Hewlett Packard Enterprise Co (HPE) is Downgraded by Wells Fargo to Market Perform

Hewlett Packard Enterprise Co (HPE) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Sep 8, 2016.

Many Wall Street Analysts have commented on Hewlett Packard Enterprise Co. Company shares were Reiterated by Mizuho on Sep 8, 2016 to “Neutral”, Firm has raised the Price Target to $ 20 from a previous price target of $16 .Hewlett Packard Enterprise Co was Initiated by Raymond James to “Mkt Perform” on Aug 17, 2016. Hewlett Packard Enterprise Co was Upgraded by Citigroup to ” Buy” on Jul 25, 2016.

On the company’s financial health, Hewlett Packard Enterprise Co reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Sep 7, 2016. Analyst had a consensus of $0.45. The company had revenue of $12210.00 million for the quarter, compared to analysts expectations of $12610.78 million. The company’s revenue was down -3.9 % compared to the same quarter last year.

In a different news, on Aug 2, 2016, Jeff T Ricci (SVP, Controller & PAO) sold 28,776 shares at $21.40 per share price. According to the SEC, on Jul 19, 2016, Robert Youngjohns (EVP and GM, HP Software) sold 8,622 shares at $19.69 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.

Hewlett Packard Enterprise Co

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