Hewlett Packard Enterprise Company (HPE) Downgraded by UBS AG to Neutral

UBS AG lowered shares of Hewlett Packard Enterprise Company (NYSE:HPE) from a buy rating to a neutral rating in a research note released on Friday morning. They currently have $15.00 target price on the technology company’s stock, down from their prior target price of $16.00.

HPE has been the topic of a number of other reports. Barclays PLC reaffirmed a sell rating and set a $14.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, September 8th. CIBC dropped their price objective on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a buy rating on the stock in a research note on Tuesday, July 4th. BidaskClub downgraded shares of Hewlett Packard Enterprise from a hold rating to a sell rating in a research note on Saturday, August 5th. Royal Bank Of Canada reiterated a hold rating and set a $15.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 11th. Finally, Loop Capital initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, August 22nd. They set a hold rating and a $17.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $17.79.

Shares of Hewlett Packard Enterprise (NYSE HPE) traded up 1.30% during mid-day trading on Friday, hitting $14.04. The stock had a trading volume of 12,664,357 shares. The company’s 50 day moving average is $14.23 and its 200-day moving average is $13.88. Hewlett Packard Enterprise has a 52-week low of $12.43 and a 52-week high of $15.12. The stock has a market cap of $22.74 billion, a P/E ratio of 195.00 and a beta of 2.71.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The business 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 period last year, the company posted $0.49 earnings per share. On average, equities research analysts anticipate that Hewlett Packard Enterprise will post $1.39 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://ledgergazette.com/2017/10/21/hewlett-packard-enterprise-company-hpe-downgraded-by-ubs-ag-to-neutral.html.

Hewlett Packard Enterprise declared that its board has initiated a share buyback program on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

In other Hewlett Packard Enterprise news, EVP Henry Gomez sold 494,360 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total value of $7,351,133.20. Following the completion of the transaction, the executive vice president now owns 494,360 shares of the company’s stock, valued at $7,351,133.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Margaret C. Whitman sold 138,401 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $17.45, for a total transaction of $2,415,097.45. Following the completion of the transaction, the chief executive officer now directly owns 896,720 shares of the company’s stock, valued at approximately $15,647,764. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,655,534 shares of company stock valued at $55,953,330. Corporate insiders own 0.87% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. WFG Advisors LP raised its holdings in shares of Hewlett Packard Enterprise by 15.3% during the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after purchasing an additional 801 shares during the last quarter. Archford Capital Strategies LLC raised its holdings in shares of Hewlett Packard Enterprise by 6,858.7% during the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after purchasing an additional 7,476 shares during the last quarter. YorkBridge Wealth Partners LLC raised its holdings in shares of Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after purchasing an additional 200 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Hewlett Packard Enterprise by 4.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after purchasing an additional 266 shares

HPE has been the topic of a number of other reports. Barclays PLC reaffirmed a sell rating and set a $14.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, September 8th. CIBC dropped their price objective on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a buy rating on the stock in a research note on Tuesday, July 4th. BidaskClub downgraded shares of Hewlett Packard Enterprise from a hold rating to a sell rating in a research note on Saturday, August 5th. Royal Bank Of Canada reiterated a hold rating and set a $15.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 11th. Finally, Loop Capital initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, August 22nd. They set a hold rating and a $17.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $17.79.

Shares of Hewlett Packard Enterprise (NYSE HPE) traded up 1.30% during mid-day trading on Friday, hitting $14.04. The stock had a trading volume of 12,664,357 shares. The company’s 50 day moving average is $14.23 and its 200-day moving average is $13.88. Hewlett Packard Enterprise has a 52-week low of $12.43 and a 52-week high of $15.12. The stock has a market cap of $22.74 billion, a P/E ratio of 195.00 and a beta of 2.71.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The business 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 period last year, the company posted $0.49 earnings per share. On average, equities research analysts anticipate that Hewlett Packard Enterprise will post $1.39 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://ledgergazette.com/2017/10/21/hewlett-packard-enterprise-company-hpe-downgraded-by-ubs-ag-to-neutral.html.

Hewlett Packard Enterprise declared that its board has initiated a share buyback program on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

In other Hewlett Packard Enterprise news, EVP Henry Gomez sold 494,360 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total value of $7,351,133.20. Following the completion of the transaction, the executive vice president now owns 494,360 shares of the company’s stock, valued at $7,351,133.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Margaret C. Whitman sold 138,401 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $17.45, for a total transaction of $2,415,097.45. Following the completion of the transaction, the chief executive officer now directly owns 896,720 shares of the company’s stock, valued at approximately $15,647,764. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,655,534 shares of company stock valued at $55,953,330. Corporate insiders own 0.87% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. WFG Advisors LP raised its holdings in shares of Hewlett Packard Enterprise by 15.3% during the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after purchasing an additional 801 shares during the last quarter. Archford Capital Strategies LLC raised its holdings in shares of Hewlett Packard Enterprise by 6,858.7% during the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after purchasing an additional 7,476 shares during the last quarter. YorkBridge Wealth Partners LLC raised its holdings in shares of Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after purchasing an additional 200 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Hewlett Packard Enterprise by 4.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after purchasing an additional 266 shares during the last quarter. Finally, Harfst & Associates Inc. purchased a new position in shares of Hewlett Packard Enterprise during the first quarter worth $127,000. 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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