CSC and HPE Enterprise Services Division Complete Merger to Form DXC Technology

Cornelia Mascio
Aprile 3, 2017

The 52-week high for Hewlett Packard Enterprise Company stands at -4.47% while the 52-week low stands at 55.80%. The stock presently has a consensus rating of "Hold" and a consensus target price of $24.27. Ltd. now owns 274,330 shares of the company's stock worth $6,241,000 after buying an additional 3,470 shares in the last quarter.

DXC Technologies, the merged business formed out of CSC and HPE Enterprise Services, has formally opened for business today. The ex-dividend date is Monday, March 13th.

At present the return on equity (ROE) stands at 10.00% and the debt to equity stands at 0.5. The shares were sold at an average price of $22.33, for a total value of $5,760,358.45. The stock was sold at an average price of $23.50, for a total transaction of $738,393.50. Hewlett Packard Enterprise Co has a 12-month low of $15.38 and a 12-month high of $24.88. Mizuho restated a "neutral" rating and set a $22.00 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, March 7th.

The performance week for Hewlett Packard Enterprise Company is at 4.08% and the performance month is at 3.57%. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 7.3%, and has a solid year to date (YTD) performance of 2.72% which means the stock is constantly adding to its value from the previous fiscal year end price. Institutional investors and hedge funds own 79.10% of the company's stock. The new company is expected to have $26 billion in annual revenues and almost 6,000 clients in over 70 countries. Following the completion of the sale, the executive vice president now owns 31,422 shares of the company's stock, valued at approximately $738,417. BMO Capital Markets restated a "market perform" rating and issued a $24.00 target price (down from $27.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, February 23rd. Fiscal 2017 non-GAAP net EPS is now projected to be $1.46 to $1.56, below its prior outlook of $1.88 to $1.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.87% of the company's stock. The company's technology independence, global talent and extensive partner network combine to deliver powerful next-generation IT services and solutions.

The analysts wrote, "We see the deal as at a fair price and by which HPE can expand NMBL distribution". The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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