Hewlett Packard Enterprise Co (NYSE:HPE)‘s stock had its “hold” rating reissued by analysts at UBS Group AG in a research note issued to investors on Wednesday. They presently have a $15.00 price objective on the technology company’s stock. UBS Group AG’s target price suggests a potential upside of 14.50% from the company’s current price.

HPE has been the topic of a number of other research reports. BidaskClub upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Robert W. Baird restated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $17.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday. Finally, Bank of America Corporation restated a “sell” rating and set a $12.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average price target of $17.31.

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at $13.10 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.27 and a quick ratio of 1.15. Hewlett Packard Enterprise has a 12-month low of $12.81 and a 12-month high of $24.88. The stock has a market capitalization of $22,866.83, a price-to-earnings ratio of 10.86, a P/E/G ratio of 1.81 and a beta of 2.59.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a return on equity of 7.29% and a net margin of 0.93%. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.78 billion. During the same quarter last year, the business posted $0.61 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. analysts expect that Hewlett Packard Enterprise will post 1.19 EPS for the current fiscal year.

Hewlett Packard Enterprise declared that its board has approved a stock buyback program on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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In related news, SVP Jeff T. Ricci sold 87,324 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $13.43, for a total value of $1,172,761.32. Following the sale, the senior vice president now directly owns 24,846 shares of the company’s stock, valued at $333,681.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 249,052 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $13.14, for a total value of $3,272,543.28. Following the completion of the sale, the chief executive officer now directly owns 892,118 shares in the company, valued at $11,722,430.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,920,273 shares of company stock worth $41,288,784. Company insiders own 0.87% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HPE. State of Alaska Department of Revenue grew its stake in shares of Hewlett Packard Enterprise by 55.1% in the second quarter. State of Alaska Department of Revenue now owns 8,224 shares of the technology company’s stock worth $136,000 after purchasing an additional 2,920 shares during the last quarter. Regentatlantic Capital LLC grew its stake in shares of Hewlett Packard Enterprise by 8.9% in the second quarter. Regentatlantic Capital LLC now owns 425,271 shares of the technology company’s stock worth $7,055,000 after purchasing an additional 34,813 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Hewlett Packard Enterprise by 132.1% in the second quarter. Acadian Asset Management LLC now owns 9,735 shares of the technology company’s stock worth $162,000 after purchasing an additional 5,541 shares during the last quarter. Paragon Capital Management Ltd grew its stake in shares of Hewlett Packard Enterprise by 51.0% in the second quarter. Paragon Capital Management Ltd now owns 13,475 shares of the technology company’s stock worth $224,000 after purchasing an additional 4,552 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC grew its stake in shares of Hewlett Packard Enterprise by 8.2% in the second quarter. Balasa Dinverno & Foltz LLC now owns 101,253 shares of the technology company’s stock worth $1,680,000 after purchasing an additional 7,698 shares during the last quarter. 81.43% of the stock is currently owned by institutional investors.

About Hewlett Packard Enterprise

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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