Hewlett Packard Enterprise Rising: FYQ3 Rev, EPS Beat

Thursday, 07 Sep, 2017

The institutional investor owned 99,382 shares of the technology company's stock at the end of the second quarter.

HPE shares are up more than 2% in Wednesday's early trade.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. A negative earnings growth may indicate change in HPE, whether the company is undergoing an investment period in which expenses grow at a faster rate than revenue, or the industry is facing negative headwinds moving forward. Investors who are keeping close eye on the stock of Akamai Technologies, Inc. As of the end of the quarter Hosking Partners Llp had acquired a total of 18,769 shares growing its position 1.6%. Primecap Management Co. CA now owns 61,397,295 shares of the technology company's stock valued at $1,455,116,000 after purchasing an additional 5,394,147 shares in the last quarter.

At the time of writing, Hewlett Packard Enterprise Company (HPE) is standing at value of $14.31 with the rising stream of 2.15%. The company's stock had a trading volume of 22,355,795 shares.

The P/E ratio is now 10.64 and the market cap of the company is 23.06B. After keeping Technical check on movement of stock price comparison to its moving averages like 20, 50 and 200 SMA, we detected following trends of HPE. Hewlett Packard Enterprise Company has had 17 insider trades in the last 3 months, including 0 open market buys and 17 sells.

08/24/2017 - Hewlett-Packard Company had its "neutral" rating reiterated by analysts at JP Morgan.

For the third quarter of fiscal 2017, HPE estimates that its GAAP diluted net EPS will be in the range of ($0.02) to $0.02 and non-GAAP diluted net EPS will be in the range of $0.24 to $0.28.

The stock has slashed -7.41% to a low over the previous 12 months and showed declining move -25.31% to a high over the same period.

EPS (earnings per share) was 15 cents per share for continuing operations, down from $1.43 a share a year ago, on revenues of $8.2bn.

These firms have also modified their investment in HPE. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tue, Sep 12th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 20.16%. Hewlett Packard Enterprise Comp recently announced a dividend for shareholders that will be paid on Wednesday October 4th, 2017. If you are accessing this piece on another site, it was copied illegally and republished in violation of USA and global copyright and trademark laws. On Tuesday, November 3 the stock rating was initiated by Wells Fargo with "Outperform".

HPE has been the subject of several research reports. Credit Suisse has "Hold" rating and $21 target. The third largest holder is Blackrock Inc., which now holds $1.35 billion worth of this stock and that ownership represents almost 5.7% of its market capitalization. Barclays downgraded the price objective on stocks of Hewlett Packard Enterprise from $21.00 to $18.00 and fixed an underweight recommendation on the share in a study note published on Wed, May 10th. Robert W. Baird maintained Hewlett Packard Enterprise Co (NYSE:HPE) on Thursday, June 1 with "Hold" rating. Trading volume was up 127.97% over the stocks average daily volume. Genis Arnaud also sold $1.41M worth of Owens Corning (NYSE:OC) shares. Oak Associates Ltd. OH now owns 309,726 shares of the technology company's stock valued at $5,138,000 after buying an additional 13,000 shares during the last quarter. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Whitman now owns $12,826,579 of the stock per the Form 4 SEC filing.

Server sales however declined declined 1 percent, but thankfully revenue from HPE's networking business rose 16 percent to compensate for this. They now have a $17.50 price target on the technology company's stock, down from their prior price target of $22.00. The disclosure for this sale can be found here. Jefferies Group LLC's target price indicates a potential upside of 24.64% from the stock's current price.