Hewlett Packard Enterprise (NYSE:HPE) had its price target lowered by research analysts at Maxim Group from $18.00 to $17.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the technology company’s stock. Maxim Group’s price objective would indicate a potential upside of 15.57% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Oppenheimer set a $18.00 target price on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Thursday, August 30th. Deutsche Bank lifted their target price on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. UBS Group initiated coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, September 26th. They set a “hold” rating and a $17.00 target price for the company. Finally, BMO Capital Markets reduced their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.36.

Hewlett Packard Enterprise stock opened at $14.71 on Thursday. The stock has a market cap of $23.58 billion, a PE ratio of 9.43, a PEG ratio of 0.93 and a beta of 1.58. Hewlett Packard Enterprise has a fifty-two week low of $14.22 and a fifty-two week high of $19.48. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.48.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $7.95 billion for the quarter, compared to analyst estimates of $7.84 billion. Hewlett Packard Enterprise had a net margin of 6.18% and a return on equity of 10.44%. Hewlett Packard Enterprise’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. Research analysts expect that Hewlett Packard Enterprise will post 1.57 EPS for the current fiscal year.

In other Hewlett Packard Enterprise news, CFO Timothy C. Stonesifer sold 479,142 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $16.57, for a total value of $7,939,382.94. Following the completion of the sale, the chief financial officer now owns 637,868 shares of the company’s stock, valued at approximately $10,569,472.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Keerti Melkote sold 102,284 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total transaction of $1,630,406.96. Following the completion of the sale, the insider now directly owns 102,284 shares of the company’s stock, valued at approximately $1,630,406.96. The disclosure for this sale can be found here. Insiders sold a total of 664,319 shares of company stock valued at $10,978,971 in the last three months. Insiders own 1.18% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. lifted its holdings in shares of Hewlett Packard Enterprise by 197.1% during the 3rd quarter. Marshall Wace North America L.P. now owns 61,800 shares of the technology company’s stock worth $1,008,000 after acquiring an additional 41,000 shares during the period. Legal & General Group Plc lifted its holdings in shares of Hewlett Packard Enterprise by 0.7% during the 3rd quarter. Legal & General Group Plc now owns 8,301,473 shares of the technology company’s stock worth $135,376,000 after acquiring an additional 54,050 shares during the period. Rehmann Capital Advisory Group lifted its holdings in shares of Hewlett Packard Enterprise by 1,407.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 144,086 shares of the technology company’s stock worth $8,834,000 after acquiring an additional 134,529 shares during the period. Csenge Advisory Group bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $570,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Hewlett Packard Enterprise by 8.1% during the 3rd quarter. Nordea Investment Management AB now owns 758,347 shares of the technology company’s stock worth $12,367,000 after acquiring an additional 56,891 shares during the period. 78.92% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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