In a report released today, Ananda Baruah from Loop Capital Markets maintained a Hold rating on Hewlett Packard Enterprise (HPE – Research Report), with a price target of $17.00. The company’s shares closed last Friday at $16.89.
According to TipRanks, Baruah is a 4-star analyst with an average return of 6.4% and a 53.66% success rate. Baruah covers the Technology sector, focusing on stocks such as Cirrus Logic, HP, and NetApp.
Currently, the analyst consensus on Hewlett Packard Enterprise is a Moderate Buy with an average price target of $18.10, representing a 7.16% upside. In a report released on November 30, Morgan Stanley also upgraded the stock to a Hold with a $16.00 price target.
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HPE market cap is currently $21.67B and has a P/E ratio of 10.97.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HPE in relation to earlier this year. Most recently, in September 2023, Black Thomas E Jr, the EVP, GM, Storage of HPE sold 8,950.00 shares for a total of $156,446.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Hewlett Packard Enterprise (HPE) Company Description:
Hewlett Packard Enterprise Co. engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides a broad portfolio of services-led and software-enabled infrastructure and solutions. The Intelligent Edge segment comprises of enterprise networking and security solutions for businesses of any size, offering secure connectivity for campus and branch environments, operating under the Aruba brand. The Financial Services segment offers investment solutions, such as leasing, financing, information technology consumption, utility programs and asset management services. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects. The company was founded in 1939 and is headquartered in San Jose, CA.
Read More on HPE:
- Morgan Stanley Upgrades HP Enterprise (NYSE:HPE), Shares Rise
- Snap upgraded, Okta downgraded: Wall Street’s top analyst calls
- HP Enterprise announces expanded collaboration with Nvidia
- HP Enterprise upgraded to Equal Weight from Underweight at Morgan Stanley
- Analysts are Split on HP Enterprise (NYSE:HPE) after Earnings Report
