Hewlett Packard Enterprise Company (HPE) Given Buy Rating at Oppenheimer Holdings, Inc.

Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “buy” rating restated by analysts at Oppenheimer Holdings, Inc. in a report issued on Friday, September 1st. They currently have a $17.00 price target on the technology company’s stock. Oppenheimer Holdings, Inc.’s price target points to a potential upside of 25.74% from the stock’s current price. Oppenheimer Holdings also issued estimates for Hewlett Packard Enterprise’s FY2017 earnings at $1.38 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.28 EPS and FY2019 earnings at $1.21 EPS.

A number of other analysts have also weighed in on the stock. BidaskClub lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating and issued a $22.00 price target on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Barclays PLC decreased their price target on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, May 10th. Royal Bank Of Canada reissued a “hold” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, July 12th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Monday, June 5th. 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 assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $19.03.

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 13.52 on Friday. The firm’s 50-day moving average price is $13.61 and its 200-day moving average price is $13.66. The firm has a market capitalization of $22.21 billion, a P/E ratio of 10.25 and a beta of 2.72. Hewlett Packard Enterprise has a 12-month low of $12.26 and a 12-month high of $14.86.

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, beating the 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 company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Equities analysts predict that Hewlett Packard Enterprise will post $1.40 earnings per share for the current fiscal year.

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In related news, EVP Christopher P. Hsu sold 15,333 shares of the firm’s 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 transaction, the executive vice president now owns 15,333 shares of the company’s stock, valued at $270,934.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Margaret C. Whitman sold 62,652 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $16.71, for a total transaction of $1,046,914.92. Following the transaction, the chief executive officer now directly owns 830,251 shares in the company, valued at approximately $13,873,494.21. The disclosure for this sale can be found here. In the last three months, insiders sold 2,212,729 shares of company stock worth $37,471,052. 0.87% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dodge & Cox increased its position 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 purchasing an additional 25,852,541 shares during the last quarter. Vanguard Group Inc. increased its position in Hewlett Packard Enterprise by 1.4% during the second quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock valued at $1,839,114,000 after acquiring an additional 1,508,612 shares during the last quarter. BlackRock Inc. increased its position in Hewlett Packard Enterprise by 2,713.7% during 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 during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Hewlett Packard Enterprise by 32.7% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock valued at $1,117,081,000 after acquiring an additional 16,592,308 shares during the last quarter. Finally, Primecap Management Co. CA increased its position in Hewlett Packard Enterprise by 9.6% during the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock valued at $1,455,116,000 after acquiring an additional 5,394,147 shares during the last quarter. Institutional investors own 80.21% of the company’s stock.

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).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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