Hewlett Packard Enterprise Co (HPE) is Reiterated by Jefferies to Buy, Raises Price Target to $ 24

Hewlett Packard Enterprise Co (HPE) was Reiterated by Jefferies to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 24 from a previous price target of $19.50 . Jefferies advised their investors in a research report released on May 25, 2016.

Many Wall Street Analysts have commented on Hewlett Packard Enterprise Co. Company shares were Reiterated by Mizuho on May 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 16 from a previous price target of $13 .Company shares were Reiterated by RBC Capital Mkts on Mar 24, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 18 from a previous price target of $15 .Hewlett Packard Enterprise Co was Upgraded by Macquarie to ” Outperform” on Mar 21, 2016.

On the company’s financial health, Hewlett Packard Enterprise Co reported $0.42 EPS for the quarter, based on the information available during the earnings call on May 24, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $12711.00 million for the quarter, compared to analysts expectations of $12336.07 million. The company’s revenue was up 1.3% compared to the same quarter last year.

In a different news, on Mar 9, 2016, Jeff T Ricci (SVP, Controller & PAO) sold 3,744 shares at $15.07 per share price. According to the SEC, on Dec 3, 2015, Antonio F Neri (EVP and GM EG) sold 20,919 shares at $14.90 per share price. On Dec 2, 2015, Michael J Angelakis (director) purchased 34,000 shares at $14.76 per share price, according to the Form-4 filing with the securities and exchange commission.

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. Hewlett Packard Enterprise offers its services to various enterprises and governments.

Hewlett Packard Enterprise Co

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