Hewlett Packard Enterprise (NYSE:HPE) Downgraded by Morgan Stanley to Equal Weight

Hewlett Packard Enterprise (NYSE:HPE) was downgraded by Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Tuesday,Briefing.com Automated Import reports. They presently have a $14.00 target price on the technology company’s stock. Morgan Stanley’s price objective suggests a potential upside of 1.09% from the company’s current price.

HPE has been the topic of several other research reports. Barclays decreased their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a report on Wednesday, March 12th. Loop Capital reduced their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Bank of America decreased their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.60.

Hewlett Packard Enterprise Trading Up 3.9 %

Hewlett Packard Enterprise stock opened at $13.85 on Tuesday. The business has a 50 day moving average price of $18.43 and a two-hundred day moving average price of $20.33. 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 $11.97 and a 12 month high of $24.66. The stock has a market cap of $18.19 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several hedge funds have recently bought and sold shares of HPE. Mather Group LLC. boosted its stake in shares of Hewlett Packard Enterprise by 6.2% in the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock valued at $161,000 after purchasing an additional 440 shares in the last quarter. Lakewood Asset Management LLC grew its stake in shares of Hewlett Packard Enterprise by 0.4% during the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock worth $2,242,000 after buying an additional 457 shares during the last quarter. Essex Financial Services Inc. lifted its stake in shares of Hewlett Packard Enterprise by 3.6% in the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock valued at $286,000 after acquiring an additional 461 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 0.8% during the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after acquiring an additional 475 shares in the last quarter. Finally, Aviso Financial Inc. grew its position in Hewlett Packard Enterprise by 0.9% during the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock worth $1,154,000 after acquiring an additional 490 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.