Firms & Funds Favorite: Hewlett Packard Enterprise Company (NYSE:HPE)
12 December, 2017, 11:35 | Author: Sammy Rose
Zacks Investment Research upgraded Hewlett Packard Enterprise Company from a "strong sell" rating to a "hold" rating in a research note on Monday, June 5th. They now have a $15.00 target price on the technology company's stock. Currently, the stock has a consensus analyst rating of 3.1904761904762.
Hewlett Packard Enterprise Company (NYSE:HPE) opened at $14.34 on Friday. They set a "hold" rating and a $17.00 price target for the company. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Hewlett Packard Enterprise presently has a consensus rating of "Hold" and an average price target of $16.49.
Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have seen a movement of 0.84% in the most recent session. The total volume of 8.11 Million shares held in the session, while on average its shares change hands 13388.92 shares. The company P/S (price to Sales) ratio is 0.81, P/B (price to Book) ratio is 0.81, while its P/C (price to Cash) ratio stands at 2.12. The company has a market cap of $23.26B. Narrowing in further, the stock has been recently noted at -3.22% away from the 30 day high and +25.90% separated from the 30 day low. For the past 5 years, the company's revenue has grown 1.3%, while the company's earnings per share has grown 8.8%. The business had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.78 billion. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%.
Several equities analysts recently weighed in on the stock.
Hewlett Packard Enterprise declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 18th that permits the company to repurchase $5.00 billion in outstanding shares. Market watchers will be closely following company shares into the second half of the year. The shares went up by 5.91% in value last month.
In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 42,314 shares of the stock in a transaction that occurred on Friday, December 1st.
Whereas its latest closing price kept its distance from the SMA20 at 4.17% and 1.60% from SMA 50 while it was knocked up 4.01% from the simple moving average price of 200 days.
Return on assets for Hewlett Packard Enterprise Company is valued at -0.50%, outlining the total sum of profit the company cultivates as a percentage of the value of its total assets. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
In other news, CEO Margaret C. Whitman sold 249,052 shares of the stock in a transaction dated Thursday, September 14th.
Taking notice on volatility measures, price volatility of stock was 1.48% for a week and 2.37% for a month. The company was downgraded on Friday, October 13 by Citigroup. The disclosure for this sale can be found here. Regentatlantic Capital LLC now owns 425,271 shares of the technology company's stock valued at $7,055,000 after buying an additional 34,813 shares during the last quarter. Corporate insiders own 0.87% of the company's stock.
Other hedge funds have also recently added to or reduced their stakes in the company. The Enterprise Group segment offers industry standard servers and mission-critical servers to address the array of its customers' computing needs; converged storage solutions, including 3PAR StoreServ, StoreOnce, all-flash arrays, and software defined and StoreVirtual products; wireless local area network equipment, mobility and security software, switches, routers, and network management products; and support and technology consulting services. The rating was maintained by Oppenheimer with "Buy" on Friday, September 1. KeyCorp also issued estimates for Hewlett Packard Enterprise's FY2018 earnings at $1.19 EPS. Acadian Asset Management LLC raised its holdings in Hewlett Packard Enterprise by 132.1% during the 2nd quarter. Pioneer Investment Management Inc. boosted its position in Hewlett Packard Enterprise by 2.1% during the 2nd quarter. Meridian Investment Counsel Inc. grew its holdings in Hewlett Packard Enterprise by 1.5% in the 2nd quarter. With an institutional ownership near 97.3%, it carries an earnings per share ratio of 3.35. Institutional investors own 83.46% of the company's stock. Loop Capital assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, August 22nd. If you are accessing this report on another website, it was copied illegally and reposted in violation of United States & global trademark & copyright legislation.
Hewlett Packard Enterprise Company provides technology solutions to business and public sector enterprises.
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