Nomura Begins Coverage on Hewlett Packard Enterprise (HPE)

Investment analysts at Nomura began coverage on shares of Hewlett Packard Enterprise (NYSE:HPE) in a research report issued on Thursday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $16.00 price target on the technology company’s stock. Nomura’s target price points to a potential upside of 9.51% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, March 20th. Oppenheimer set a $20.00 target price on Hewlett Packard Enterprise and gave the company a “buy” rating in a research report on Tuesday, May 22nd. Maxim Group reissued a “hold” rating and issued a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, May 23rd. BMO Capital Markets reissued a “hold” rating and issued a $19.00 target price on shares of Hewlett Packard Enterprise in a research report on Tuesday, May 22nd. Finally, ValuEngine lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.30.

Hewlett Packard Enterprise opened at $14.61 on Thursday, according to Marketbeat.com. Hewlett Packard Enterprise has a one year low of $12.71 and a one year high of $19.48. The company has a market capitalization of $22.27 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 1.07 and a beta of 1.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.04.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, May 22nd. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.25% and a net margin of 9.36%. The firm had revenue of $7.47 billion for the quarter, compared to analysts’ expectations of $7.39 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. analysts anticipate that Hewlett Packard Enterprise will post 1.47 EPS for the current year.

In other news, Director Margaret C. Whitman sold 674,500 shares of the company’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $15.89, for a total transaction of $10,717,805.00. Following the sale, the director now owns 2,169,760 shares of the company’s stock, valued at $34,477,486.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Margaret C. Whitman sold 674,000 shares of the company’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $17.32, for a total value of $11,673,680.00. Following the sale, the director now directly owns 2,169,760 shares in the company, valued at approximately $37,580,243.20. The disclosure for this sale can be found here. Insiders have sold 9,016,585 shares of company stock worth $148,569,035 in the last ninety days. Corporate insiders own 1.18% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. LSV Asset Management grew its stake in shares of Hewlett Packard Enterprise by 2.3% during the first quarter. LSV Asset Management now owns 10,904,432 shares of the technology company’s stock worth $191,263,000 after purchasing an additional 242,200 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Hewlett Packard Enterprise by 196.3% during the first quarter. Prudential Financial Inc. now owns 8,753,931 shares of the technology company’s stock worth $153,544,000 after purchasing an additional 5,799,831 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Hewlett Packard Enterprise by 1.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 6,314,644 shares of the technology company’s stock worth $110,759,000 after purchasing an additional 96,426 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of Hewlett Packard Enterprise by 13.6% during the fourth quarter. Guggenheim Capital LLC now owns 5,953,943 shares of the technology company’s stock worth $85,497,000 after purchasing an additional 710,629 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Hewlett Packard Enterprise by 16.5% during the fourth quarter. Deutsche Bank AG now owns 5,952,678 shares of the technology company’s stock worth $85,473,000 after purchasing an additional 843,627 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors and hedge funds.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides technology solutions to business and public sector enterprises. It operates through Enterprise Group, Financial Services, and Corporate Investments segments. The Enterprise Group segment offers industry standard servers and mission-critical servers to address the array of its customers' computing needs; converged storage solutions, including 3PAR StoreServ, StoreOnce, and StoreVirtual products, as well as traditional storage solutions, such as tape, storage networking, and legacy external disk products for enterprise and small- and medium-size business; software-defined switches, routers, wireless local area network equipment, network virtualization equipment, security software, location-based services, and network management products; and data center care, proactive care, and technology consulting services, as well as Aruba Services, and communications and media solutions.

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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