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Susquehanna Keeps a Hold Rating on Hewlett Packard Enterprise (HPE)

Susquehanna analyst Mehdi Hosseini reiterated a Hold rating on Hewlett Packard Enterprise (HPEResearch Report) today and set a price target of $15.00. The company’s shares closed last Tuesday at $13.75, close to its 52-week low of $12.99.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 9.3% and a 51.1% success rate. Hosseini covers the Technology sector, focusing on stocks such as Keysight Technologies, National Instruments, and Super Micro Computer.

Currently, the analyst consensus on Hewlett Packard Enterprise is a Moderate Buy with an average price target of $16.95, a 19.4% upside from current levels. In a report issued on June 14, Deutsche Bank also downgraded the stock to Hold with a $16.00 price target.

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Hewlett Packard Enterprise’s market cap is currently $17.87B and has a P/E ratio of 4.94.

Based on the recent corporate insider activity of 69 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.

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 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.

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