Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Morgan Stanley in a report released on Friday, August 18th. They currently have a $18.00 price target on the technology company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 0.28% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, June 5th. Robert W. Baird reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Barclays PLC reiterated an “underweight” rating and set a $17.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. BidaskClub upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Berenberg Bank set a $17.00 target price on shares of Hewlett Packard Enterprise and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $21.67.

Hewlett Packard Enterprise (NYSE HPE) remained flat at $17.95 during trading on Friday. The company had a trading volume of 9,035,773 shares. The stock has a market cap of $29.49 billion, a PE ratio of 13.61 and a beta of 2.74. The stock’s 50 day moving average is $17.41 and its 200 day moving average is $17.65. Hewlett Packard Enterprise has a 12-month low of $15.49 and a 12-month high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The company had revenue of $9.90 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the business earned $0.42 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was down 22.1% on a year-over-year basis. On average, equities research analysts forecast that Hewlett Packard Enterprise will post $1.45 earnings per share for the current fiscal year.

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In other Hewlett Packard Enterprise news, EVP Christopher P. Hsu sold 11,515 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $18.80, for a total value of $216,482.00. Following the completion of the sale, the executive vice president now owns 24,083 shares of the company’s stock, valued at $452,760.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 62,652 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 830,251 shares of the company’s stock, valued at approximately $13,873,494.21. The disclosure for this sale can be found here. Insiders sold 1,975,192 shares of company stock valued at $34,414,990 in the last ninety days. Insiders own 0.87% of the company’s stock.

A number of large investors have recently modified their holdings of HPE. Boston Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 5.2% in the first quarter. Boston Advisors LLC now owns 19,765 shares of the technology company’s stock valued at $468,000 after buying an additional 976 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at about $125,000. OLD Point Trust & Financial Services N A increased its stake in shares of Hewlett Packard Enterprise by 6.6% in the first quarter. OLD Point Trust & Financial Services N A now owns 114,510 shares of the technology company’s stock valued at $2,713,000 after buying an additional 7,100 shares in the last quarter. Wagner Bowman Management Corp increased its stake in shares of Hewlett Packard Enterprise by 12.5% in the first quarter. Wagner Bowman Management Corp now owns 11,906 shares of the technology company’s stock valued at $282,000 after buying an additional 1,321 shares in the last quarter. Finally, James Investment Research Inc. increased its stake in shares of Hewlett Packard Enterprise by 8.8% in the first quarter. James Investment Research Inc. now owns 5,580 shares of the technology company’s stock valued at $132,000 after buying an additional 450 shares in the last quarter. 79.80% of the stock is owned by hedge funds and other institutional investors.

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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