Jupiter Asset Management Ltd reduced its stake in Hewlett Packard Enterprise Co by 1.64% during the most recent quarter end. The company split past year from Hewlett Packard Enterprise, which focuses on software and hardware for corporate customers. Finally, Brean Capital reaffirmed a “buy” rating on shares of Hewlett-Packard in a report on Monday, June 6th. Finally, Atlantic Securities restated a buy rating on shares of Hewlett-Packard in a report on Sunday, May 29th. The company stock was initiated at Mkt Perform, wrote analysts at Raymond James, in a research note issued to clients on Wednesday August 17, 2016.
20 number of analysts provided their estimates on Hewlett Packard Enterprise Company, where the Average Price Target for the stock is $21.26. Hewlett-Packard has a 12 month low of $8.91 and a 12 month high of $14.82.
HPQ closed Wednesday’s trading at $14.40, down $0.17 or 1.17%, on the NYSE.
The EPS numbers reported beat HP’s internal guidance of $0.43 to $0.46 per share. The firm has a market capitalization of $24.63 billion and a price-to-earnings ratio of 7.56.
Analysts await Hewlett Packard Enterprise Co (HPE) to report earnings on September, 7 after the close. Analysts now estimate earnings of $0.41 and $1.62 per share for the full year.
Total revenue fell 3.8 percent to $11.89 billion, but topped the average estimate of $11.46 billion. The company’s revenue was up 1.3% compared to the same quarter a year ago. Cibc World Markets added HPE to its portfolio by purchasing 18,990 company shares during the most recent quarter which is valued at $380,750.Regentatlantic Capital reduced its stake in HPE by selling 11,974 shares or 18.09% in the most recent quarter. The investment increase will “put pressure” on HP’s current quarter, but it will “pay dividends in supply revenue in the future”, she promised. But because it has continued to generate cash and issued relatively large dividends, its shares had risen more than 20 percent so far this year thanks to buying by investors attracted to dividends. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell The mean price target for the shares of company is at $21.26 while the highest price target suggested by the analysts is $26.00 and low price target is $16.00. Following the completion of the sale, the insider now directly owns 313,582 shares in the company, valued at $4,120,467.48.
In related news, insider Tracy S. Keogh sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, May 27th. Ricci Jeff T offloaded 28,776 shares in the company at a per-share price of $21.4 and ended up generating $615,810 in proceeds. In contrast to retail, or individual, investors, institutional investors trade in huge blocks, defined as 10,000 or more shares in a single transaction.
Hewlett-Packard Co. a year ago split into two companies, with Hewlett Packard Enterprise Co. selling commercial tech products and services, while HP Inc., is focused on personal computers and printers.
HP is broadening its reach into the corporate copying-and-printing systems as well as 3D printers.