Hewlett Packard Enterprise Company (HPE) Stock Rating Reaffirmed by Robert W. Baird

Hewlett Packard had 38 analyst reports since March 21, 2016 according to SRatingsIntel. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. WFG Advisors has an ownership of 6,043 stocks of the technology firms shares valued at $100,000 after scooping up an extra 801 shares through out the previous quarter, Toronto Dominion Bank raised its stake in Hewlett Packard Enterprise by 25.3% in the 2nd period.

The split across the company’s departments shows the majority of its revenue coming from the enterprise aspect, with $6.8 billion of revenue coming from the Enterprise Group, $718 million from software and $897 million from financial services. 28,929,222 shares of the company’s stock traded hands. $20.41’s average target is 48.11% above currents $13.78 stock price. Hewlett Packard Enterprise has a 12 month low of $11.99 and a 12 month high of $14.86. Hewlett Packard Enterprise also was the recipient of unusually large options trading activity on Tuesday. This is an increase of 320% compared to the typical volume of 2,901 put options.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, September 5th. During the same quarter in the prior year, the business earned $0.49 earnings per share.

HPE’s enterprise group segment revenue is $6.8 billion, up 3% year over year, and up 3% when adjusted for currency, with a 9.3% operating margin.

For fiscal 2017, Hewlett Packard Enterprise estimates GAAP diluted net EPS to be in the range of ($0.11) to ($0.07) and non-GAAP diluted net EPS to be in the range of $1.36 to $1.40. If you are accessing this story on another publication, it was illegally copied and reposted in violation of USA and global copyright and trademark legislation. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/09/06/hewlett-packard-enterprise-company-hpe-price-target-cut-to-15-00-by-analysts-at-bmo-capital-markets.html.

About 22.42 million shares traded or 157.11% up from the average. The transaction related to this sale was declared in a document with the SEC which can be accessed through this link.

In related news, EVP Christopher P. Hsu sold 15,333 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $16.71, for a total value of $1,046,914.92. Share performance for the month is now at 1.74%.

In addition to Maxim Group reporting its stock price target, a total of 23 brokerages have issued a ratings update on the company. One concern, he noted, would be the 1 percent decline in server revenue – traditionally a strong point for HPE, but not in the few quarters. OMERS ADMINISTRATION Corp bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at approximately $2,193,000. Insiders have sold 1,963,677 shares of company stock worth $34,198,508 in the last ninety days. Alpha Windward LLC grew its position in shares of Hewlett Packard Enterprise by 11.8% during the 2nd quarter. Finally, IBM Retirement Fund grew its position in shares of Hewlett Packard Enterprise by 110.6% during the 2nd quarter. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects, among others.

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