NEW YORK (TheStreet) -- Hewlett Packard Enterprise (HPE) shares are increasing 2.38% to $15.07 on Monday, its first trading day on the NYSE since computing giant Hewlett-Packard split into two separate entities over the weekend.

Hewlett Packard Enterprise will sell commercial computers systems, software and tech services, and HP Inc. (HPQ) - Get Report , which will also be traded on the NYSE, will sell computers and printers.

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio, commented on the two companies, saying: "The Enterprise business is being valued too cheaply and can be attractive, the Printer business -HP Inc is very cheap versus the stock of Lexmark-it has to buy Lexmark or alternatively, it needs the yen to get strong to undercut the dumping of printers."

CEO Meg Whitman, at the helms of Hewlett Packard Enterprise, said that the company has "the vision, financial resources and flexibility to help customers win while generating growth and long-term value for our shareholders."

However, the new enterprise company will have to face the growing challenges of cloud computing, the Wall Street Journal reports.

Separately, analysts at Credit Suisse this morning initiated coverage of the company with a "neutral" rating and a $19 price target.

Overall, the firm is cautious given "secular challenges in the IT market," but said that HPE has a "strong balance sheet."

As of 9:57 a.m., more than 3 million shares had changed hands.