Hewlett Packard Enterprise Company (NYSE:HPE) – Investment analysts at Gabelli boosted their FY2019 earnings estimates for shares of Hewlett Packard Enterprise in a research report issued to clients and investors on Thursday. Gabelli analyst H. Susanto now forecasts that the technology company will post earnings of $1.30 per share for the year, up from their previous forecast of $1.20. Gabelli also issued estimates for Hewlett Packard Enterprise’s FY2020 earnings at $1.35 EPS and FY2021 earnings at $1.45 EPS.

Several other analysts have also recently issued reports on the company. Deutsche Bank AG dropped their target price on Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $15.00 target price (down previously from $20.00) on shares of Hewlett Packard Enterprise in a research report on Friday, September 1st. BidaskClub cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. ValuEngine raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.79.

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Hewlett Packard Enterprise (NYSE HPE) opened at 14.04 on Monday. Hewlett Packard Enterprise has a 52 week low of $12.97 and a 52 week high of $19.16. The firm’s 50-day moving average price is $14.23 and its 200-day moving average price 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 (NYSE:HPE) last announced its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share.

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

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 249,052 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $13.14, for a total transaction of $3,272,543.28. Following the sale, the chief executive officer now directly owns 892,118 shares of the company’s stock, valued at approximately $11,722,430.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Henry Gomez sold 494,360 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $14.87, for a total value of $7,351,133.20. Following the sale, the executive vice president now directly owns 494,360 shares in the company, valued at $7,351,133.20. The disclosure for this sale can be found here. Insiders sold a total of 3,655,534 shares of company stock valued at $55,953,330 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Harfst & Associates Inc. acquired a new stake in Hewlett Packard Enterprise during the 1st quarter worth about $127,000. WFG Advisors LP grew its position 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 worth $100,000 after purchasing an additional 801 shares during the period. Guardian Life Insurance Co. of America grew its position 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 worth $152,000 after purchasing an additional 43 shares during the period. YorkBridge Wealth Partners LLC grew its position in 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 during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in 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 during the period. 81.34% of the stock is currently owned by institutional investors.

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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