Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “market perform” rating reaffirmed by analysts at BMO Capital Markets in a report released on Wednesday, September 6th. They presently have a $15.00 price objective on the technology company’s stock, down from their prior price objective of $18.00. BMO Capital Markets’ price objective indicates a potential upside of 10.95% from the company’s previous close.
Several other research firms have also commented on HPE. BidaskClub lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Morgan Stanley restated an “equal weight” rating and set 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 issued a $19.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, June 7th. Barclays PLC increased their price objective on shares of Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock an “underweight” rating in a research note on Friday, September 1st. Finally, Bank of America Corporation lowered shares of Hewlett Packard Enterprise from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $15.00 to $13.00 in a research note on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average target price of $19.03.
Shares of Hewlett Packard Enterprise (NYSE HPE) traded up 0.37% during midday trading on Wednesday, hitting $13.52. The company’s stock had a trading volume of 15,605,995 shares. The firm has a market cap of $22.21 billion, a P/E ratio of 10.25 and a beta of 2.72. 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 is $13.61 and its 200-day moving average is $13.66.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. Equities analysts predict that Hewlett Packard Enterprise will post $1.40 EPS for the current fiscal year.
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In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 132,192 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the completion of the sale, the chief executive officer now directly owns 865,021 shares in the company, valued at $14,454,500.91. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Margaret C. Whitman sold 389,668 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the completion of the transaction, the chief executive officer now directly owns 962,433 shares of the company’s stock, valued at approximately $17,150,556.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,212,729 shares of company stock valued at $37,471,052. 0.87% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of HPE. BlackRock Inc. lifted its stake in Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after acquiring an additional 95,915,907 shares during the last quarter. Dodge & Cox lifted its stake in Hewlett Packard Enterprise by 12.2% in the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after acquiring an additional 25,852,541 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Hewlett Packard Enterprise by 32.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after acquiring an additional 16,592,308 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Hewlett Packard Enterprise by 145.3% in the second quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock worth $170,315,000 after acquiring an additional 6,081,628 shares during the last quarter. Finally, Primecap Management Co. CA lifted its stake in Hewlett Packard Enterprise by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after acquiring an additional 5,394,147 shares during the last quarter. 80.21% of the stock is owned by institutional investors and hedge funds.
Hewlett Packard Enterprise Company Profile
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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