Barclays analyst Tim Long assigned a Hold rating to Hewlett Packard Enterprise (HPE – Research Report) on January 19 and set a price target of $15.00. The company’s shares opened today at $15.48.
Long covers the Technology sector, focusing on stocks such as Apple, Arista Networks, and Juniper Networks. According to TipRanks, Long has an average return of 12.8% and a 63.48% success rate on recommended stocks.
Currently, the analyst consensus on Hewlett Packard Enterprise is a Moderate Buy with an average price target of $18.00, which is a 16.28% upside from current levels. In a report released on January 16, Bernstein also downgraded the stock to a Hold with a $17.00 price target.
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The company has a one-year high of $17.87 and a one-year low of $13.33. Currently, Hewlett Packard Enterprise has an average volume of 11.75M.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HPE in relation to earlier this year.
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:
- DA Davidson SASE/SD-WAN analysts hold analyst/industry conference call
- HP Enterprise downgraded to Market Perform from Outperform at Bernstein
- Nokia price target raised to $6 from $5 at Northland
- ‘Likely Windfall Moment’: JPMorgan Says AI-Driven Growth Will Lift These 3 IT Hardware Stocks
- Juniper downgraded to Equal Weight from Overweight at Barclays
