Loop Capital Reiterates Hold Rating for Hewlett Packard Enterprise Company (HPE)

Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “hold” rating restated by analysts at Loop Capital in a note issued to investors on Friday. They currently have a $14.50 price objective on the technology company’s stock, down from their previous price objective of $17.00. Loop Capital’s target price would suggest a potential upside of 10.52% from the company’s previous close.

Other research analysts have also issued reports about the stock. Credit Suisse Group restated a “buy” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. CIBC reduced their target price on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, July 4th. Mizuho restated a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and issued a $22.00 target price on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $17.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Hewlett Packard Enterprise has an average rating of “Hold” and an average price target of $19.03.

Shares of Hewlett Packard Enterprise (HPE) traded down 0.98% during trading on Friday, reaching $13.12. 24,308,651 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $13.68 and a 200-day moving average price of $13.68. Hewlett Packard Enterprise has a 52 week low of $11.99 and a 52 week high of $14.86. The stock has a market capitalization of $21.55 billion, a price-to-earnings ratio of 9.95 and a beta of 2.72.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. Analysts predict that Hewlett Packard Enterprise will post $1.39 earnings per share for the current year.

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In other Hewlett Packard Enterprise news, EVP Christopher P. Hsu sold 15,333 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $17.67, for a total value of $270,934.11. Following the completion of the sale, the executive vice president now owns 15,333 shares of the company’s stock, valued at $270,934.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Margaret C. Whitman sold 132,192 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $14,454,500.91. The disclosure for this sale can be found here. Insiders sold 1,963,677 shares of company stock valued at $34,198,508 in the last ninety days. 0.87% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. OMERS ADMINISTRATION Corp acquired a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $2,193,000. Parallel Advisors LLC grew its position in Hewlett Packard Enterprise by 11.6% in the first quarter. Parallel Advisors LLC now owns 10,562 shares of the technology company’s stock valued at $197,000 after acquiring an additional 1,095 shares in the last quarter. BlackRock Inc. grew its position 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 valued at $2,356,975,000 after acquiring an additional 95,915,907 shares in the last quarter. Alpha Windward LLC grew its position in Hewlett Packard Enterprise by 11.8% in the second quarter. Alpha Windward LLC now owns 20,667 shares of the technology company’s stock valued at $343,000 after acquiring an additional 2,188 shares in the last quarter. Finally, IBM Retirement Fund grew its position in Hewlett Packard Enterprise by 110.6% in the second quarter. IBM Retirement Fund now owns 40,569 shares of the technology company’s stock valued at $752,000 after acquiring an additional 21,307 shares in the last quarter. 80.21% of the stock is owned by institutional investors.

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).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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