Hewlett Packard Enterprise Company (HPE) Given “Equal Weight” Rating at Morgan Stanley
Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “equal weight” rating restated by equities research analysts at Morgan Stanley in a note issued to investors on Friday. They currently have a $18.00 price target on the technology company’s stock. Morgan Stanley’s price target would suggest a potential upside of 4.77% from the company’s previous close.
Several other equities analysts have also recently issued reports on the stock. CIBC reduced their price target on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Maxim Group reiterated a “hold” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, July 14th. BidaskClub cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Credit Suisse Group reiterated an “outperform” rating on shares of Hewlett Packard Enterprise in a research report on Saturday, June 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.87.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 0.69% during mid-day trading on Friday, reaching $17.18. The company’s stock had a trading volume of 9,559,965 shares. The company’s 50-day moving average is $17.32 and its 200 day moving average is $17.63. Hewlett Packard Enterprise has a 12 month low of $15.49 and a 12 month high of $19.16. The firm has a market cap of $28.22 billion, a price-to-earnings ratio of 13.03 and a beta of 2.74. Hewlett Packard Enterprise also was the recipient of some unusual options trading activity on Tuesday. Stock investors bought 19,342 call options on the stock. This is an increase of 647% compared to the average daily volume of 2,590 call options.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $9.90 billion during the quarter, compared to the consensus estimate of $9.75 billion. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The company’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, equities analysts anticipate that Hewlett Packard Enterprise will post $1.45 EPS for the current year.
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In other news, SVP Jeff T. Ricci sold 6,460 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $18.99, for a total value of $122,675.40. Following the completion of the sale, the senior vice president now directly owns 10,352 shares of the company’s stock, valued at $196,584.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Margaret C. Whitman sold 132,192 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the completion of the sale, the chief executive officer now directly owns 865,021 shares of the company’s stock, valued at $14,454,500.91. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,981,652 shares of company stock valued at $34,537,666. Corporate insiders own 0.87% of the company’s stock.
A number of institutional investors have recently bought and sold shares of HPE. Boston Advisors LLC boosted its position in 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 position in Hewlett Packard Enterprise during the first quarter valued at $125,000. OLD Point Trust & Financial Services N A boosted its position in 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 during the last quarter. Wagner Bowman Management Corp boosted its position in 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 during the last quarter. Finally, James Investment Research Inc. boosted its position in 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 during the last quarter. 79.80% of the stock is owned by 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).
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