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.
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).
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