Oppenheimer Holdings, Inc. reiterated their buy rating on shares of Hewlett Packard Enterprise Company (NYSE:HPE) in a research report sent to investors on Thursday morning. They currently have a $17.00 target price on the technology company’s stock.

Several other equities analysts have also recently weighed in on the company. Robert W. Baird reissued a hold rating and set a $16.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday. TheStreet raised Hewlett Packard Enterprise from a c rating to a b- rating in a report on Monday, October 16th. Pivotal Research began coverage on Hewlett Packard Enterprise in a report on Tuesday, October 17th. They set a hold rating and a $14.00 price target on the stock. Citigroup Inc. cut Hewlett Packard Enterprise from a buy rating to a neutral rating and increased their price target for the company from $14.80 to $16.00 in a report on Friday, October 13th. Finally, Royal Bank Of Canada reissued a hold rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $17.79.

Shares of Hewlett Packard Enterprise (NYSE HPE) traded up 1.30% during mid-day trading on Thursday, hitting $14.04. The company’s stock had a trading volume of 12,664,357 shares. The company has a market cap of $22.74 billion, a price-to-earnings ratio of 195.00 and a beta of 2.71. The stock’s 50 day moving average price is $14.23 and its 200 day moving average price is $13.88. Hewlett Packard Enterprise has a 52-week low of $12.43 and a 52-week high of $15.12.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. Equities analysts forecast that Hewlett Packard Enterprise will post $1.39 EPS for the current year.

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Hewlett Packard Enterprise announced that its board has approved a share buyback plan on Wednesday, October 18th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 389,668 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the sale, the chief executive officer now directly owns 962,433 shares of the company’s stock, valued at $17,150,556.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Margaret C. Whitman sold 138,401 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $17.45, for a total value of $2,415,097.45. Following the sale, the chief executive officer now directly owns 896,720 shares in the company, valued at $15,647,764. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,655,534 shares of company stock worth $55,953,330. Insiders own 0.87% of the company’s stock.

Institutional investors have recently modified their holdings of the company. WFG Advisors LP grew its position in shares of Hewlett Packard Enterprise by 15.3% during the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after purchasing an additional 801 shares in the last quarter. Archford Capital Strategies LLC grew its position in shares of Hewlett Packard Enterprise by 6,858.7% during the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after purchasing an additional 7,476 shares in the last quarter. YorkBridge Wealth Partners LLC grew its position in shares of Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after purchasing an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Hewlett Packard Enterprise by 4.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after purchasing an additional 266 shares in the last quarter. Finally, Harfst & Associates Inc. purchased a new position in shares of Hewlett Packard Enterprise during the first quarter valued at about $127,000. Hedge funds and other institutional investors own 81.34% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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