Hewlett Packard Enterprise Co (HPE) Stake Lowered by Meridian Investment Counsel Inc

Analysts See $0.35 EPS for Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Company (NYSE:HPE) Quarterly EPS Analysis

Following trading activity for Hewlett Packard Enterprise Company (NYSE:HPE), we can see that the stock has moved onto today's list of most actives. Ltd. now owns 398,197 shares of the technology company's stock valued at $9,059,000 after buying an additional 8,833 shares during the last quarter. Meridian Investment Counsel Inc.'s holdings in Hewlett Packard Enterprise were worth $550,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company.

Hewlett Packard Enterprise Company (HPE) closed business day at $18.78 with -0.11%. Norges Bank acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $372,714,000. The stock carved out a 52-week low down at $15.21. Manning & Napier Advisors LLC acquired a new position in Hewlett Packard Enterprise during the third quarter worth about $225,000.

Hewlett Packard Enterprise Co (NYSE:HPE) traded down 1.01% on Friday, reaching $18.59. The company had a trading volume of 20,162,007 shares.

The stock subtracted in the prior trading session by -1.62%, closing at the stock price of $18.8. This change led market cap to move at $31.13B, putting the price -24.22% below the 52-week high and 23.59% above the 52-week low.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Thursday, February 23rd. The technology company reported $0.45 EPS for the quarter, beating the Zacks' consensus estimate of $0.44 by $0.01. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.43%. The company's revenue was down 10.4% on a year-over-year basis. The business's quarterly revenue was down 10.4% compared to the same quarter a year ago. Analysts anticipate that Hewlett Packard Enterprise Co will post $1.47 earnings per share for the current year. Investors of record on Wednesday, June 14th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Monday, June 12th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 14.21%.

Hewlett Packard Enterprise Co had its "underweight" rating reiterated by analysts at Barclays. If you are reading this piece on another site, it was stolen and reposted in violation of global copyright legislation. NC increased its stake in Hewlett Packard Enterprise by 1.0% in the first quarter.

Several analysts have issued reports on the stock.

02/24/2017 - Hewlett Packard Enterprise Co had its "buy" rating reiterated by analysts at Deutsche Bank. Jefferies Group LLC reaffirmed a "buy" rating and issued a $27.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, February 24th. Oppenheimer Holdings Inc. set a $21.00 target price on Hewlett Packard Enterprise and gave the company a "buy" rating in a report on Wednesday, April 5th. A rating of 4 or 5 would represent a Sell recommendation. The stock has "Outperform" rating by BMO Capital Markets on Friday, December 11. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. At the time of writing, the First Call consensus price target for the company is $20.36. The stock was sold at an average price of $24.00, for a total transaction of $412,224.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

In other news, EVP Christopher P. Hsu sold 31,421 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $18.23, for a total transaction of $577,799.85. Following the completion of the sale, the executive vice president now directly owns 474,245 shares in the company, valued at $10,627,830.45. The disclosure for this sale can be found here. Insiders sold a total of 1,625,188 shares of company stock worth $35,864,938 over the last 90 days. The stock has a beta value of 0.47.

Hewlett Packard Enterprise Company is a provider of technology solutions.

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