Hewlett Packard Enterprise (NYSE:HPE) Shares Gap Up to $15.35

Hewlett Packard Enterprise Co (NYSE:HPE)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $14.85, but opened at $15.35. Hewlett Packard Enterprise shares last traded at $15.97, with a volume of 19,509,077 shares changing hands.

HPE has been the subject of a number of recent analyst reports. Oppenheimer lowered their price objective on Hewlett Packard Enterprise from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. UBS Group set a $15.00 price objective on Hewlett Packard Enterprise and gave the company a “sell” rating in a research report on Monday, September 30th. Loop Capital lowered their price objective on Hewlett Packard Enterprise to $19.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Barclays lifted their price objective on Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Nomura lowered their price objective on Hewlett Packard Enterprise from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.94.

The stock has a market cap of $19.86 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 1.32 and a beta of 1.60. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average of $14.69 and a two-hundred day moving average of $14.67.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. Hewlett Packard Enterprise had a positive return on equity of 12.92% and a negative net margin of 0.63%. The firm had revenue of $7.22 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities research analysts anticipate that Hewlett Packard Enterprise Co will post 1.74 EPS for the current fiscal year.

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 49,635 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.19, for a total transaction of $753,955.65. Following the transaction, the chief executive officer now owns 29,602 shares in the company, valued at $449,654.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Philip Davis sold 16,436 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $14.43, for a total value of $237,171.48. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. John G Ullman & Associates Inc. lifted its stake in shares of Hewlett Packard Enterprise by 8.4% during the third quarter. John G Ullman & Associates Inc. now owns 32,100 shares of the technology company’s stock worth $487,000 after purchasing an additional 2,500 shares in the last quarter. Excalibur Management Corp acquired a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $232,000. Strs Ohio lifted its stake in shares of Hewlett Packard Enterprise by 6.6% during the third quarter. Strs Ohio now owns 116,125 shares of the technology company’s stock worth $1,761,000 after purchasing an additional 7,188 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of Hewlett Packard Enterprise by 8.9% during the third quarter. Stephens Inc. AR now owns 13,793 shares of the technology company’s stock worth $209,000 after purchasing an additional 1,128 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Hewlett Packard Enterprise by 49.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,166,088 shares of the technology company’s stock worth $63,200,000 after purchasing an additional 1,376,951 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Hewlett Packard Enterprise Company Profile (NYSE:HPE)

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 for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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