Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research note issued to investors on Friday, September 1st, MarketBeat.com reports. They presently have a $15.00 target price on the technology company’s stock, down from their prior target price of $20.00. Royal Bank Of Canada’s price target points to a potential upside of 13.21% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. CIBC lowered 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 report on Tuesday, July 4th. BidaskClub downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Barclays PLC increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock an “underweight” rating in a report on Friday, September 1st. Maxim Group reissued a “hold” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, July 14th. Finally, Loop Capital initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 price target on the stock. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus price target of $19.27.

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 13.25 on Friday. The firm has a 50-day moving average of $13.70 and a 200 day moving average of $13.69. Hewlett Packard Enterprise has a 52 week low of $11.99 and a 52 week high of $14.86. The firm has a market cap of $21.76 billion, a PE ratio of 10.05 and a beta of 2.72. Hewlett Packard Enterprise also was the target of some unusual options trading activity on Tuesday. Stock traders bought 12,185 put options on the stock. This is an increase of 320% compared to the average volume of 2,901 put options.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 8.92%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. Equities research analysts predict that Hewlett Packard Enterprise will post $1.40 EPS for the current fiscal year.

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In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the transaction, the chief executive officer now directly owns 962,433 shares in the company, valued at $17,150,556.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Margaret C. Whitman sold 132,192 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the transaction, the chief executive officer now owns 865,021 shares in the company, valued at $14,454,500.91. The disclosure for this sale can be found here. Insiders have sold 1,963,677 shares of company stock worth $34,198,508 over the last quarter. Company insiders own 0.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of HPE. BlackRock Inc. grew 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. Dodge & Cox grew its holdings in shares of 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. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 32.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after purchasing an additional 16,592,308 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Hewlett Packard Enterprise by 145.3% in the second quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock worth $170,315,000 after purchasing an additional 6,081,628 shares during the last quarter. Finally, Primecap Management Co. CA grew its holdings in shares of Hewlett Packard Enterprise by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after purchasing an additional 5,394,147 shares during the last quarter. Institutional investors and hedge funds own 80.21% of the company’s stock.

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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