Analysts Set Hewlett Packard Enterprise Company (HPE) Price Target at $21.70

Heritage Investors Management Corp boosted its position in shares of Hewlett Packard Enterprise by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 520,405 shares of the technology company's stock worth $12,333,000 after buying an additional 6,800 shares during the period. Russell Investments Group Ltd. owned 0.12% of Hewlett Packard Enterprise worth $33,412,000 as of its most recent filing with the SEC. Poplar Forest Capital LLC now controls 2,777,681 shares worth $46,082,000.

Proshare Advisors LLC bolstered its position by buying 15,160 shares an increase of 8.7% as of 06/30/2017. BlackRock Inc. increased its position in Hewlett Packard Enterprise by 2,713.7% in the first quarter. Alpha Windward LLC now owns 20,667 shares of the technology company's stock valued at $343,000 after buying an additional 2,188 shares during the period. Finally, Fulton Bank N.A. boosted its position in Hewlett Packard Enterprise by 6.7% in the first quarter. Spirit of America Management Corp NY now owns 14,300 shares of the technology company's stock worth $339,000 after buying an additional 3,300 shares during the period.

Shares of Hewlett Packard Enterprise Company (HPE) opened at 17.30 on Friday.

Shares are trading at $17.31 a tad under $17.20, the stock's 50 day moving average and barely below the 200 day moving average of $17.61. Hewlett Packard Enterprise has $29 highest and $13 lowest target. BLB&B Advisors LLC purchased a new position in Hewlett Packard Enterprise during the first quarter worth approximately $247,000. The analysts estimated EPS for the higher end at 0.28 and lower end at 0.24 while the year ago reported earnings per share was 0.5. It has outperformed by 40.04% the S&P500.The move comes after 9 months positive chart setup for the $28.63 billion company. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The company's revenue for the quarter was down 22.1% on a year-over-year basis. The 1 year EPS growth rate is 35.50%. The value of the company's investment in Hewlett Packard Enterprise Comp went from $1,816,000 to $10,041,000 a change of 452.9% for the reporting period. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.065 per share. The dividend yield will be $1.47. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise's payout ratio is 20.16%.

TRADEMARK VIOLATION NOTICE: This article was first published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of global copyright law.

HPE has been the topic of several analyst reports. Maxim Group maintained the shares of HPE in report on Monday, December 5 with "Hold" rating. The firm earned "Neutral" rating on Tuesday, November 3 by Mizuho. The Mean Recommendation is the average rating on a stock by the analyst community. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. The consensus rating is 2.8, suggesting the market has given up on the stock. Hewlett Packard Enterprise Company has a one year low of $15.46 and a one year high of $19.16. The current trading volume of 1.78 sits 32.84% higher than the past 3 month's readings, indicating near-term traders have been more active toward MAC than usual of late. The total value of its holdings decreased 16.7%. Following the transaction, the chief executive officer now directly owns 865,021 shares in the company, valued at $14,454,500.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher P. Hsu sold 11,515 shares of the firm's stock in a transaction that occurred on Wednesday, May 31st.

Similarly, cash repurchases and a reduction of debt can increase the shareholder value, too. The disclosure for this sale can be found here. In the latest earnings report the EPS was $1.32 and is expected to be $1.45 for the current year with 1,642,630,000 shares now outstanding. Hedge funds and other institutional investors own 80.31% of the company's stock. The Company's plasma assisted biomass to energy plants utilizes technologies that produces green energy, including fuel and electricity. The Company's divisions include: Enterprise Group, Software, Financial Services and Corporate Investments.

Latest News