Robert W. Baird Reiterates “Hold” Rating for Hewlett Packard Enterprise Company (HPE)
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).
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