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

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.

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