Hewlett Packard Enterprise Company (HPE) Rating Reiterated by Royal Bank Of Canada

Hewlett Packard Enterprise Company (NYSE:HPE)‘s stock had its “hold” rating reiterated by investment analysts at Royal Bank Of Canada in a report released on Wednesday. They presently have a $15.00 target price on the technology company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 1.35% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Maxim Group restated a “hold” rating and issued a $14.00 target price (down previously from $18.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. BMO Capital Markets restated a “market perform” rating and issued a $15.00 target price (down previously from $18.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. BidaskClub upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, UBS AG restated a “buy” rating and issued a $16.00 target price (down previously from $21.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.42.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis.

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In other news, EVP Christopher P. Hsu sold 15,333 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $17.67, for a total value of $270,934.11. Following the completion of the transaction, the executive vice president now directly owns 15,333 shares in the company, valued at $270,934.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Margaret C. Whitman sold 389,651 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $17.47, for a total value of $6,807,202.97. Following the completion of the transaction, the chief executive officer now owns 1,157,250 shares of the company’s stock, valued at $20,217,157.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,060,518 shares of company stock valued at $63,031,467. Company insiders own 0.87% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Guardian Life Insurance Co. of America raised its stake in shares of Hewlett Packard Enterprise by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock worth $152,000 after purchasing an additional 43 shares during the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after acquiring an additional 200 shares during the period. Cleararc Capital Inc. grew its holdings in Hewlett Packard Enterprise by 0.5% during the first quarter. Cleararc Capital Inc. now owns 40,716 shares of the technology company’s stock worth $965,000 after acquiring an additional 221 shares during the period. Westside Investment Management Inc. grew its holdings in Hewlett Packard Enterprise by 1.5% during the second quarter. Westside Investment Management Inc. now owns 17,432 shares of the technology company’s stock worth $292,000 after acquiring an additional 250 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Hewlett Packard Enterprise by 4.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after acquiring an additional 266 shares during the period. Hedge funds and other institutional investors own 81.33% of the company’s stock.

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).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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