Economy

Understanding the Latest Financial Performance of Hewlett Packard Enterprise Company (NYSE:HPE)

Understanding the Latest Financial Performance of Hewlett Packard Enterprise Company (NYSE:HPE)”

Vetr downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating and set a $24.02 target price on the stock.in a report on Wednesday, August 17th. Meanwhile, the average 12-month price target from Wall Street analysts is now $15.55, this means that the stock is underpriced by 10.868%. Royal Bank Of Canada reissued a hold rating and set a $15.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. Mizuho reiterated a "hold" rating and issued a $14.00 price target on shares of Hewlett Packard Enterprise in a report on Friday.

Among 30 analysts covering Hewlett Packard (HPE), 12 have Buy rating, 3 Sell and 15 Hold.

09/07/2017 - Hewlett Packard Enterprise Co had its "hold" rating reiterated by analysts at Loop Capital. Finally, KeyCorp reaffirmed a "hold" rating on shares of Hewlett Packard Enterprise in a report on Friday. Of the analysts who provided ratings, 13 rated the company a Hold, 1 rated it a Strong Sell, 1 rated it a Moderate Buy, and 4 rated it a Strong Buy. The company has an average rating of Hold and a consensus price target of $17.79. The number of shares now owned by investors are 1.64 bln. Trading volume was up 94.72% over the stocks average daily volume. The consensus rating is 2.5, suggesting the market has given up on the stock. The stock stands almost $0.62 off versus the 52-week high of $15.12 and $2.07 above the 52-week low of $12.43. The stock has a 50 day moving average price of $14.23 and a 200 day moving average price of $13.88. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 56.74% since October 20, 2016 and is uptrending. HPE now has a profit margin of 0.30%. The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion.

Hewlett Packard Enterprise (NYSE HPE) opened at 13.86 on Wednesday. The business's revenue for the quarter was down 3.9% compared to the same quarter previous year.

Park National Corp OH reduced its position in shares of Hewlett Packard Enterprise Co. If you are accessing this piece on another website, it was stolen and reposted in violation of worldwide copyright & trademark legislation.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 7th. Cleararc Capital Inc. now owns 40,716 shares of the technology company's stock valued at $965,000 after buying an additional 221 shares in the last quarter. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 249,052 shares of the company's stock in a transaction dated Thursday, September 14th. Following the sale, the chief executive officer now owns 896,720 shares in the company, valued at approximately $15,647,764. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The shares were sold at an average price of $14.27, for a total transaction of $21,320,721.38. The shares were sold at an average price of $17.45, for a total transaction of $2,415,097.45. Following the completion of the transaction, the chief executive officer now owns 962,433 shares in the company, valued at $17,150,556.06. The last close places the company's stock about $3.92 off its 52 week high of $27.07 and $4.24 above the 52 week low of $18.91. Insiders own 0.87% of the company's stock.

Hedge funds have recently modified their holdings of the business. 23836451 shares were traded on Hewlett Packard Enterprise Co's last session. Synovus Financial Corp grew its stake in Hewlett Packard Enterprise by 11.5% in the 2nd quarter.

TRADEMARK VIOLATION NOTICE: "Hewlett Packard Enterprise Company (HPE) Shares Sold by California State Teachers Retirement System" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. BlackRock Inc. now owns 99,450,412 shares of the technology company's stock worth $2,356,975,000 after acquiring an additional 95,915,907 shares in the last quarter. Motco now owns 10,633 shares of the technology company's stock worth $176,000 after acquiring an additional 9,600 shares in the last quarter. The New York-based New Amsterdam Partners Llc Ny has invested 0.47% in the stock.

Over the past five trading sessions shares of Hewlett Packard Enterprise Company (HPE) are -6.35%; 1.69% for the month; -0.79% for the last quarter; -1.5% for the past six-months; and 9.76% for the last 12 months. The Company's services and products include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.



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