Hewlett Packard Enterprise Company (HPE) Stock Rating Reaffirmed by Barclays PLC
Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “sell” rating reiterated by Barclays PLC in a research note issued on Friday. They presently have a $14.00 target price on the technology company’s stock. Barclays PLC’s price target would indicate a potential upside of 6.71% from the company’s previous close.
Several other research firms have also commented on HPE. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, May 26th. Robert W. Baird reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Credit Suisse Group reissued a “buy” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $17.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $22.00 target price on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.03.
Shares of Hewlett Packard Enterprise (NYSE HPE) traded down 0.98% during trading on Friday, reaching $13.12. 24,308,651 shares of the company’s stock were exchanged. Hewlett Packard Enterprise has a 12 month low of $11.99 and a 12 month high of $14.86. The firm has a market cap of $21.55 billion, a price-to-earnings ratio of 9.95 and a beta of 2.72. The stock has a 50-day moving average price of $13.68 and a 200 day moving average price of $13.68.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results 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. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts forecast that Hewlett Packard Enterprise will post $1.39 EPS for the current year.
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In related news, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the sale, the chief executive officer now owns 962,433 shares in the company, valued at approximately $17,150,556.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Margaret C. Whitman sold 251,268 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $17.40, for a total value of $4,372,063.20. Following the sale, the chief executive officer now owns 865,021 shares in the company, valued at approximately $15,051,365.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,963,677 shares of company stock valued at $34,198,508 over the last quarter. Corporate insiders own 0.87% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Hewlett Packard Enterprise during the 1st quarter valued at $125,000. Harfst & Associates Inc. purchased a new stake in Hewlett Packard Enterprise during the 1st quarter valued at $127,000. WFG Advisors LP raised its holdings in Hewlett Packard Enterprise by 15.3% during 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 during the period. YorkBridge Wealth Partners LLC raised its holdings in Hewlett Packard Enterprise by 12.1% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after buying an additional 675 shares during the period. Finally, Guardian Life Insurance Co. of America raised its holdings in Hewlett Packard Enterprise by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock valued at $152,000 after buying an additional 43 shares during the period. Institutional investors 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).
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