Published On: Wed, Sep 14th, 2016

Recent Analysts’ Ratings Changes for Hewlett Packard Enterprise (HPE)

Several brokerages have updated their recommendations and price targets on shares of Hewlett Packard Enterprise (NYSE: HPE) in the last few weeks:

9/9/2016 – Hewlett Packard Enterprise had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $26.00 price target on the stock, up previously from $24.00.
9/8/2016 – Hewlett Packard Enterprise had its price target raised by analysts at Mizuho from $16.00 to $20.00. They now have a “neutral” rating on the stock.
9/8/2016 – Hewlett Packard Enterprise was downgraded by analysts at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating.
9/8/2016 – Hewlett Packard Enterprise had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $24.00 price target on the stock, up previously from $22.00.
9/8/2016 – Hewlett Packard Enterprise had its price target raised by analysts at Barclays PLC from $16.00 to $17.00. They now have an “underweight” rating on the stock.
9/8/2016 – Hewlett Packard Enterprise had its price target raised by analysts at Jefferies Group from $24.25 to $27.00. They now have a “buy” rating on the stock. They wrote, “messy” third-quarter results.The company’s third-quarter results included light revenue and a low-quality EPS beat. The company guided fourth-quarter EPS of $0.605, roughly in line with the consensus of $0.61.Related Link: Hewlett-Packard Enterprise’s Spinoff Leaves Remaining Company On “Wrong Side Of The Cloud”In addition, HP Enterprise announced it intends to spin out most of the software business to a new entity combined with U.K.-based Micro Focus.HP Enterprise trades at 2.5x on an EV/CY17E EBITDA basis when omitting the impact of the services and software spins (and ex-FS debt), below the group average of 6x. Jefferies’ $27.00 target is based on 6x EV/CY17E EBITDA (ex-services and software).”We continue to believe HPE shares offer a compelling valuation and will continue to rise as investors become more comfortable with HPE’s revenue and free cash flow outlook,”
9/8/2016 – Hewlett Packard Enterprise had its price target raised by analysts at Deutsche Bank AG from $22.00 to $24.00. They now have a “buy” rating on the stock.
9/8/2016 – Hewlett Packard Enterprise had its “outperform” rating reaffirmed by analysts at FBN Securities.
9/8/2016 – Hewlett Packard Enterprise had its “hold” rating reaffirmed by analysts at Brean Capital.
9/8/2016 – Hewlett Packard Enterprise was given a new $25.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
9/3/2016 – Hewlett Packard Enterprise had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $25.00 price target on the stock.
8/19/2016 – Hewlett Packard Enterprise was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Hewlett Packard Enterprise Company was spun-off from the Hewlett-Packard Company in November 2015. The company operates in four segments: Enterprise Services, Enterprise Group, Software and Financial Services. The Enterprise Group is the company’s largest revenue contributor, accounting for more than half of total revenues. This segment offers servers, management software, converged infrastructure solutions and technology services; hybrid cloud solutions, business critical systems and storage products. The Software segment offers software to capture, store, explore, analyze, protect and share information and insights within and outside organizations; enterprise security, application delivery management, IT operations management software products. The Enterprise Services segment offers consulting, outsourcing and support services across infrastructure, applications and business process domains; application and business services. The company is headquartered in Palo Alto, California. “
8/18/2016 – Hewlett Packard Enterprise was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $25.52 price target on the stock.
8/17/2016 – Hewlett Packard Enterprise is now covered by analysts at Raymond James Financial Inc.. They set a “market perform” rating and a $22.07 price target on the stock.
8/17/2016 – Hewlett Packard Enterprise was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $24.02 price target on the stock.
8/15/2016 – Hewlett Packard Enterprise had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $24.25 price target on the stock.
8/2/2016 – Hewlett Packard Enterprise had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $22.00 price target on the stock.
8/1/2016 – Hewlett Packard Enterprise had its price target raised by analysts at Credit Suisse Group AG from $21.00 to $25.00. They now have an “outperform” rating on the stock.
7/26/2016 – Hewlett Packard Enterprise was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Hewlett Packard Enterprise Company was spun-off from the Hewlett-Packard Company in November 2015. The company operates in four segments: Enterprise Services, Enterprise Group, Software and Financial Services. The Enterprise Group is the company’s largest revenue contributor, accounting for more than half of total revenues. This segment offers servers, management software, converged infrastructure solutions and technology services; hybrid cloud solutions, business critical systems and storage products. The Software segment offers software to capture, store, explore, analyze, protect and share information and insights within and outside organizations; enterprise security, application delivery management, IT operations management software products. The Enterprise Services segment offers consulting, outsourcing and support services across infrastructure, applications and business process domains; application and business services. The company is headquartered in Palo Alto, California. “
7/25/2016 – Hewlett Packard Enterprise was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $25.00 price target on the stock, up previously from $20.00. They noted that the move was a valuation call. They noted that the move was a valuation call.

Hewlett Packard Enterprise Co. (NYSE:HPE) opened at 21.16 on Wednesday. Hewlett Packard Enterprise Co. has a 12-month low of $11.62 and a 12-month high of $22.32. The stock’s 50 day moving average is $21.55 and its 200 day moving average is $18.55. The company has a market cap of $35.24 billion and a P/E ratio of 8.83.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.04. The company earned $12.20 billion during the quarter, compared to analysts’ expectations of $12.64 billion. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities analysts forecast that Hewlett Packard Enterprise Co. will post $1.87 earnings per share for the current year.

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In related news, EVP Robert Youngjohns sold 8,622 shares of the stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $19.69, for a total transaction of $169,767.18. Following the completion of the transaction, the executive vice president now owns 18,033 shares in the company, valued at $355,069.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeff T. Ricci sold 5,830 shares of the stock in a transaction on Monday, June 20th. The stock was sold at an average price of $19.23, for a total transaction of $112,110.90. Following the transaction, the senior vice president now owns 5,830 shares of the company’s stock, valued at approximately $112,110.90. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.

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