In a report released today, Tim Long from Barclays maintained a Hold rating on Hewlett Packard Enterprise (HPE – Research Report), with a price target of $14.00. The company’s shares closed yesterday at $15.23.
According to TipRanks, Long is a 5-star analyst with an average return of 12.8% and a 63.03% success rate. Long covers the Technology sector, focusing on stocks such as Apple, Juniper Networks, and Motorola Solutions.
Currently, the analyst consensus on Hewlett Packard Enterprise is a Moderate Buy with an average price target of $18.22.
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Based on Hewlett Packard Enterprise’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $7 billion and a net profit of $464 million. In comparison, last year the company earned a revenue of $6.95 billion and had a net profit of $409 million
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HPE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Hewlett Packard Enterprise (HPE) Company Description:
Hewlett Packard Enterprise Co. engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides a broad portfolio of services-led and software-enabled infrastructure and solutions. The Intelligent Edge segment comprises of enterprise networking and security solutions for businesses of any size, offering secure connectivity for campus and branch environments, operating under the Aruba brand. The Financial Services segment offers investment solutions, such as leasing, financing, information technology consumption, utility programs and asset management services. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects. The company was founded in 1939 and is headquartered in San Jose, CA.
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