Brookstone Capital Management reduced its stake in Hewlett Packard Enterprise by 11.6% in the first quarter, selling 2,204 shares. Other hedge funds also made changes to their positions, with Rise Advisors LLC increasing its holdings by 253.9%. Hewlett Packard Enterprise’s stock on the New York Stock Exchange opened at $21.12, with a 52-week low of $14.47 and high of $22.82.
During the last reported quarterly results, Hewlett Packard Enterprise beat earnings estimates, reporting $0.42 earnings per share, higher than the expected $0.39. The company’s revenue for the quarter was $7.2 billion, compared to analyst estimates of $6.82 billion. CEO Gerri Gold and SVP Jeremy Cox sold company stock recently.
Analysts have set new price targets for Hewlett Packard Enterprise, with Bank of America and Argus raising their price targets, and Stifel Nicolaus and Barclays also raising theirs. Eight analysts have rated the stock as “hold” and five as “buy,” with an average price target of $21.08.
Hewlett Packard Enterprise provides solutions for data analysis and operates in six segments: Computing, HPC and AI, Storage, Edge Intelligence, Financial Services, and Corporate Investments. Visit HoldingsChannel.com for more details on hedge fund holdings of HPE stock and receive daily news and ratings from MarketBeat.com.
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https://www.defenseworld.net/2024/07/03/brookstone-capital-management-sells-2204-shares-of-hewlett-packard-enterprise-nysehpe.html