Hewlett Packard Enterprise Company (HPE) Upgraded to B- by TheStreet

Hewlett Packard Enterprise Company (NYSE:HPE) was upgraded by research analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Monday.

HPE has been the subject of several other research reports. Barclays PLC reiterated a “sell” rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, September 8th. CIBC dropped their price objective on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, July 4th. BidaskClub cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Royal Bank Of Canada reiterated a “hold” rating and issued a $15.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, October 11th. Finally, Loop Capital initiated coverage on Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 price objective for the company. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $18.05.

Hewlett Packard Enterprise (NYSE:HPE) opened at 14.61 on Monday. The company has a 50 day moving average price of $14.17 and a 200-day moving average price of $13.86. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 202.92 and a beta of 2.71. Hewlett Packard Enterprise has a 1-year low of $12.26 and a 1-year high of $15.12.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same period last year, the company earned $0.49 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts forecast that Hewlett Packard Enterprise will post $1.40 EPS for the current fiscal year.

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In other Hewlett Packard Enterprise news, EVP Christopher P. Hsu sold 15,333 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, July 20th. The stock was 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 approximately $270,934.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Henry Gomez sold 494,360 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $14.87, for a total value of $7,351,133.20. Following the completion of the sale, the executive vice president now directly owns 494,360 shares of the company’s stock, valued at approximately $7,351,133.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,670,867 shares of company stock valued at $56,224,264. 0.87% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the business. Dodge & Cox increased its holdings in shares of Hewlett Packard Enterprise by 12.2% in the 2nd quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after purchasing an additional 25,852,541 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Hewlett Packard Enterprise by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock worth $1,839,114,000 after purchasing an additional 1,508,612 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Hewlett Packard Enterprise by 2,713.7% in the 1st quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after purchasing an additional 95,915,907 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 32.7% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after purchasing an additional 16,592,308 shares in the last quarter. Finally, Primecap Management Co. CA increased its holdings in shares of Hewlett Packard Enterprise by 9.6% in the 1st quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after purchasing an additional 5,394,147 shares in the last quarter. 81.34% of the stock is 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).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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