Hewlett Packard Enterprise (HPE) Earns Underperform Rating from Analysts at Credit Suisse Group

Credit Suisse Group started coverage on shares of Hewlett Packard Enterprise (NYSE:HPE) in a research note issued on Thursday, The Fly reports. The firm set an “underperform” rating and a $14.00 price target on the technology company’s stock. Credit Suisse Group’s price objective indicates a potential downside of 14.16% from the stock’s current price.

HPE has been the subject of several other research reports. Morgan Stanley cut shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $21.00 to $15.00 in a research note on Tuesday, January 15th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Tuesday, February 26th. UBS Group cut shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and reduced their target price for the company from $17.00 to $13.00 in a research note on Tuesday, March 12th. BMO Capital Markets reiterated a “hold” rating and issued a $16.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday, February 21st. Finally, ValuEngine upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.10.

HPE stock traded up $0.04 during mid-day trading on Thursday, reaching $16.31. 65,380 shares of the stock traded hands, compared to its average volume of 10,739,408. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.94 and a quick ratio of 0.80. Hewlett Packard Enterprise has a 52 week low of $12.09 and a 52 week high of $17.88. The stock has a market capitalization of $21.86 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.58.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 21st. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.07. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. The company had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.68 billion. During the same period in the prior year, the company earned $0.34 earnings per share. Equities analysts expect that Hewlett Packard Enterprise will post 1.64 EPS for the current fiscal year.

In other news, SVP Kirt P. Karros sold 14,126 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $15.00, for a total transaction of $211,890.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Antonio F. Neri sold 398,145 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $16.50, for a total transaction of $6,569,392.50. Following the sale, the insider now directly owns 4,936 shares of the company’s stock, valued at approximately $81,444. The disclosure for this sale can be found here. Insiders sold 1,702,360 shares of company stock valued at $27,895,760 in the last three months. Company insiders own 0.56% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Stephens Inc. AR increased its holdings in shares of Hewlett Packard Enterprise by 4.9% in the fourth quarter. Stephens Inc. AR now owns 16,877 shares of the technology company’s stock valued at $223,000 after purchasing an additional 788 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Hewlett Packard Enterprise by 12.1% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 7,471 shares of the technology company’s stock valued at $99,000 after purchasing an additional 808 shares in the last quarter. Ffcm LLC increased its holdings in shares of Hewlett Packard Enterprise by 3.1% in the fourth quarter. Ffcm LLC now owns 32,401 shares of the technology company’s stock valued at $428,000 after purchasing an additional 970 shares in the last quarter. Mission Wealth Management LP increased its holdings in shares of Hewlett Packard Enterprise by 3.4% in the fourth quarter. Mission Wealth Management LP now owns 30,020 shares of the technology company’s stock valued at $397,000 after purchasing an additional 988 shares in the last quarter. Finally, Burney Co. increased its holdings in shares of Hewlett Packard Enterprise by 10.0% in the fourth quarter. Burney Co. now owns 11,050 shares of the technology company’s stock valued at $146,000 after purchasing an additional 1,000 shares in the last quarter. 82.92% of the stock is owned by institutional investors.

About Hewlett Packard Enterprise

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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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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