Hewlett Packard Enterprise Company (NYSE:HPE) was downgraded by equities research analysts at Bank of America Corporation from a “neutral” rating to an “underperform” rating in a report issued on Wednesday, Marketbeat reports. They currently have a $13.00 price target on the technology company’s stock, down from their prior price target of $15.00. Bank of America Corporation’s price objective suggests a potential downside of 0.91% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Credit Suisse Group reiterated a “buy” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. CIBC lowered their price target on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, July 4th. Mizuho reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and set a $22.00 price target on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $17.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.03.

Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 0.98% during mid-day trading on Wednesday, hitting $13.12. 24,308,651 shares of the stock were exchanged. The company has a 50-day moving average price of $13.68 and a 200-day moving average price of $13.68. Hewlett Packard Enterprise has a 12 month low of $13.06 and a 12 month high of $19.16. The stock has a market cap of $21.55 billion, a price-to-earnings ratio of 9.95 and a beta of 2.72.

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, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS. Equities analysts expect that Hewlett Packard Enterprise will post $1.39 earnings per share for the current year.

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In other news, CEO Margaret C. Whitman sold 132,192 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 865,021 shares of the company’s stock, valued at approximately $14,454,500.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher P. Hsu sold 15,333 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $17.67, for a total value of $270,934.11. Following the sale, the executive vice president now directly owns 15,333 shares in the company, valued at approximately $270,934.11. The disclosure for this sale can be found here. Insiders have sold a total of 1,963,677 shares of company stock worth $34,198,508 in the last three months. Corporate insiders own 0.87% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. WFG Advisors LP raised its position in shares of Hewlett Packard Enterprise by 15.3% during the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after acquiring an additional 801 shares in the last quarter. Archford Capital Strategies LLC raised its position in shares of Hewlett Packard Enterprise by 6,858.7% during the 2nd 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 in the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after acquiring an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Hewlett Packard Enterprise by 4.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after acquiring an additional 266 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth about $125,000. 80.21% of the stock is currently owned by institutional investors and hedge funds.

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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