Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “hold” rating reaffirmed by equities research analysts at Loop Capital in a report released on Friday. They presently have a $14.50 price objective on the technology company’s stock, down from their prior price objective of $17.00. Loop Capital’s target price indicates a potential upside of 10.52% from the company’s previous close.

A number of other research analysts also recently weighed in on HPE. Credit Suisse Group restated a “buy” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. Stifel Nicolaus restated a “hold” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, May 26th. Robert W. Baird restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Barclays PLC restated an “underweight” rating and set a $17.00 price target (down previously from $18.00) on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Finally, Morgan Stanley restated an “equal weight” rating and set a $18.00 price target (up previously from $17.00) on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $19.18.

Shares of Hewlett Packard Enterprise (NYSE HPE) traded down 0.98% on Friday, reaching $13.12. The company’s stock had a trading volume of 24,308,651 shares. The stock has a 50-day moving average of $13.70 and a 200 day moving average of $13.69. The stock has a market capitalization of $21.55 billion, a PE ratio of 9.95 and a beta of 2.72. Hewlett Packard Enterprise has a 1-year low of $11.99 and a 1-year high of $14.86. Hewlett Packard Enterprise also saw some unusual options trading activity on Tuesday. Stock investors purchased 12,185 put options on the company. This is an increase of approximately 320% compared to the typical volume of 2,901 put options.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 9.04%. Hewlett Packard Enterprise’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. On average, equities analysts forecast that Hewlett Packard Enterprise will post $1.39 EPS for the current year.

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In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 389,668 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $17.64, for a total value of $6,873,743.52. Following the transaction, the chief executive officer now directly owns 962,433 shares in the company, valued at $16,977,318.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christopher P. Hsu sold 15,333 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $17.67, for a total transaction of $270,934.11. Following the completion of the transaction, the executive vice president now owns 15,333 shares in the company, valued at $270,934.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,963,677 shares of company stock worth $34,198,508. Company insiders own 0.87% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Achmea Investment Management B.V. boosted its position in Hewlett Packard Enterprise by 7.1% in the second quarter. Achmea Investment Management B.V. now owns 252,431 shares of the technology company’s stock valued at $4,184,000 after buying an additional 16,740 shares in the last quarter. WFG Advisors LP raised its stake in shares of Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after acquiring an additional 801 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Hewlett Packard Enterprise by 25.3% in the second quarter. Toronto Dominion Bank now owns 566,943 shares of the technology company’s stock worth $9,404,000 after acquiring an additional 114,500 shares during the last quarter. Oak Associates Ltd. OH raised its stake in shares of Hewlett Packard Enterprise by 4.4% in the second quarter. Oak Associates Ltd. OH now owns 309,726 shares of the technology company’s stock worth $5,138,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its stake in shares of Hewlett Packard Enterprise by 6,858.7% in the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after acquiring an additional 7,476 shares during the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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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