Hewlett Packard Enterprise Company

Alain Brian
Juillet 17, 2017

Hewlett Packard Enterprise Company (NYSE:HPE) notched a 12-month high of $19.30 while $22.00 target is by far the most aggressive out of analysts who are now evaluating HPE, $2.7 higher than the next highest 52-week price estimate.

The average 1-year price target for Hewlett Packard Enterprise Company (HPE) - averaging the work of different analysts - reveals a mean PT of $19.3/share.

Other hedge funds have also bought and sold shares of the company. Dodge & Cox acquired a new position in shares of Hewlett Packard Enterprise Company during the fourth quarter worth about $4,831,636,000. Hewlett Packard Enterprise had 39 analyst reports since November 3, 2015 according to SRatingsIntel. Vanguard Group Inc. now owns 109,348,198 shares of the technology company's stock worth $2,591,553,000 after buying an additional 4,103,276 shares during the period.

Hewlett Packard Enterprise Company (HPE) failed to surprise the stock market in its last reported earnings when it earned $0.35 a piece versus the consensus-estimated $0.35. Primecap Management Co. CA increased its position in shares of Hewlett Packard Enterprise Company by 9.6% in the first quarter. AMF Pensionsforsakring AB now owns 1,463,218 shares of the technology company's stock worth $33,859,000 after buying an additional 1,078,717 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Hewlett Packard Enterprise Company by 35.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 50,742,312 shares of the technology company's stock worth $1,202,593,000 after buying an additional 13,343,212 shares during the last quarter. 10 of them rate its stock a hold.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) opened at 17.19 on Friday. The firm has a 50 day moving average price of $17.65 and a 200-day moving average price of $17.65. The current share price indicates that stock is -10.80% away from its one year high and is moving 18.20% ahead of its 52-week low. HPE's current price-earnings ratio amounts to 12.34 times earnings, below the average P/E ratio of 14.08 times earnings.

Analysts await Hewlett Packard Enterprise Co (NYSE:HPE) to report earnings on September, 6.

Last time, the company shocked Wall Street by reporting EPS of $0.35, smashing the consensus of $0.35 per share. Hewlett Packard Enterprise Company had a return on equity of 9.80% and a net margin of 4.85%. The business had revenue of $9.90 billion for the quarter, compared to analysts' expectations of $9.75 billion.

The counter witnessed a trading volume of 0.32 million shares versus an average volume of 0.2 million shares during last trading session. The firm's revenue was down 22.1% compared to the same quarter previous year.

ILLEGAL ACTIVITY WARNING: This story was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another publication, it was copied illegally and reposted in violation of USA and worldwide trademark and copyright legislation. Analyst's mean target price for HPE is $19.61 while analysts mean recommendation is 2.50. Raymond James Financial, Inc. reissued an "outperform" rating and set a $21.00 target price on shares of Hewlett Packard Enterprise Company in a report on Monday, June 5th. Finally, Jefferies Group LLC cut their price objective on Hewlett Packard Enterprise Company from $27.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 4th. Out of 2 Wall Street analysts rating Echo Global Logistics, 1 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". Stifel Nicolaus reaffirmed a "hold" rating and set a $20.00 target price on shares of Hewlett Packard Enterprise Company in a report on Friday, May 26th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Hewlett Packard Enterprise Company presently has an average rating of "Hold" and a consensus price target of $21.99. The shares were sold at an average price of $18.99, for a total transaction of $122,675.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Margaret C. Whitman sold 132,192 shares of the company's stock in a transaction dated Wednesday, June 21st. Insiders sold a total of 532,637 shares of company stock worth $9,150,294 in the last three months. Following the transaction, the chief executive officer now owns 865,021 shares of the company's stock, valued at $14,454,500.91. The disclosure for this sale can be found here.

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company's segments include: Enterprise Group, Software, Financial Services and Corporate Investments.

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