Hewlett Packard Enterprise Co (NYSE:HPE) was upgraded by stock analysts at Credit Suisse Group AG to a “buy” rating in a research note issued to investors on Tuesday. The firm presently has a $21.00 target price on the technology company’s stock. Credit Suisse Group AG’s price target would suggest a potential upside of 11.76% from the company’s previous close.

HPE has been the topic of several other reports. Tigress Financial began coverage on Hewlett Packard Enterprise in a report on Monday, April 17th. They issued a “neutral” rating on the stock. Barclays PLC dropped their target price on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, May 10th. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, January 24th. Mizuho reissued a “neutral” rating and issued a $17.00 target price (down from $22.00) on shares of Hewlett Packard Enterprise in a report on Sunday, April 9th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $27.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, February 24th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and an average target price of $22.83.

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

Hewlett Packard Enterprise (NYSE:HPE) traded up 0.16% during midday trading on Tuesday, reaching $18.82. The company had a trading volume of 3,166,479 shares. The stock has a market capitalization of $31.20 billion, a PE ratio of 10.21 and a beta of 3.05. The company has a 50-day moving average of $18.49 and a 200-day moving average of $22.06. Hewlett Packard Enterprise has a 12-month low of $15.99 and a 12-month high of $19.16. Hewlett Packard Enterprise also was the target of unusually large options trading on Monday. Stock traders bought 5,446 put options on the stock. This is an increase of 695% compared to the typical daily volume of 685 put options.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Thursday, February 23rd. The technology company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Hewlett Packard Enterprise had a return on equity of 10.43% and a net margin of 6.31%. The business had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $12.09 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. On average, analysts predict that Hewlett Packard Enterprise will post $1.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Wednesday, June 14th will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Monday, June 12th. Hewlett Packard Enterprise’s payout ratio is 14.21%.

WARNING: “Hewlett Packard Enterprise Co (HPE) Lifted to Buy at Credit Suisse Group AG” was published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/05/23/hewlett-packard-enterprise-co-hpe-lifted-to-buy-at-credit-suisse-group-ag.html.

In other Hewlett Packard Enterprise news, EVP Christopher P. Hsu sold 31,421 shares of the company’s stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $23.50, for a total value of $738,393.50. Following the completion of the sale, the executive vice president now owns 31,422 shares in the company, valued at $738,417. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John F. Schultz sold 17,176 shares of the company’s stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $24.00, for a total value of $412,224.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,625,188 shares of company stock valued at $35,864,938. Company insiders own 0.87% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Park National bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $424,000. Nexus Investment Management bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $6,390,000. Beacon Capital Management bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $0. Tirschwell & Loewy bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $492,000. Finally, Edge Wealth Management bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $452,000. Institutional investors and hedge funds own 79.10% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

12 Month Chart for NYSE:HPE

Receive News & Ratings for Hewlett Packard Enterprise Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Co and related companies with MarketBeat.com's FREE daily email newsletter.