In a research note that was distributed to customers and investors on Tuesday, stock analysts at Barclays lowered their recommendation for Hewlett-Packard Enterprise (NYSE: HPE), moving it from an “overweight” rating to an “equal weight” rating, as stated in a report by The Fly.
Regarding HPE, a significant number of extra research studies have been written. Hewlett-Packard Enterprise (HPE), a company in the computer and technology industry, was added to the coverage universe of StockNews.com for the first time on October 12. They recommended that shareholders “hold” their shares of the company. Susquehanna Bancshares increased their price objective on Hewlett-Packard Enterprise from $15.00 to $16.00 based on research made public on Wednesday, November 30. Additionally, the company was given a rating of “neutral” by the investment company. According to a study released on November 30 by Deutsche Bank Aktiengesellschaft, the price target they have set for Hewlett-Packard Enterprise has increased from $15.00 to $16.00 over the past month. The Credit Suisse Group announced on Friday, December 2, that the target price for Hewlett-Packard Enterprise had been raised to $19.00. This information was included in a research report that was made public on Friday, December 2. In a research report released on November 30, Morgan Stanley gave Hewlett-Packard Enterprise an “underweight” rating, and their target price was increased from $12.00 to $13.00. The report was published on Wednesday. In conjunction with Black Friday, the report was made available for download. Two equity research professionals recommend selling the stock, five analysts recommend buying the stock, and six recommend holding on to their current positions. According to information made available by Bloomberg, the stock is currently given a ” Hold ” recommendation by the market’s analysts, and the price objective has been established at $17.00.
On Tuesday, shares of NYSE: HPE began trading at $16.96 each when the market opened. The company’s stock is currently valued at $21.74 billion. It has the following price-to-earnings ratio, price-to-earnings-to-growth ratio, and beta value: 25.70. The stock has traded at an average price of $15.69 per day over the past 50 trading days, while its price has been $14.25 per day on average over the past 200 trading days. There are many different types of financial ratios, including a debt-to-equity ratio of 0.39, a current ratio of 0.88, and a quick ratio of 0.66. Neil B. Macdonald, Executive Vice President and Chief Administrative Officer of Hewlett-Packard Enterprise, sold 2,452 shares on Tuesday, October 25. During the last year, the price of a share of Hewlett-Packard Enterprise has fluctuated between a low of $11.90 and a high of $17.76. The total number of traded shares was 33,347.20 worth, with an average price per share of $13.60. This resulted in the accumulation of cash. After the completion of the sale, the executive vice president will then directly hold 9,360 business shares. Based on the current market price, these shares are worth approximately $127,296. The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC. In other news about this topic, Senior Vice President Jeremy Cox completed the sale of 10,065 shares of company stock on November 30. The shares were sold for a total of $161,040.00, which works out to an average price of $16.00 per share divided by the number of shares sold. As a direct consequence of the transaction, the senior vice president now has direct ownership of 28,991 shares of the company’s stock. These shares have approximately $463,856, and the senior vice president now holds direct ownership. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction. In addition, Neil B. Macdonald, Executive Vice President of the company, sold 2,452 shares on October 25. Considering the average price paid for each share, which was $13.60, the total was $33,347. The stock was traded for twenty dollars’ worth, which resulted in cash accumulation. The executive vice president is now the owner of 9,360 company shares, which have a combined value of $127,296 as a direct consequence of the transaction. The disclosure about the purchase can be found in this particular location. Corporate insiders were responsible for the sale of 290,890 shares of stock during the most recent quarter, which resulted in total revenue of $4,550,380. 0.45% of the total number of shares in the company are owned privately by employees and other company insiders.
Several hedge funds and other types of institutional investors have recently increased the amount of stock they own in the company or decreased the amount of stock they own in the company overall. During the fourth quarter of 2018, Independence Bank of Kentucky invested $32,000 in Hewlett-Packard Enterprise. This investment was made during the same period as the previous one. In the fourth quarter, Insight Wealth Strategies LLC added 5.5% more Hewlett-Packard Enterprise stock to its holdings, bringing its total percentage of HPE shares to 75%. Insight Wealth Strategies LLC now holds 114,803 shares of the technology company’s stock, which have a value of $1,832,000. This resulted from the acquisition of 6,007 additional shares during the preceding quarter. In addition, an increase in Weiss Asset Management LP’s ownership of Hewlett-Packard Enterprise resulted in an investment of approximately $787,00 during the third quarter of the fiscal year. During the third quarter, EP Wealth Advisors LLC was able to amass a 27.9% increase in the number of shares of Hewlett-Packard Enterprise that it had in its possession. The current value of EP Wealth Advisors LLC’s holdings in the company, which consist of a total of 18,798 shares, is $225,000. Compared to the position they held three months ago, this represents an increase of 4,102 shares.
Last but not least, Toroso Investments LLC increased its holdings in Hewlett-Packard Enterprise during the third quarter by purchasing an additional 4,7 percent of the company’s shares. In addition, Toroso Investments LLC boosted its holdings in the technology company’s stock during the most recent quarter by purchasing an additional 1,209 shares. This brought the total number of shares it owns to 27,179, with a value of $326,000. Currently, 81.36% of the company’s stock is owned by institutional investors and individuals associated with hedge funds.
Customers in the Americas, Europe, the Middle East, Africa, Asia Pacific, and Japan can purchase solutions from Hewlett-Packard Enterprise Company that allow them to collect, analyze, and take immediate action based on data that is occurring in real time. Those solutions are available worldwide. The company is divided into six different business segments, which are as follows: compute, high-performance computing, artificial intelligence, storage, intelligent edge, financial services, other corporate investments, and others.
