Hewlett Packard Enterprise Company (NYSE:HPE) Given Hold Rating at Royal Bank Of Canada

Royal Bank Of Canada reissued their hold rating on shares of Hewlett Packard Enterprise Company (NYSE:HPE) in a report released on Wednesday morning. The brokerage currently has a $20.00 price target on the technology company’s stock.

Several other brokerages have also issued reports on HPE. BidaskClub lowered Hewlett Packard Enterprise from a hold rating to a sell rating in a research report on Wednesday, July 5th. CIBC decreased their price objective on Hewlett Packard Enterprise from $27.00 to $21.00 and set a buy rating for the company in a research report on Tuesday, July 4th. Mizuho reiterated a neutral rating on shares of Hewlett Packard Enterprise in a research report on Friday, June 9th. Robert W. Baird reiterated a hold rating and issued a $19.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, June 7th. Finally, Raymond James Financial, Inc. reiterated an outperform rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Monday, June 5th. Two analysts have rated the stock with a sell rating, sixteen 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 stock currently has an average rating of Hold and an average target price of $21.99.

Shares of Hewlett Packard Enterprise (NYSE HPE) opened at 17.23 on Wednesday. The firm’s 50-day moving average is $17.65 and its 200-day moving average is $17.65. The stock has a market capitalization of $28.30 billion, a price-to-earnings ratio of 13.06 and a beta of 2.75. Hewlett Packard Enterprise has a 1-year low of $14.76 and a 1-year high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The company had revenue of $9.90 billion during the quarter, compared to analyst estimates of $9.75 billion. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The company’s revenue for the quarter was down 22.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. On average, analysts predict that Hewlett Packard Enterprise will post $1.43 earnings per share for the current fiscal year.

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In related news, CEO Margaret C. Whitman sold 132,192 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the transaction, the chief executive officer now directly owns 865,021 shares of the company’s stock, valued at approximately $14,454,500.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeff T. Ricci sold 6,460 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $18.99, for a total value of $122,675.40. Following the transaction, the senior vice president now directly owns 10,352 shares in the company, valued at $196,584.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 532,637 shares of company stock worth $9,150,294. Company insiders own 0.87% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HPE. Guardian Life Insurance Co. of America raised its position in 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 buying an additional 43 shares during the last quarter. Welch & Forbes LLC raised its position in Hewlett Packard Enterprise by 0.7% in the first quarter. Welch & Forbes LLC now owns 9,892 shares of the technology company’s stock worth $234,000 after buying an additional 68 shares during the last quarter. First National Bank & Trust Co. of Newtown raised its position in Hewlett Packard Enterprise by 0.3% in the first quarter. First National Bank & Trust Co. of Newtown now owns 31,911 shares of the technology company’s stock worth $756,000 after buying an additional 80 shares during the last quarter. Buckingham Asset Management LLC raised its position in Hewlett Packard Enterprise by 0.5% in the first quarter. Buckingham Asset Management LLC now owns 19,748 shares of the technology company’s stock worth $468,000 after buying an additional 106 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC raised its position in Hewlett Packard Enterprise by 1.0% in the first quarter. Franklin Street Advisors Inc. NC now owns 12,172 shares of the technology company’s stock worth $288,000 after buying an additional 122 shares during the last quarter. 80.87% of the stock is currently owned by institutional investors and hedge funds.

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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