Traders Buy Hewlett Packard Enterprise Company (HPE) on Weakness

What Drove HPE’s Hardware Revenue Growth in 3Q17

What Drove HPE’s Hardware Revenue Growth in 3Q17

Zacks Investment Research lowered Hewlett Packard Enterprise from a "hold" rating to a "sell" rating in a research report on Thursday, September 7th. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company's stock worth $108,000 after purchasing an additional 200 shares during the last quarter. Hewlett Packard Enterprise's revenue for the quarter was up 2.5% on a year-over-year basis. sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.38 earnings per share for the current fiscal year.

A number of other research analysts also recently issued reports on HPE. YorkBridge Wealth Partners LLC raised its holdings in Hewlett Packard Enterprise by 3.2% during the second quarter. Ledyard National Bank now owns 4,404 shares of the company's stock worth $100,000 after buying an additional 36 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Hewlett Packard Enterprise by 58.3% in the third quarter. These ratios are important while doing valuation of the company or the shares of the company. Pzena Investment Management LLC raised its stake in Hewlett Packard Enterprise by 69.7% during the third quarter. However, HPE stock has returned -1% in the trailing 12-month period. Also, CEO Margaret C. Whitman sold 389,668 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, August 16th. Short shares fell 6,837,173 over that timeframe. (NYSE:HPE) opened at 22.77 on Friday. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The stock was sold at an average price of $13.14, for a total transaction of $3,272,543.28. The company reported $0.61 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.61.

ILLEGAL ACTIVITY NOTICE: "Traders Buy Hewlett Packard Enterprise Company (HPE) on Weakness" was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. In contrast to the year ago quarter EPS was at 0.52. On average, analysts forecast that Hewlett Packard Enterprise Co. will post $2.04 earnings per share for the current year. Investors of record on Wednesday, December 14th were given a dividend of $0.065 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.23%. This is a boost from Hewlett Packard Enterprise's previous quarterly dividend of $0.06. The firm has "Buy" rating by Gabelli given on Monday, December 5.

A number of hedge funds have recently modified their holdings of the stock. Jefferies Group reaffirmed a "buy" rating and set a $27.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday.

Hewlett Packard Enterprise Company (HPE) now has P/E (Price to Earnings) ratio of 74.07 while the company's industry has 16.27 P/E and the sector P/E is 17.76. Finally, Guggenheim assumed coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, January 4th. BMO Capital Markets reissued a "market perform" rating and set a $15.00 price objective (down from $18.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Royal Bank Of Canada restated a "hold" rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 11th.

In related news, SVP Jeff T. Ricci sold 87,324 shares of the business's stock in a transaction on Monday, November 6th. Amf Pensionsforsakring Ab owns 238,367 shares valued at $3,506,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Following the transaction, the chief executive officer now owns 892,118 shares of the company's stock, valued at approximately $11,722,430.52. Following the completion of the transaction, the chief executive officer now owns 1,514,639 shares in the company, valued at $21,613,898.53. The disclosure for this sale can be found here.

Hewlett Packard Enterprise (HPE) split with HP (HPQ) in November 2015 to focus on core growth areas. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology.

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