Hewlett Packard Enterprise (HPE) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Hewlett Packard Enterprise (NYSE: HPE) recently:

  • 3/8/2017 – Hewlett Packard Enterprise had its “hold” rating reaffirmed by analysts at Robert W. Baird. They wrote, “We see the deal as at a fair price and by which HPE can expand NMBL distribution. Acquiring Nimble Storage. HPE will pay $12.50 per share in cash at a net purchase price of $1.0 billion. HPE will also assume Nimble’s unvested equity awards of $200 million. HPE expects the acquisition to close in April and to be accretive to earnings in the first full fiscal year following close. Who is Nimble? Nimble is a leading player in the rapidly growing all flash and hybrid flash array markets.””
  • 3/8/2017 – Hewlett Packard Enterprise had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 3/7/2017 – Hewlett Packard Enterprise had its “neutral” rating reaffirmed by analysts at Mizuho. They now have a $22.00 price target on the stock.
  • 2/28/2017 – Hewlett Packard Enterprise was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.
  • 2/27/2017 – Hewlett Packard Enterprise was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Hewlett Packard Enterprise offers technology solutions to business and public sector enterprises. Although the company reported better-than-expected bottom-line results for first-quarter fiscal 2017, we are disappointed by its dismal top-line performance. Not only did it fall short of our estimates but also declined significantly on a year-over-year basis. Notably, this was the third consecutive quarter when the company’s revenues have fallen short of our estimates. Last quarter's three major challenges, heightened pressure from unfavorable currency exchange movements, increased commodities pricing and some near-term execution issues, are likely to affect its overall performance in the near term as well, owing to which the company lowered its fiscal 2017 earnings outlook. The dismal first quarter top-line performance along with lowered fiscal 2017 outlook raises concerns over its future prospects.”
  • 2/27/2017 – Hewlett Packard Enterprise had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $25.00 price target on the stock.
  • 2/24/2017 – Hewlett Packard Enterprise was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $24.00 price target on the stock, down previously from $27.00.
  • 2/24/2017 – Hewlett Packard Enterprise had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $23.00 price target on the stock, up previously from $22.00.
  • 2/24/2017 – Hewlett Packard Enterprise was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating.
  • 2/24/2017 – Hewlett Packard Enterprise had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $27.00 price target on the stock.
  • 2/23/2017 – Hewlett Packard Enterprise had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $24.00 price target on the stock, down previously from $27.00.
  • 2/17/2017 – Hewlett Packard Enterprise was given a new $27.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
  • 2/15/2017 – Hewlett Packard Enterprise was upgraded by analysts at OTR Global to a “positive” rating.
  • 2/7/2017 – Hewlett Packard Enterprise was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Hewlett Packard Enterprise offers technology solutions to business and public sector enterprises. A look at Hewlett Packard’s one year price performance shows that the company has outperformed the Zacks categorized Computer-Integrated Systems industry. The company’s massive restructuring initiatives toward focusing on high margin businesses such as, IoT, server, storage and Big Data is encouraging. On the one hand, it is offloading low margin business such as Software, which in our opinion will improvise the company’s margins over the long run. On the other hand, it is enhancing its capabilities in the hybrid IT model as evident from the company’s recent agreements to acquire SimpliVity and Cloud Cruiser. We believe that the company’s focus on hybrid IT model will drive growth in the long run. However, competition, macroeconomic challenges and declining server shipments remain near-term concerns.”
  • 1/24/2017 – Hewlett Packard Enterprise was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “Hewlett Packard Enterprise offers technology solutions to business and public sector enterprises. A look at Hewlett Packard’s one year price performance shows that the company has outperformed the Zacks categorized Computer-Integrated Systems industry. The company’s massive restructuring initiatives toward focusing on high margin businesses such as, IoT, server, storage and Big Data is encouraging. On the one hand, it is offloading low margin business such as Software, which in our opinion will improvise the company’s margins over the long run. On the other hand, it is enhancing its capabilities in the hybrid IT model as evident from the company’s recent agreements to acquire SimpliVity and Cloud Cruiser. We believe that the company’s focus on hybrid IT model will drive growth in the long run. However, competition, macroeconomic challenges and declining server shipments remain near-term concerns.”
  • 1/24/2017 – Hewlett Packard Enterprise had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co.
  • 1/24/2017 – Hewlett Packard Enterprise had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $20.00 price target on the stock.

Shares of Hewlett Packard Enterprise Co (NYSE:HPE) opened at 22.95 on Tuesday. The stock has a 50 day moving average of $23.25 and a 200-day moving average of $22.92. The firm has a market capitalization of $38.04 billion, a price-to-earnings ratio of 12.45 and a beta of 3.05. Hewlett Packard Enterprise Co has a one year low of $15.38 and a one year high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Thursday, February 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.43%. The firm earned $11.41 billion during the quarter, compared to the consensus estimate of $12.09 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. Hewlett Packard Enterprise’s revenue was down 10.4% compared to the same quarter last year. On average, equities analysts anticipate that Hewlett Packard Enterprise Co will post $1.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 15th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, March 13th. This represents a $0.26 dividend on an annualized basis and a yield of 1.13%. Hewlett Packard Enterprise’s payout ratio is 14.21%.

In other Hewlett Packard Enterprise news, EVP Michael G. Nefkens sold 257,965 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $22.33, for a total transaction of $5,760,358.45. Following the completion of the sale, the executive vice president now directly owns 412 shares in the company, valued at $9,199.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael G. Nefkens sold 831,311 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $22.41, for a total transaction of $18,629,679.51. Following the sale, the executive vice president now owns 474,245 shares of the company’s stock, valued at $10,627,830.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,412,009 shares of company stock valued at $31,696,713. 0.87% of the stock is owned by insiders.

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

5 Day Chart for NYSE:HPE

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