Hewlett Packard Enterprise Co. (NYSE:HPE) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Wednesday. They presently have a $25.21 target price on the stock. Vetr‘s price target suggests a potential upside of 9.04% from the company’s current price.

A number of other analysts have also recently commented on the company. Wells Fargo & Co. restated a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Monday, July 11th. Credit Suisse Group AG boosted their price objective on Hewlett Packard Enterprise from $21.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 1st. BMO Capital Markets restated a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Sunday, July 10th. Sanford C. Bernstein restated an “outperform” rating and issued a $24.50 price objective on shares of Hewlett Packard Enterprise in a research report on Tuesday. Finally, Zacks Investment Research upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Friday, August 19th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $21.03.

Hewlett Packard Enterprise (NYSE:HPE) traded up 2.21% on Wednesday, reaching $23.12. The company’s stock had a trading volume of 10,676,569 shares. The firm has a 50-day moving average of $21.84 and a 200 day moving average of $18.88. The company has a market capitalization of $38.51 billion and a price-to-earnings ratio of 9.65. Hewlett Packard Enterprise has a 12-month low of $11.62 and a 12-month high of $23.12.

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Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The company earned $12.20 billion during the quarter, compared to analysts’ expectations of $12.64 billion. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Hewlett Packard Enterprise will post $1.92 EPS for the current fiscal year.

In other Hewlett Packard Enterprise news, EVP Michael G. Nefkens sold 107,500 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $22.00, for a total transaction of $2,365,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Christopher P. Hsu sold 31,193 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $22.01, for a total value of $686,557.93. Following the sale, the chief operating officer now owns 31,192 shares in the company, valued at approximately $686,535.92. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Dodge & Cox increased its stake in shares of Hewlett Packard Enterprise by 3.0% in the first quarter. Dodge & Cox now owns 224,069,718 shares of the company’s stock valued at $3,972,756,000 after buying an additional 6,540,190 shares during the period. State Street Corp increased its stake in shares of Hewlett Packard Enterprise by 1.0% in the first quarter. State Street Corp now owns 84,485,271 shares of the company’s stock valued at $1,497,931,000 after buying an additional 797,867 shares during the period. Primecap Management Co. CA increased its stake in shares of Hewlett Packard Enterprise by 10.7% in the first quarter. Primecap Management Co. CA now owns 56,167,415 shares of the company’s stock valued at $995,848,000 after buying an additional 5,432,750 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Hewlett Packard Enterprise by 0.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 44,505,637 shares of the company’s stock valued at $813,118,000 after buying an additional 329,761 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of Hewlett Packard Enterprise by 8.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 27,055,545 shares of the company’s stock valued at $494,305,000 after buying an additional 2,126,559 shares during the period. Institutional investors own 80.69% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.

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To view Vetr’s full report, visit Vetr’s official website.

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