Hewlett Packard Enterprise Company (NYSE:HPE) – Stock analysts at KeyCorp upped their Q3 2018 earnings per share estimates for shares of Hewlett Packard Enterprise in a research note issued on Wednesday. KeyCorp analyst A. Kurtz now forecasts that the technology company will post earnings of $0.38 per share for the quarter, up from their previous estimate of $0.37. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Hewlett Packard Enterprise’s Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.18 EPS and FY2019 earnings at $1.29 EPS.

A number of other brokerages have also issued reports on HPE. UBS AG lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $15.00 in a research note on Friday. Mizuho restated a “hold” rating and issued a $14.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $17.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday. Robert W. Baird restated a “hold” rating and issued a $16.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday. Finally, TheStreet upgraded shares of Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $17.79.

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Shares of Hewlett Packard Enterprise (HPE) traded up 1.30% during midday trading on Friday, hitting $14.04. 12,460,337 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $14.23 and its 200-day moving average is $13.88. The stock has a market cap of $22.74 billion, a PE ratio of 195.00 and a beta of 2.71. Hewlett Packard Enterprise has a 1-year low of $12.26 and a 1-year high of $15.12.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ 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 company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the prior year, the firm posted $0.49 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp acquired a new stake in Hewlett Packard Enterprise in the second quarter worth about $2,193,000. Parallel Advisors LLC lifted its holdings in Hewlett Packard Enterprise by 11.6% in the first quarter. Parallel Advisors LLC now owns 10,562 shares of the technology company’s stock worth $197,000 after purchasing an additional 1,095 shares during the period. Synovus Financial Corp lifted its holdings in Hewlett Packard Enterprise by 11.5% in the second quarter. Synovus Financial Corp now owns 254,871 shares of the technology company’s stock worth $4,226,000 after purchasing an additional 26,288 shares during the period. BlackRock Inc. lifted its holdings in Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after purchasing an additional 95,915,907 shares during the period. Finally, Motco lifted its holdings in Hewlett Packard Enterprise by 929.3% in the second quarter. Motco now owns 10,633 shares of the technology company’s stock worth $176,000 after purchasing an additional 9,600 shares during the period. 81.34% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Henry Gomez sold 494,360 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total value of $7,351,133.20. Following the completion of the sale, the executive vice president now owns 494,360 shares of the company’s stock, valued at $7,351,133.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Margaret C. Whitman sold 389,668 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 962,433 shares of the company’s stock, valued at approximately $17,150,556.06. The disclosure for this sale can be found here. Insiders have sold 3,655,534 shares of company stock valued at $55,953,330 in the last 90 days. Insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise announced that its board has authorized a stock repurchase program on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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).

Earnings History and Estimates for Hewlett Packard Enterprise (NYSE:HPE)

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