BidaskClub downgraded shares of Hewlett Packard Enterprise Company (NYSE:HPE) from a hold rating to a sell rating in a research report sent to investors on Wednesday, July 5th.

A number of other research firms also recently commented on HPE. Wells Fargo & Company reiterated a market perform rating on shares of Hewlett Packard Enterprise Company in a research report on Wednesday, March 8th. They noted that the move was a valuation call. CIBC decreased their target price on Hewlett Packard Enterprise Company from $27.00 to $21.00 and set a buy rating on the stock in a research report on Thursday, April 6th. Barclays PLC decreased their target price on Hewlett Packard Enterprise Company from $21.00 to $18.00 and set an underweight rating on the stock in a research report on Wednesday, May 10th. Raymond James Financial, Inc. reiterated an outperform rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise Company in a research report on Monday, June 5th. Finally, Tigress Financial started coverage on Hewlett Packard Enterprise Company in a research report on Monday, April 17th. They issued a neutral rating on the stock. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of $21.99.

Hewlett Packard Enterprise Company (HPE) traded up 0.59% during mid-day trading on Wednesday, reaching $17.19. The company had a trading volume of 6,129,621 shares. The firm has a market capitalization of $28.24 billion, a P/E ratio of 13.12 and a beta of 2.74. Hewlett Packard Enterprise Company has a one year low of $14.76 and a one year high of $19.16. The firm’s 50-day moving average is $17.65 and its 200-day moving average is $17.65.

Hewlett Packard Enterprise Company (NYSE:HPE) last announced its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. 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 the consensus estimate of $9.75 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The business’s revenue was down 22.1% on a year-over-year basis. On average, equities research analysts anticipate that Hewlett Packard Enterprise Company will post $1.43 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Hewlett Packard Enterprise Company (NYSE:HPE) Downgraded to Sell at BidaskClub” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/07/16/hewlett-packard-enterprise-company-nysehpe-lowered-to-sell-at-bidaskclub-updated.html.

In related news, SVP Kirt P. Karros sold 20,344 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $18.90, for a total value of $384,501.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jeff T. Ricci sold 31,695 shares of the firm’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $18.23, for a total transaction of $577,799.85. Following the completion of the transaction, the senior vice president now directly owns 31,695 shares in the company, valued at $577,799.85. The disclosure for this sale can be found here. Insiders sold a total of 532,637 shares of company stock worth $9,150,294 over the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. Numeric Investors LLC acquired a new position in Hewlett Packard Enterprise Company during the fourth quarter worth $38,504,000. Thrivent Financial for Lutherans raised its position in Hewlett Packard Enterprise Company by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 58,261 shares of the technology company’s stock worth $1,348,000 after buying an additional 3,310 shares during the period. IFM Investors Pty Ltd acquired a new position in Hewlett Packard Enterprise Company during the fourth quarter worth $509,000. Teachers Retirement System of The State of Kentucky raised its position in Hewlett Packard Enterprise Company by 250.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 789,837 shares of the technology company’s stock worth $18,276,000 after buying an additional 564,300 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Hewlett Packard Enterprise Company during the fourth quarter worth $62,380,000. 80.82% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company 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 Company (NYSE:HPE)

Receive News & Stock Ratings for Hewlett Packard Enterprise Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Company and related stocks with our FREE daily email newsletter.