Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “hold” rating reissued by equities research analysts at Robert W. Baird in a report issued on Wednesday.

A number of other research analysts have also commented on HPE. BidaskClub upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Monday, August 14th. UBS AG reiterated a “buy” rating and set a $16.00 price target (down from $21.00) on shares of Hewlett Packard Enterprise in a report on Wednesday. They noted that the move was a valuation call. J P Morgan Chase & Co reiterated a “neutral” rating and set a $14.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday. Maxim Group reiterated a “hold” rating and set a $14.00 price target (down from $18.00) on shares of Hewlett Packard Enterprise in a report on Wednesday. Finally, Bank of America Corporation lowered Hewlett Packard Enterprise from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $15.00 to $13.00 in a report on Wednesday. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.27.

Hewlett Packard Enterprise (NYSE:HPE) traded down 0.98% during mid-day trading on Wednesday, hitting $13.12. 3,596,565 shares of the stock were exchanged. The company has a 50-day moving average price of $13.70 and a 200-day moving average price of $13.69. Hewlett Packard Enterprise has a one year low of $11.99 and a one year high of $14.86. The company has a market cap of $21.55 billion, a P/E ratio of 9.95 and a beta of 2.72. Hewlett Packard Enterprise also saw unusually large options trading on Tuesday. Stock investors bought 12,185 put options on the company. This represents an increase of 320% compared to the typical volume of 2,901 put options.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Hewlett Packard Enterprise will post $1.39 earnings per share for the current fiscal year.

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In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 62,652 shares of the stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $16.71, for a total value of $1,046,914.92. Following the transaction, the chief executive officer now owns 830,251 shares of the company’s stock, valued at $13,873,494.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $17.82, for a total value of $6,943,883.76. Following the completion of the transaction, the chief executive officer now directly owns 962,433 shares in the company, valued at approximately $17,150,556.06. The disclosure for this sale can be found here. Insiders sold 1,963,677 shares of company stock worth $34,198,508 in the last three months. Insiders own 0.87% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in HPE. WFG Advisors LP lifted its stake in Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after buying an additional 801 shares during the period. Archford Capital Strategies LLC lifted its stake in Hewlett Packard Enterprise by 6,858.7% in the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after buying an additional 7,476 shares during the period. YorkBridge Wealth Partners LLC lifted its stake in Hewlett Packard Enterprise by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in Hewlett Packard Enterprise by 4.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after buying an additional 266 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in Hewlett Packard Enterprise in the first quarter valued at about $125,000. 80.21% of the stock is currently owned by hedge funds and other institutional investors.

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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