Hewlett Packard Enterprise Company (NYSE:HPE) Given Buy Rating at Mizuho

Paterniano Del Favero
Agosto 4, 2017

They presently have a $22.00 price objective on the technology company's stock.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, May 31st. Insiders own 0.87% of the company's stock. Balasa Dinverno & Foltz LLC increased its stake in shares of Hewlett Packard Enterprise by 8.2% in the second quarter. Vanguard Group Inc. increased its position in shares of Hewlett Packard Enterprise by 3.9% in the first quarter. Balasa Dinverno & Foltz LLC now owns 101,253 shares of the technology company's stock valued at $1,680,000 after buying an additional 7,698 shares during the period. Harfst & Associates Inc. bought a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at $127,000. First National Bank & Trust Co. of Newtown now owns 31,911 shares of the technology company's stock valued at $756,000 after buying an additional 80 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Hewlett Packard Enterprise by 9.6% in the first quarter. KBC Group NV now owns 1,734,568 shares of the technology company's stock valued at $28,776,000 after buying an additional 1,036,274 shares during the last quarter. Finally, Franklin Street Advisors Inc. On average, equities research analysts expect that Hewlett Packard Enterprise will post $1.45 earnings per share for the current year. The RSI computes momentum as the ratio of higher closes to lower closes: stocks which have had more or stronger positive changes have a higher RSI than stocks which have had more or stronger negative changes.

When the trading finished on 08/03/2017 Hewlett Packard Enterprise Company (NYSE:HPE) shares were down -0.35% to reach $17.29. Current price places the company's stock -1.27% away from its 200-day simple moving average, 0.09%, away from the 50-day average and also -0.18% away from 20-day average. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 56.74% since August 4, 2016 and is uptrending. The company has market cap of $29.07 billion.

Yet another important factor while evaluating a good buy/sell decision for Hewlett Packard Enterprise Company (HPE) is its Earnings per Share or EPS. The technology company reported $0.35 earnings per share for the quarter, meeting analysts' consensus estimates of $0.35. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The firm had revenue of $9.90 billion for the quarter, compared to analysts' expectations of $9.75 billion. The other 12, though not evenly; between analysts who think you should buy Hewlett Packard Enterprise Company versus those who think you should sell it. Another trade for 1,886 shares valued at $123,665 was made by JIGANTI JEANINE MARIE on Tuesday, June 13.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.065 per share. The ex-dividend date is Tuesday, September 12th.

In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 6,460 shares of the stock in a transaction that occurred on Thursday, May 25th.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & worldwide trademark & copyright law. While looking the figure depicted by the Price to Earning we can suggest that the shares of Hewlett Packard Enterprise Company (HPE) are overvalued. CIBC decreased their target price on Hewlett Packard Enterprise from $27.00 to $21.00 and set a buy rating for the company in a research report on Thursday, April 6th.

The share of Hewlett Packard Enterprise Company (HPE) now has a value of $17.29 while the company's 52 week low is at $15.46, the shares dropped to the 52 week low on 09/12/16. Oppenheimer Holdings, Inc. set a $21.00 target price on Hewlett Packard Enterprise and gave the stock a buy rating in a research note on Monday, April 17th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Hewlett Packard Enterprise now has a consensus rating of "Hold" and a consensus price target of $21.87. Also, CEO Margaret C. Whitman sold 62,652 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $18.80, for a total transaction of $216,482.00. The sale was disclosed in a filing with the SEC, which is available through this link. Finally, Bank of New York Mellon Corp boosted its position in shares of Hewlett Packard Enterprise by 16.4% in the first quarter. The last session's volume of 20.94 million shares was higher than its average volume of 18.28 million shares. 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 disclosure for this sale can be found here. Primecap Management Co. CA now owns 61,397,295 shares of the technology company's stock worth $1,455,116,000 after buying an additional 5,394,147 shares in the last quarter.

Since February 23, 2017, it had 0 insider purchases, and 7 insider sales for $1.03 million activity.

Hewlett Packard Enterprise Company is a provider of technology solutions.

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