Hewlett Packard Enterprise Company (NYSE:HPE) Receives Sell Rating from Barclays PLC

Rodiano Bonacci
Settembre 25, 2017

Hewlett-Packard had about 350,000 workers when CEO Meg Whitman took the helm in 2011. Although the top and bottom lines came ahead of the respective Zacks Consensus Estimate, the disappointing guidance for the next quarter undermines its near-term prospects. We also consider that the company is still struggling to determine its true business focus. The company will aim at saving $1.5 billion within the time span of three years.

HPE has been the subject of a number of other research reports. BidaskClub cut shares of Hewlett Packard Enterprise from a "hold" rating to a "sell" rating in a research report on Saturday, August 5th. Morgan Stanley reaffirmed an equal weight rating and issued a $18.00 target price (up from $17.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. The stock stands almost -58.56% off versus the 52-week high and 16.35% away from the 52-week low. Deutsche Bank AG cut their target price on Hewlett Packard Enterprise from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. (EXK). The consensus rating is 2.3, suggesting the market has given up on the stock.

Hewlett Packard Enterprise Company (NYSE:HPE)'s stock had its "hold" rating reiterated by equities research analysts at Loop Capital in a report released on Friday, September 8th. The stock had a trading volume of 22,932,470 shares. That puts the market capitalization at $315.98 mln. Hewlett Packard Enterprise has a one year low of $12.26 and a one year high of $14.86. The company has a 50 day moving average price of $13.61 and a 200 day moving average price of $13.67.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, September 5th.

For the current quarter, 19 analysts are projecting a mean EPS of $0.28/share. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. A Hewlett Packard Enterprise representative didn't immediately respond to requests for comment. Overall, Hewlett Packard Enterprise Co is looking to save $1.5 billion over three years. During the same period in the prior year, the firm posted $0.49 EPS. Equities analysts anticipate that Hewlett Packard Enterprise will post $1.40 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright laws. The original version of this story can be viewed at https://stocknewstimes.com/2017/09/25/lazard-asset-management-llc-sells-14883-shares-of-hewlett-packard-enterprise-company-hpe.html. Also, CEO Margaret C. Whitman sold 249,023 shares of the business's stock in a transaction on Monday, September 18th. The shares were sold at an average price of $13.67, for a total transaction of $3,404,144.41. Following the transaction, the chief executive officer now directly owns 1,016,622 shares of the company's stock, valued at $13,897,222.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The stock was sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the completion of the transaction, the chief executive officer now owns 865,021 shares in the company, valued at $14,471,801.33. The disclosure for this sale can be found here. Insiders have sold 2,266,908 shares of company stock valued at $37,619,353 in the last ninety days.

A number of institutional investors and hedge funds have recently modified their holdings of HPE. YorkBridge Wealth Partners LLC boosted its holdings in Hewlett Packard Enterprise by 3.2% during the second quarter. The co's performance for 6 months was moved up of 4.08%, 1-year performance stands at 2.64% and year to date showing isolated positively performance of 2.55%. BlackRock Inc. boosted its position in shares of Hewlett Packard Enterprise by 2,713.7% during the first quarter. Cleararc Capital Inc. now owns 40,716 shares of the technology company's stock valued at $965,000 after purchasing an additional 221 shares during the period. Buckingham Asset Management LLC raised its position in Hewlett Packard Enterprise by 0.5% during the first quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company's stock valued at $108,000 after acquiring an additional 200 shares during the period. Cleararc Capital Inc. raised its position in Hewlett Packard Enterprise by 0.5% during the first quarter. Hewlett Packard Enterprise Company (NYSE:HPE) has a 20-Day average volume of 18 Million.

HPE included the Enterprise Group (servers, storage, networking, consulting and support), Services, Software, and Financial Services.

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