Hewlett Packard Enterprise Company (NYSE:HPE) – Investment analysts at KeyCorp lifted their Q3 2018 earnings estimates for Hewlett Packard Enterprise in a report issued on Wednesday. KeyCorp analyst A. Kurtz now forecasts that the technology company will post earnings of $0.38 per share for the quarter, up from their previous estimate of $0.37. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Hewlett Packard Enterprise’s Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.18 EPS and FY2019 earnings at $1.29 EPS.
Several other research firms have also commented on HPE. Royal Bank Of Canada reaffirmed a “hold” rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. UBS AG lowered Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and cut their price target for the stock from $16.00 to $15.00 in a research report on Friday. BidaskClub lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Robert W. Baird reaffirmed a “hold” rating and set a $16.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.79.
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Hewlett Packard Enterprise (NYSE:HPE) traded up 1.30% during trading on Friday, hitting $14.04. 12,664,357 shares of the stock traded hands. Hewlett Packard Enterprise has a 12 month low of $12.26 and a 12 month high of $15.12. The company’s 50 day moving average price is $14.23 and its 200 day moving average price is $13.88. The company has a market cap of $22.74 billion, a P/E ratio of 195.00 and a beta of 2.71.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $7.49 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year.
Hewlett Packard Enterprise declared that its board has approved a stock buyback plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
In other news, CEO Margaret C. Whitman sold 1,494,094 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $14.27, for a total value of $21,320,721.38. Following the completion of the transaction, the chief executive officer now directly owns 1,514,639 shares of the company’s stock, valued at $21,613,898.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Henry Gomez sold 494,360 shares of the business’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $14.87, for a total value of $7,351,133.20. Following the completion of the transaction, the executive vice president now directly owns 494,360 shares of the company’s stock, valued at $7,351,133.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,655,534 shares of company stock valued at $55,953,330. Insiders own 0.87% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WFG Advisors LP increased its stake in Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after purchasing an additional 801 shares during the last quarter. Archford Capital Strategies LLC increased its stake in Hewlett Packard Enterprise by 6,858.7% in the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after purchasing an additional 7,476 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in Hewlett Packard Enterprise by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after purchasing an additional 200 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Hewlett Packard Enterprise by 4.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after purchasing an additional 266 shares during the last quarter. Finally, Harfst & Associates Inc. acquired a new position in Hewlett Packard Enterprise in the first quarter valued at $127,000. 81.34% of the stock is owned by institutional investors.
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).
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