EPS for Hewlett Packard Enterprise Co (HPE) Expected At $0.26

Hewlett Packard Enterprise’s Spin Off with Micro Focus Penalties

If the published price targets set by Hewlett Packard Enterprise Company analysts have any power to influence the stock's share price, the highest price target set for HPE is $22. It has a 10.93 P/E ratio. HPE's profit would be $422.25 million giving it 17.29 P/E if the $0.26 EPS is correct.

A number of other hedge funds have also modified their holdings of HPE. The firm has "Outperform" rating given on Friday, December 11 by BMO Capital Markets. It has underperformed by 16.70% the S&P500.

Hewlett Packard Enterprise Company is a provider of technology solutions. The corporation has a market cap of US$29.33 Billion. The firm has "Neutral" rating given on Monday, November 9 by Citigroup. The Company?s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. Gabelli initiated the stock with "Buy" rating in Monday, December 5 report. The company has market cap of $245.07 million. The company has a 50 day moving average price of $17.58 sand a 200-day moving average price of $17.65.

The new Micro Focus officially launched Friday, completing a year-long process of integrating Hewlett Packard Enterprise's software business with the old Micro Focus to create the world's seventh largest pure-play software company with annual sales of $4.4 billion and some 2,500 channel partners worldwide.

The merger follows another hybrid IT partnership from HPE: Earlier this week, HPE and the VMware Cloud Foundation announced an "industry first" composable infrastructure for VMware private clouds, to make it easier for businesses to pursue hybrid IT initiatives, deploy private cloud IaaS, and lower VM costs, as TechRepublic's Conner Forrest reported.

Analysts are speculating a 21.82% move, based on the high target price ($22) for the shares that is set to reach in the next 12 months. For the quarter, shares have been noted at -7.24%.

Hewlett Packard Enterprise Company (HPE) opened at 18.06 on Friday. Next quarter's EPS is forecasted at $0.41 with next year's EPS projected to be $1.33. The rating was maintained by Maxim Group on Thursday, June 1 with "Hold". The stock of Hewlett Packard Enterprise Co (NYSE:HPE) earned "Hold" rating by Maxim Group on Monday, November 23. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock.

TRADEMARK VIOLATION NOTICE: "Barclays PLC Boosts Hewlett Packard Enterprise Company (HPE) Price Target to $18.00" was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company's stock worth $152,000 after buying an additional 43 shares during the last quarter. South Dakota Investment Council has 11,100 shares. "She made a decision to split the company apart", said Angelo Zino, an analyst at CFRA Research. This new company serves all U.S. Federal, State, Local and Education agencies and organizations, government systems integrators and partners who support the public sector. Brandywine Global Invest Mgmt Ltd invested in 67,500 shares. Cibc Asset Inc holds 0.19% or 849,372 shares in its portfolio. Tfs Capital Llc owns 15,207 shares for 0.09% of their portfolio. Hotchkis & Wiley Capital Management LLC now owns 50,742,312 shares of the technology company's stock worth $1,202,593,000 after buying an additional 13,343,212 shares in the last quarter. Axa accumulated 209,500 shares.

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