Hewlett Packard Enterprise (HPE) Gets a Hold from Evercore ISI

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In a report released today, Amit Daryanani from Evercore ISI maintained a Hold rating on Hewlett Packard Enterprise (HPE – Research Report), with a price target of $22.00. The company’s shares closed yesterday at $18.20.

Daryanani covers the Technology sector, focusing on stocks such as Apple, Dell Technologies, and Amphenol. According to TipRanks, Daryanani has an average return of 11.2% and a 56.85% success rate on recommended stocks.

In addition to Evercore ISI, Hewlett Packard Enterprise also received a Hold from Loop Capital Markets’s Ananda Baruah in a report issued on September 9. However, yesterday, Bank of America Securities upgraded Hewlett Packard Enterprise (NYSE: HPE) to a Buy.

HPE market cap is currently $23.64B and has a P/E ratio of 12.28.

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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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