Hewlett Packard Enterprise (HPE) Receives “Hold” Rating from Maxim Group
Hewlett Packard Enterprise (NYSE:HPE)‘s stock had its “hold” rating restated by analysts at Maxim Group in a research note issued on Wednesday. They currently have a $18.00 target price on the technology company’s stock. Maxim Group’s target price would suggest a potential upside of 7.53% from the company’s previous close.
The analysts wrote, “HPE management asserts $0.02 of $0.07 EPS beat tied to strong server buying environment, remainder due to non-operational items. HPE raises FY18 guidance in-line with F3Q18 beat, which appears to be driven from non-operational items. Maintain Hold rating and 12-month price target of $18.””
Several other brokerages have also recently issued reports on HPE. Oppenheimer set a $20.00 target price on Hewlett Packard Enterprise and gave the company a “buy” rating in a research report on Tuesday. Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their target price for the company from $20.00 to $18.00 in a research report on Tuesday, August 21st. Zacks Investment Research cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Nomura assumed coverage on Hewlett Packard Enterprise in a research report on Thursday, June 28th. They set a “neutral” rating and a $16.00 target price on the stock. Finally, Pivotal Research cut their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, June 14th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $17.05.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, August 28th. The technology company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. Hewlett Packard Enterprise had a return on equity of 8.25% and a net margin of 9.36%. The firm had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter last year, the firm posted $0.30 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. research analysts predict that Hewlett Packard Enterprise will post 1.47 EPS for the current year.
In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 138,593 shares of the business’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $15.92, for a total value of $2,206,400.56. Following the transaction, the chief executive officer now owns 259,157 shares of the company’s stock, valued at $4,125,779.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeff T. Ricci sold 114,895 shares of the business’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $15.43, for a total value of $1,772,829.85. Following the completion of the transaction, the senior vice president now directly owns 72,595 shares in the company, valued at approximately $1,120,140.85. The disclosure for this sale can be found here. In the last three months, insiders sold 4,600,991 shares of company stock worth $71,507,782. Insiders own 1.18% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Spectrum Financial Alliance Ltd LLC bought a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at $121,000. Summit Trail Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 1,771.8% in the first quarter. Summit Trail Advisors LLC now owns 120,565 shares of the technology company’s stock valued at $121,000 after buying an additional 114,124 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Hewlett Packard Enterprise by 16,531.4% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock valued at $124,000 after buying an additional 8,431 shares during the period. Highlander Capital Management LLC bought a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at $148,000. Finally, Farmers Trust Co. bought a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at $150,000. Hedge funds and other institutional investors own 80.49% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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