Hewlett Packard Enterprise Co (HPE) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 26 from a previous price target of $24 . Needham advised their investors in a research report released on Oct 19, 2016.
Many Wall Street Analysts have commented on Hewlett Packard Enterprise Co. CLSA Initiated Hewlett Packard Enterprise Co on Oct 14, 2016 to “Underperform”, Price Target of the shares are set at $24.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 Downgraded by Wells Fargo to ” Market Perform” on Sep 8, 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 Oct 11, 2016, Antonio F Neri (EVP and GM EG) sold 11,781 shares at $22.68 per share price. According to the SEC, on Sep 28, 2016, John F Schultz (EVP, GC & SEC) sold 316,164 shares at $22.84 per share price. On Sep 22, 2016, Ann M Livermore (director) sold 44,000 shares at $22.65 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.