stock’s 50-day moving average price is $18.67 and its 200-day moving average price is $18.86. The company has a market capitalization of $26.67 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. On average, equities research analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,770 shares of the business’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 transaction, the senior vice president now owns 7,771 shares in the company, valued at $163,191. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 55,908 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $19.99, for a total value of $1,117,600.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 176,012 shares of company stock worth $3,417,117 in the last quarter. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several hedge funds have recently made changes to their positions in HPE. Sound Income Strategies LLC lifted its stake in shares of Hewlett Packard Enterprise by 1,765.3% during the 3rd quarter. Sound Income Strategies LLC now owns 11,117 shares of the technology company’s stock worth $227,000 after purchasing an additional 10,521 shares during the last quarter. CHICAGO TRUST Co NA lifted its stake in shares of Hewlett Packard Enterprise by 67.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after purchasing an additional 36,704 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Hewlett Packard Enterprise by 381.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 12,840 shares of the technology company’s stock worth $263,000 after purchasing an additional 10,171 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth $337,000. Finally, Ritholtz Wealth Management lifted its stake in shares of Hewlett Packard Enterprise by 27.5% during the 3rd quarter. Ritholtz Wealth Management now owns 67,411 shares of the technology company’s stock worth $1,379,000 after purchasing an additional 14,544 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

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.