Hewlett Packard Enterprise Co (HPE) was Upgraded by Citigroup to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Jul 25, 2016.
Many Wall Street Analysts have commented on Hewlett Packard Enterprise Co. Hewlett Packard Enterprise Co was Upgraded by Citigroup to ” Buy” on Jul 25, 2016. Company shares were Reiterated by Deutsche Bank on Jun 9, 2016 to “Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $19 .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 .
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 Jul 19, 2016, Robert Youngjohns (EVP and GM, HP Software) sold 8,622 shares at $19.69 per share price. According to the SEC, on Jun 22, 2016, Jeff T Ricci (SVP, Controller & PAO) sold 5,830 shares at $19.23 per share price. On May 31, 2016, Kirt P Karros (SVP, Finance & Treasurer) sold 15,280 shares at $17.42 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.