Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “market perform” rating reaffirmed by investment analysts at BMO Capital Markets in a research report issued to clients and investors on Wednesday. They presently have a $15.00 price target on the technology company’s stock, down from their prior price target of $18.00. BMO Capital Markets’ price objective suggests a potential upside of 13.21% from the company’s current price.

A number of other research analysts have also weighed in on HPE. Barclays PLC decreased their target price on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, May 10th. Credit Suisse Group reissued a “buy” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. Stifel Nicolaus reissued a “hold” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, May 26th. Robert W. Baird reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $18.00 target price (up from $17.00) on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.27.

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 13.25 on Wednesday. Hewlett Packard Enterprise has a 52 week low of $11.99 and a 52 week high of $14.86. The stock has a 50 day moving average of $13.70 and a 200 day moving average of $13.69. The firm has a market cap of $21.76 billion, a P/E ratio of 10.05 and a beta of 2.72. Hewlett Packard Enterprise also saw unusually large options trading on Tuesday. Investors purchased 12,185 put options on the company. This represents an increase of approximately 320% compared to the average volume of 2,901 put options.

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, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $8.21 billion for 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 business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. Equities analysts forecast that Hewlett Packard Enterprise will post $1.39 earnings per share for the current year.

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In other news, CEO Margaret C. Whitman sold 389,651 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $17.47, for a total transaction of $6,807,202.97. Following the completion of the sale, the chief executive officer now directly owns 1,157,250 shares in the company, valued at approximately $20,217,157.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Margaret C. Whitman sold 389,668 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 962,433 shares of the company’s stock, valued at $16,977,318.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,963,677 shares of company stock valued at $34,198,508. Corporate insiders own 0.87% of the company’s stock.

Several hedge funds have recently made changes to their positions in HPE. BlackRock Inc. lifted its position in shares of Hewlett Packard Enterprise by 2,713.7% during the 1st quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after buying an additional 95,915,907 shares during the last quarter. Dodge & Cox lifted its position in shares of Hewlett Packard Enterprise by 12.2% during the 2nd quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after buying an additional 25,852,541 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Hewlett Packard Enterprise by 32.7% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after buying an additional 16,592,308 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Hewlett Packard Enterprise by 145.3% during the 2nd quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock worth $170,315,000 after buying an additional 6,081,628 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Hewlett Packard Enterprise by 9.6% during the 1st quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after buying an additional 5,394,147 shares during the last quarter. Institutional investors and hedge funds own 80.21% of the company’s stock.

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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