Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “market perform” rating restated by investment analysts at BMO Capital Markets in a report released on Wednesday, September 6th. They presently have a $15.00 price target on the technology company’s stock, down from their previous price target of $18.00. BMO Capital Markets’ target price indicates a potential upside of 13.38% from the stock’s current price.
A number of other research analysts have also weighed in on the company. BidaskClub lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Morgan Stanley restated an “equal weight” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, August 18th. Robert W. Baird reiterated a “hold” rating and set a $19.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, June 7th. Barclays PLC raised their price target on Hewlett Packard Enterprise from $17.00 to $18.00 and gave the company an “underweight” rating in a report on Friday, September 1st. Finally, Bank of America Corporation cut Hewlett Packard Enterprise from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $15.00 to $13.00 in a report on Wednesday, September 6th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $19.03.
Shares of Hewlett Packard Enterprise (NYSE HPE) opened at 13.15 on Wednesday. Hewlett Packard Enterprise has a 52 week low of $12.26 and a 52 week high of $14.86. The stock’s 50 day moving average price is $13.64 and its 200-day moving average price is $13.66. The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of 9.97 and a beta of 2.72.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the prior year, the business earned $0.49 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts predict that Hewlett Packard Enterprise will post $1.38 earnings per share for the current year.
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In related news, CEO Margaret C. Whitman sold 389,668 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total value of $6,943,883.76. Following the sale, the chief executive officer now directly owns 962,433 shares of the company’s stock, valued at $17,150,556.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Margaret C. Whitman sold 62,652 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $16.71, for a total value of $1,046,914.92. Following the completion of the sale, the chief executive officer now directly owns 830,251 shares in the company, valued at $13,873,494.21. The disclosure for this sale can be found here. Insiders sold 1,963,677 shares of company stock worth $34,198,508 over the last ninety days. 0.87% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. WFG Advisors LP boosted its stake in Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after buying an additional 801 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in Hewlett Packard Enterprise by 6,858.7% in the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after buying an additional 7,476 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Hewlett Packard Enterprise by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Hewlett Packard Enterprise by 4.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after buying an additional 266 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at about $125,000. 80.21% of the stock is currently owned by institutional investors and hedge funds.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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