Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “market perform” rating restated by stock analysts at BMO Capital Markets in a research note issued to investors on Wednesday. They presently have a $15.00 target price on the technology company’s stock, down from their previous target price of $18.00. BMO Capital Markets’ price objective would suggest a potential upside of 13.21% from the stock’s previous close.

Several other equities research analysts also recently weighed in on HPE. BidaskClub raised shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. UBS AG reissued a “buy” rating and issued a $16.00 target price (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday. They noted that the move was a valuation call. Maxim Group reissued a “hold” rating and issued a $14.00 target price (down previously from $18.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday. J P Morgan Chase & Co reissued a “neutral” rating and issued a $14.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday. Finally, Bank of America Corporation downgraded shares of Hewlett Packard Enterprise from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $15.00 to $13.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average price target of $19.38.

Shares of Hewlett Packard Enterprise (NYSE HPE) traded down 3.78% during midday trading on Wednesday, hitting $13.25. 27,033,520 shares of the stock were exchanged. Hewlett Packard Enterprise has a 12 month low of $11.99 and a 12 month high of $14.86. The stock has a market cap of $21.76 billion, a P/E ratio of 10.05 and a beta of 2.72. The firm has a 50 day moving average of $13.71 and a 200-day moving average of $13.69. Hewlett Packard Enterprise also was the target of some unusual options trading activity on Tuesday. Investors acquired 12,185 put options on the stock. This is an increase of approximately 320% compared to the average volume of 2,901 put options.

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

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In other news, CEO Margaret C. Whitman sold 62,652 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $16.71, for a total value of $1,046,914.92. Following the sale, the chief executive officer now directly owns 830,251 shares in the company, valued at approximately $13,873,494.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Margaret C. Whitman sold 389,668 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 962,433 shares in the company, valued at $17,150,556.06. The disclosure for this sale can be found here. Insiders sold a total of 1,963,677 shares of company stock worth $34,198,508 over the last 90 days. Company insiders own 0.87% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. WFG Advisors LP boosted its holdings in shares of Hewlett Packard Enterprise by 15.3% in the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after buying an additional 801 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in shares of Hewlett Packard Enterprise by 6,858.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after buying an additional 7,476 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 4.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after buying an additional 266 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at about $125,000. 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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