Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “buy” rating restated by Jefferies Group LLC in a research note issued to investors on Wednesday. They currently have a $17.50 target price on the technology company’s stock, down from their previous target price of $22.00. Jefferies Group LLC’s price target indicates a potential upside of 33.38% from the company’s current price. Jefferies Group also issued estimates for Hewlett Packard Enterprise’s Q4 2017 earnings at $0.28 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.16 EPS.

Several other analysts also recently weighed in on the stock. J P Morgan Chase & Co restated a “neutral” rating and set a $14.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday. Maxim Group restated a “hold” rating and set a $14.00 price objective (down previously from $18.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday. Royal Bank Of Canada reduced their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “sector perform” rating for the company in a research report on Wednesday. UBS AG restated a “buy” rating and set a $16.00 price objective (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday. They noted that the move was a valuation call. Finally, Bank of America Corporation downgraded shares of Hewlett Packard Enterprise from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $15.00 to $13.00 in a research report on Wednesday. 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 issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.03.

Shares of Hewlett Packard Enterprise (NYSE HPE) traded down 0.98% on Wednesday, reaching $13.12. 24,308,651 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $13.68 and a 200 day moving average of $13.68. The firm has a market capitalization of $21.55 billion, a P/E ratio of 9.95 and a beta of 2.72. Hewlett Packard Enterprise has a one year low of $13.06 and a one year high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion during 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%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. On average, equities research analysts predict 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 132,192 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 865,021 shares in the company, valued at approximately $14,454,500.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Margaret C. Whitman sold 62,652 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $16.71, for a total transaction of $1,046,914.92. Following the sale, the chief executive officer now owns 830,251 shares in the company, valued at $13,873,494.21. 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 over the last 90 days. Insiders own 0.87% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. WFG Advisors LP boosted 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 purchasing an additional 801 shares in the last quarter. Archford Capital Strategies LLC boosted 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 purchasing an additional 7,476 shares in the last quarter. YorkBridge Wealth Partners LLC boosted 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 purchasing an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted 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 purchasing an additional 266 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth $125,000. 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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