Hewlett Packard Enterprise Co (HPE) reported quarterly earnings results on Tuesday, May-24-2016. The company reported $0.42 EPS for the quarter. Analysts had a consensus estimate of $0.42. The company posted revenue of $12711.00 million in the period, compared to analysts expectations of $12336.07 million. The company’s revenue was up 1.3% compared to the same quarter last year.
Many Wall Street Analysts have commented on Hewlett Packard Enterprise Co. 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. Company shares were Reiterated by Maxim Group on Mar 7, 2016 to “Hold”, Firm has raised the Price Target to $ 19 from a previous price target of $13.50 .
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.