Hewlett Packard Enterprise Company (NYSE:HPE) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Estimates have remained unchanged ahead of Hewlett Packard Enterprise’s Q4 earnings release. The company has a mixed record of earnings surprises in recent quarters. During the Q3 earnings conference call, the company had provided a disappointing guidance for Q4 which undermines its near-term prospects. It hinted that competitive pricing, heightened commodities pricing pressure and some dilution from M&A will dent the bottom-line performance. Nonetheless, we are encouraged by the company’s massive restructuring initiatives. On one hand, it is offloading low-margin business such as Software, which, in our opinion, will improvise the company’s margins over the long run. And on the other hand, it is enhancing its capabilities in the hybrid IT model as evident from the recent agreements to acquire SimpliVity and Cloud Cruiser. We believe the company’s focus on hybrid IT model will drive growth over the long run.”

Several other research firms have also commented on HPE. Royal Bank Of Canada reiterated a “hold” rating and issued a $15.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. KeyCorp reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. UBS AG lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and lowered their price target for the company from $16.00 to $15.00 in a research report on Friday, October 20th. BidaskClub lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $16.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.79.

Hewlett Packard Enterprise (NYSE:HPE) traded up 0.036% on Tuesday, reaching $13.985. 3,957,533 shares of the company’s stock were exchanged. Hewlett Packard Enterprise has a 12-month low of $12.97 and a 12-month high of $19.16. The firm has a 50 day moving average of $14.30 and a 200-day moving average of $13.89. The company has a market cap of $22.65 billion, a P/E ratio of 194.236 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 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share. Equities analysts expect that Hewlett Packard Enterprise will post $1.38 EPS for the current fiscal year.

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

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In other news, EVP Henry Gomez sold 494,360 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 494,360 shares of the company’s stock, valued at approximately $7,351,133.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Margaret C. Whitman sold 249,052 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $13.14, for a total transaction of $3,272,543.28. Following the completion of the transaction, the chief executive officer now directly owns 892,118 shares in the company, valued at approximately $11,722,430.52. The disclosure for this sale can be found here. In the last three months, insiders sold 3,265,866 shares of company stock worth $49,009,446. Insiders own 0.87% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Dodge & Cox raised its stake in shares of Hewlett Packard Enterprise by 12.2% in the 2nd quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock valued at $3,958,630,000 after acquiring an additional 25,852,541 shares during the period. Vanguard Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock valued at $1,839,114,000 after acquiring an additional 1,508,612 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 32.7% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock valued at $1,117,081,000 after acquiring an additional 16,592,308 shares during the period. Pzena Investment Management LLC raised its stake in shares of Hewlett Packard Enterprise by 27.7% in the 2nd quarter. Pzena Investment Management LLC now owns 22,129,234 shares of the technology company’s stock valued at $367,124,000 after acquiring an additional 4,794,388 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Hewlett Packard Enterprise by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 19,353,258 shares of the technology company’s stock valued at $321,088,000 after acquiring an additional 779,447 shares during the period. 81.16% of the stock is currently owned by institutional investors and hedge funds.

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).

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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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