Susquehanna Has Lowered Expectations for Hewlett Packard Enterprise (NYSE:HPE) Stock Price

Hewlett Packard Enterprise (NYSE:HPE) had its price objective dropped by Susquehanna from $20.00 to $15.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Susquehanna’s target price would indicate a potential downside of 1.65% from the stock’s previous close.

A number of other research analysts have also commented on HPE. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Thursday, December 19th. Wells Fargo & Company reduced their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $26.00 in a report on Friday, December 6th. Loop Capital increased their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Stifel Nicolaus upped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Hewlett Packard Enterprise Stock Down 15.1 %

Shares of NYSE HPE traded down $2.71 during mid-day trading on Friday, reaching $15.25. The company had a trading volume of 32,068,167 shares, compared to its average volume of 14,753,884. The firm has a 50 day simple moving average of $21.58 and a two-hundred day simple moving average of $20.73. Hewlett Packard Enterprise has a 52-week low of $14.09 and a 52-week high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.03 billion, a P/E ratio of 8.02, a PEG ratio of 2.03 and a beta of 1.19.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 324,395 shares of company stock valued at $7,121,896. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Kathmere Capital Management LLC raised its stake in Hewlett Packard Enterprise by 87.2% during the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after acquiring an additional 11,869 shares in the last quarter. Lebenthal Global Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 83.7% during the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock worth $771,000 after buying an additional 16,447 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 78.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock worth $19,545,000 after acquiring an additional 401,016 shares in the last quarter. Finally, USA Financial Formulas bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at $617,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

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.