The Hewlett Packard Enterprise Company (NYSE:HPE) Lowered to Sell at BidaskClub

Cesar Mills
August 12, 2017

Hewlett Packard Enterprise Co (HEWL) formed multiple top with $18.65 target or 8.00% above today's $17.27 share price. Wells Fargo initiated the stock with "Outperform" rating in Tuesday, November 3 report. The stock has a consensus rating of "Hold" and an average price target of $21.87. Hewlett Packard Enterprise Comp also recently announced a dividend for shareholders which will be paid on Wednesday the 4th of October 2017.

A number of research firms have issued reports on HPE. Hedge funds and other institutional investors own 80.31% of the company's stock. Sell-side analyst recommendations point to a short term price target of $17.17 on the company shares.

Institutional investors now hold around $25.33 billion or 82.1% in HPE stock. Finally, Jefferies Group LLC reissued a "buy" rating and issued a $22.00 price objective on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. The market capitalization of the company is at $29.25 Billion. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company's stock worth $117,000 after buying an additional 675 shares during the last quarter. The firm has "Hold" rating by BMO Capital Markets given on Thursday, March 30. GABELLI & Co INVESTMENT ADVISERS INC. now owns 147,315 shares of the technology company's stock worth $2,444,000 after buying an additional 35,165 shares during the last quarter.

The stock last traded at $17.30 a bit lower than $17.20, the 50 day moving average and barely below the 200 day moving average of $17.61.

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About 3.43 million shares traded.

COPYRIGHT VIOLATION WARNING: This news story was posted by Sports Perspectives and is the property of of Sports Perspectives. The technology company reported $0.35 EPS for the quarter, hitting analysts' consensus estimates of $0.35. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This dividend represents a yeild of $1.47 which is the dividend as a percentage of the current share price.

21 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 7880.27 million while high and low sale targets are estimated at 8153 million and 7254 million respectively. Hewlett Packard Enterprise's dividend payout ratio (DPR) is now 20.16%. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and worldwide copyright law. The correct version of this news story can be viewed at The firm has "Neutral" rating given on Tuesday, November 3 by Mizuho. It has been assigned a low target price of $15 and a high target price of $19. Also, SVP Kirt P. Karros sold 20,344 shares of the company's stock in a transaction on Monday, May 15th. The stock was sold at an average price of $17.40, for a total transaction of $4,372,063.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The shares were sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the transaction, the chief executive officer now directly owns 865,021 shares of the company's stock, valued at $14,454,500.91. The disclosure for this sale can be found here. Narrowing in, the stock is at a distance of -10.00% from the 50 day high and 1.47% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of ICICI Bank Limited (NYSE:IBN).

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $177,705 activity. The Company's segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Company's plasma assisted biomass to energy plants utilizes technologies that produces green energy, including fuel and electricity. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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