Citigroup Cuts Rating On Hewlett Packard Enterprise Comp (HPE) To "Neutral"

Dion Weisler

Hewlett Packard Enterprise Co (NYSE:HPE) has risen 56.74% since October 14, 2016 and is uptrending. The average analysts gave this company a mean recommendation of 2.10. With short interest at 50,201,888 and short average daily volume at 18,124,892, the short-interest ratio is 3.0 and the percentage of shorted shares was 0.03% on September 29.

Several research firms recently commented on HPE.

Citigroup has downgraded Hewlett Packard Enterprise (NYSE:HPE) from Buy to Neutral in a statement released on 10/13/2017. Hewlett Packard had 52 analyst reports since March 21, 2016 according to SRatingsIntel. Maxim Group maintained it with "Hold" rating and $25.0 target in Monday, December 5 report. Stifel Nicolaus maintained the stock with "Hold" rating in Monday, May 29 report.

Among 11 analysts covering Ruckus Wireless (NYSE:RKUS), 1 have Buy rating, 0 Sell and 10 Hold. $19.60's average target is 31.63% above currents $14.89 stock price. The shares were sold at an average price of $14.87, for a total transaction of $7,351,133.20. The share last price represents downtick move of -2.12% in value from company's 52-Week high price and shows 20.70% above change in value from its 52-Week low price. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

In related news, CEO Margaret C. Whitman sold 249,052 shares of the firm's stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $17.82, for a total value of $6,943,883.76. Share performance for the month is now at 10.54%. The disclosure for this sale can be found here. Insiders have sold 4,060,518 shares of company stock worth $63,031,467 over the last quarter. The stock rose 1.32% or $0.33 reaching $25.78 per share.

Want to see what other hedge funds are holding HPE? Finally, Tredje AP fonden lifted its holdings in shares of Hewlett Packard Enterprise by 29.4% during the 1st quarter. Following the sale, the executive vice president now owns 494,360 shares in the company, valued at $7,351,133.20. State of Alaska Department of Revenue acquired a new position in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $125,000. Insiders own 0.87% of the company's stock. Dodge & Cox increased its holdings in Hewlett Packard Enterprise by 12.2% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Hewlett Packard Enterprise by 32.7% during the second quarter. Finally, Primecap Management Co. Reilly Financial Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 5.3% in the first quarter. Sanford C. Bernstein reissued an "outperform" rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Monday, September 18th. The firm has a 50-day moving average of $14.16 and a 200 day moving average of $13.85. The company has market cap of $1.18 billion.

Analysts await Hewlett Packard Enterprise Co (NYSE:HPE) to report earnings on November, 28. The technology company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. They expect $0.83 EPS, down 33.06% or $0.41 from last year's $1.24 per share. IFM Investors Pty Ltd lifted its holdings in shares of Hewlett Packard Enterprise by 54.2% during the 1st quarter.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Paloma Prns Mgmt owns 50,052 shares or 0.02% of their U.S. portfolio. Hewlett Packard Enterprise's payout ratio is now 14.21%.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of global trademark and copyright law. The Company's divisions include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology.

Related News:

Most liked

United States miss out on World Cup after Trinidad loss
I feel like I've let my country down, my teammates down and I will not pretend that we did things the way it was [supposed] to be. Soccer Federation President Sunil Gulati, who could now face an uphill battle if he decides to run for re-election in February.

El Nino has contributed to higher Carbon Dioxide levels
The OCO-2 satellite, launched in 2014, is created to provide a detailed picture of how carbon is exchanged between air, land and sea.

Wenger on injuries, Sanchez, Chambers, Overmars, Merson
Guardiola managed Sanchez at Barcelona and failed with his attempt to lure the Chilean to City this summer. "I have concerns. It's expected Sanchez will leave Arsenal at the end of the season, which will lead to a scramble to sign the forward.

Donald Trump Says NFL Should Have Suspended Colin Kaepernick for Not Standing
I don't want a misguided political attitude from athletes in the National Football League , or in any other sport. However, there is nothing in the NFL guidelines that prohibits protesting during the national anthem.

US Navy says deadly McCain collision was preventable, relieves ship commander
The military vessel is named US Navy admirals John McCain Sr and John McCain Jr, the father of Republican US senator John McCain . In the aftermath of the collision, Vice Adm Joseph P Aucoin was dismissed as commander of the Seventh Fleet.

Doctor responds to argument in viral video
Stipe received her refund, she refused to leave the office, and continued her abusive behavior towards staff". Then, Stipe's daughter, recording the exchange, can be heard saying "Okay, you can get out of her face".

Overwatch Halloween Terror 2017 Skins Leak; Event Launches Today
Things are getting real spooky in Overwatch , as today dawns the beginning of the second annual Overwatch Halloween Terror event . In this mode, you can play as Ana, Genji, Hanzo, McCree, Soldier: 76, Torbjorn, Widowmaker, or Zenyatta in a team of four.

Facebook, Instagram outages reported worldwide
The independent website DownDetector .com reports that Facebook issues originally popped up a little after 8 a.m. One person revived the oft-made joke that social media going down would force people to go outside.

Chelsea management read riot act to Charly Musonda
According to The Mirror , Chelsea have responded to the youngster who joined the club from Anderlecht all the way back in 2012. Musonda impressed on his full debut against Nottingham Forest last month, scoring a goal in the 5-1 Carabao Cup win.

Las Vegas Gunman Shot Security Guard Before Main Attack
Police first knew about Campos when they arrived on the 32 floor at 10:17 p.m. and met him in the corridor. The sound echoed in his window, he said. "I sleep during the day", he said.

White House releases immigration wish list
The White House did not say how much money it needed for a border wall or how many miles it would like such a barrier to cover. It also called for limiting family-based green cards to spouses and the minor children of USA citizens and lawful residents.

Police complaint filed against Salman Khan for threatening Zubair Khan
Zubair said that he will drag Salman to court for insulting him on national television and causing mental torture. Shreyas Talpade tells Puneesh that he needs to fight his own fights and that he shouldn't follow others around.

Demetrious Johnson Says Larger Paychecks Will Motivate Him to Move up
Opponent Kevin Lee keeps his mind sharp with a fight night simulation with his coach. Dunham isn't the only one spending fight week thinking about the tragedy.

Amazon Steps Into Delivery with Seller Flex, Acquires 3-D Model Business
Word of Amazon making a move into home delivery of third-party goods sent UPS shares down 1.3 percent in early Thursday trading. Sellers who are approved must purchase shipping for all Prime items through Amazon's Buy Shipping Services.

Calls For Gun Control Measures In Wake Of Vegas Massacre Go Unanswered
The SHARE Act, introduced by Duncan, would relax some restrictions on the purchase of suppressors , making them easier to buy. California, Florida, and IL and the District of Columbia generally prohibit people from openly carrying firearms in public.