The stock of Hewlett Packard Enterprise Co (NYSE:HPE) is a huge mover today! About 3.50 million shares traded hands. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 34.45% since April 26, 2016 and is uptrending. It has outperformed by 29.19% the S&P500.
The move comes after 7 months positive chart setup for the $39.78B company. It was reported on Nov, 29 by Barchart.com. We have $25.66 PT which if reached, will make NYSE:HPE worth $3.18B more.
Hewlett Packard Enterprise Co (NYSE:HPE) Ratings Coverage
Out of 23 analysts covering Hewlett Packard Enterprise (NYSE:HPE), 9 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 39% are positive. Hewlett Packard Enterprise has been the topic of 27 analyst reports since November 3, 2015 according to StockzIntelligence Inc. FBN Securities initiated Hewlett Packard Enterprise Co (NYSE:HPE) on Wednesday, November 25 with “Outperform” rating. The rating was initiated by Sterne Agee CRT on Thursday, November 5 with “Neutral”. The company was initiated on Monday, November 9 by BMO Capital Markets. Bernstein initiated the shares of HPE in a report on Tuesday, November 3 with “Market Perform” rating. The firm has “Mkt Perform” rating given on Wednesday, November 18 by Raymond James. As per Friday, October 14, the company rating was initiated by CLSA. Brean Capital initiated the shares of HPE in a report on Friday, November 6 with “Hold” rating. The rating was upgraded by Credit Suisse on Monday, December 14 to “Outperform”. The rating was initiated by Susquehanna with “Negative” on Tuesday, December 8. The stock of Hewlett Packard Enterprise Co (NYSE:HPE) earned “Buy” rating by Deutsche Bank on Friday, November 6.
According to Zacks Investment Research, “Hewlett Packard Enterprise Company was spun-off from the Hewlett-Packard Company in November 2015. The company operates in four segments: Enterprise Services, Enterprise Group, Software and Financial Services. The Enterprise Group is the company’s largest revenue contributor, accounting for more than half of total revenues. This segment offers servers, management software, converged infrastructure solutions and technology services; hybrid cloud solutions, business critical systems and storage products. The Software segment offers software to capture, store, explore, analyze, protect and share information and insights within and outside organizations; enterprise security, application delivery management, IT operations management software products. The Enterprise Services segment offers consulting, outsourcing and support services across infrastructure, applications and business process domains; application and business services. The company is headquartered in Palo Alto, California.”
More important recent Hewlett Packard Enterprise Co (NYSE:HPE) news were published by: Wsj.com which released: “Hewlett Packard Enterprise Profit Sinks” on November 22, 2016, also Fool.com published article titled: “3 Reasons Hewlett-Packard Enterprise Co. Stock Is Still Cheap”, Investorplace.com published: “Hewlett Packard Enterprise Co (HPE) Stock Is a Long-Term Survivor” on November 10, 2016. More interesting news about Hewlett Packard Enterprise Co (NYSE:HPE) was released by: Zacks.com and their article: “Hewlett Packard Enterprise (HPE) Q4 Earnings: What’s Up?” with publication date: November 18, 2016.
HPE Company Profile
Hewlett Packard Enterprise Company, incorporated on February 25, 2015, is a well-known provider of technology solutions. The Firm operates through five divisions: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology (IT). The Software segment allows its clients to automate IT activities to simplify, accelerate and secure business processes and drives the analytics that turn raw data into actionable knowledge. The Enterprise Services segment brings all of its solutions together through its consulting and support professionals. The Financial Services segment enables flexible IT consumption models, financial architectures and customized investment solutions for its customers. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects, among others. The Company’s clients range from small and medium-sized businesses (SMBs) to large global enterprises.
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