Hewlett Packard Enterprise (NYSE:HPE) Receives “Equal Weight” Rating from Morgan Stanley

Hewlett Packard Enterprise (NYSE:HPE)‘s stock had its “equal weight” rating reiterated by Morgan Stanley in a research note issued on Monday,Benzinga reports. They presently have a $25.00 price target on the technology company’s stock, down from their prior price target of $28.00. Morgan Stanley’s price target would indicate a potential upside of 9.58% from the stock’s current price.

HPE has been the topic of a number of other reports. Barclays raised their price objective on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Zacks Research lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Bank of America boosted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Susquehanna increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. Finally, Raymond James Financial lifted their target price on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.24.

Hewlett Packard Enterprise Stock Down 0.5%

Shares of HPE opened at $22.82 on Monday. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $26.44. The company’s fifty day moving average is $24.19 and its two-hundred day moving average is $21.23. The firm has a market cap of $30.10 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 1.28 and a beta of 1.43. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The firm had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.77 billion. During the same period last year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Analysts forecast that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Insider Activity at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director directly owned 83,869 shares in the company, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the sale, the chief executive officer directly owned 1,919,060 shares of the company’s stock, valued at $43,217,231.20. The trade was a 7.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 543,738 shares of company stock valued at $12,922,932. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors have recently modified their holdings of the stock. TFC Financial Management Inc. increased its holdings in Hewlett Packard Enterprise by 2,694.4% in the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock valued at $25,000 after buying an additional 970 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Hewlett Packard Enterprise by 176.7% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after acquiring an additional 666 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $30,000. Headlands Technologies LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $26,000. Finally, Clearstead Trust LLC raised its position in shares of Hewlett Packard Enterprise by 93.8% during the 3rd quarter. Clearstead Trust LLC now owns 1,291 shares of the technology company’s stock valued at $32,000 after acquiring an additional 625 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

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.