Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have been given an average rating of “Hold” by the thirty-seven analysts that are covering the stock, MarketBeat reports. 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 assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $17.10.

A number of equities research analysts recently weighed in on HPE shares. Deutsche Bank AG cut their price objective on shares of Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, September 6th. Royal Bank Of Canada restated a “sector perform” rating and set a $15.00 price objective (down from $20.00) on shares of Hewlett Packard Enterprise in a research note on Friday, September 1st. BidaskClub cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. ValuEngine upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 251,268 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $17.40, for a total transaction of $4,372,063.20. Following the transaction, the chief executive officer now owns 865,021 shares of the company’s stock, valued at approximately $15,051,365.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Margaret C. Whitman sold 389,668 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $17.64, for a total value of $6,873,743.52. Following the transaction, the chief executive officer now directly owns 962,433 shares in the company, valued at approximately $16,977,318.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,265,866 shares of company stock worth $49,009,446. Company insiders own 0.87% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC grew its stake 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 valued at $108,000 after acquiring an additional 200 shares in the last quarter. Westside Investment Management Inc. grew its stake in Hewlett Packard Enterprise by 1.5% during the 2nd quarter. Westside Investment Management Inc. now owns 17,432 shares of the technology company’s stock valued at $292,000 after acquiring an additional 250 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake 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 valued at $111,000 after acquiring an additional 266 shares in the last quarter. Meridian Investment Counsel Inc. grew its stake in Hewlett Packard Enterprise by 1.5% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 23,557 shares of the technology company’s stock valued at $391,000 after acquiring an additional 350 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. grew its stake in Hewlett Packard Enterprise by 1.4% during the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company’s stock valued at $409,000 after acquiring an additional 352 shares in the last quarter. 81.35% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise (NYSE HPE) opened at 14.28 on Friday. The stock has a market cap of $23.13 billion, a P/E ratio of 198.33 and a beta of 2.71. Hewlett Packard Enterprise has a one year low of $12.51 and a one year high of $15.12. The stock has a 50 day moving average of $14.28 and a 200-day moving average of $13.89.

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, beating analysts’ consensus estimates 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 business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. Analysts anticipate that Hewlett Packard Enterprise will post $1.38 EPS for the current year.

Hewlett Packard Enterprise declared that its board has authorized a stock buyback plan on Wednesday, October 18th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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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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