Hewlett Packard Enterprise Co. (HPE) Given “Outperform” Rating at Sanford C. Bernstein
Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “outperform” rating restated by analysts at Sanford C. Bernstein in a report issued on Tuesday. They presently have a $24.50 price objective on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 8.02% from the company’s previous close.
Several other brokerages also recently weighed in on HPE. Credit Suisse Group AG reiterated an “outperform” rating and issued a $25.00 target price on shares of Hewlett Packard Enterprise in a research note on Saturday, September 3rd. Barclays PLC lifted their target price on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, September 8th. Wells Fargo & Co. downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 8th. Deutsche Bank AG lifted their target price on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Finally, Jefferies Group lifted their target price on Hewlett Packard Enterprise from $24.25 to $27.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $21.05.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 22.68 on Tuesday. The stock has a market capitalization of $37.77 billion and a PE ratio of 9.46. Hewlett Packard Enterprise has a 12 month low of $11.62 and a 12 month high of $23.00. The company’s 50 day moving average price is $21.73 and its 200 day moving average price is $18.80.
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Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The firm had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.64 billion. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities analysts anticipate that Hewlett Packard Enterprise will post $1.92 earnings per share for the current fiscal year.
In other Hewlett Packard Enterprise news, EVP Michael G. Nefkens sold 107,500 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $22.00, for a total transaction of $2,365,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Youngjohns sold 8,622 shares of the business’s stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $19.69, for a total value of $169,767.18. Following the sale, the executive vice president now directly owns 18,033 shares of the company’s stock, valued at approximately $355,069.77. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Hewlett Packard Enterprise during the second quarter worth about $100,000. Citizens Financial Group Inc RI increased its stake in Hewlett Packard Enterprise by 22.6% in the first quarter. Citizens Financial Group Inc RI now owns 5,809 shares of the company’s stock worth $103,000 after buying an additional 1,069 shares during the period. MCF Advisors LLC increased its stake in Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock worth $103,000 after buying an additional 2,501 shares during the period. Ropes Wealth Advisors LLC increased its stake in Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock worth $146,000 after buying an additional 195 shares during the period. Finally, Cedar Wealth Management LLC increased its stake in Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock worth $150,000 after buying an additional 1,251 shares during the period. 81.18% of the stock is owned by hedge funds and other institutional investors.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.
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