HCLTech has entered into a strategic partnership with Hewlett Packard Enterprise (HPE) in order to enhance its presence in the telecom services market. This collaboration involves the acquisition of certain assets of HPE’s Communications Technology Group (CTG) by HCLTech. As a result of this agreement, HCLTech will gain access to valuable intellectual property, top-notch research … Read more
Hewlett Packard Enterprise (HPE) shares on the New York Stock Exchange have received a consensus rating of “Hold” from ten brokerages covering the stock. Seven analysts rated the stock as hold, while three issued a buy rating. The average 12-month price target for HPE among brokers who covered the stock in the last year is … Read more
Principal Securities Inc. recently acquired 3,384 shares of Hewlett Packard Enterprise in the fourth quarter, as reported in their Form 13F filing with the SEC. The value of this investment was approximately $57,000. Other hedge funds and institutional investors also made changes to their positions in the technology company. For example, Morgan Stanley, Northern Trust … Read more
Hewlett Packard Enterprise (HPE) shares experienced a slight increase before the market opened on Thursday, opening at $18.85 compared to the previous close of $18.15. The stock traded at $18.35 with a volume of 3,091,741 shares. Several research analyst reports have been issued regarding HPE. Stifel Nicolaus lowered their price target from $20.00 to $18.00 … Read more
HCLTech has acquired the Communications Technology Group, a commercial division of Hewlett Packard Company (HPE), for 225 million dollars in a move to strengthen its presence in the telecommunications vertical. This acquisition will bring in talent in intellectual property, engineering, and research and development, as well as relationships with leading communication service providers (CSPs). Around … Read more
In a recent development, HCL Technologies has acquired Communications Technology Group (CTG), a division of Hewlett Packard Enterprise (HPE), for 225 million dollars. This strategic move aims to enhance HCLTech’s presence in the telecommunications sector by acquiring talent in intellectual property, engineering, research and development, and relationships with prominent communication service providers (CSPs). As part … Read more
HCL Technologies (HCLTech) has announced its intention to acquire specific intellectual property (IP) and research and development (R&D) assets from Hewlett Packard Enterprise (HPE). This strategic move is aimed at bolstering HCLTech’s capabilities in the telecom engineering services sector, with a focus on business support systems (BSS), network applications, cloud services, and data intelligence. By … Read more
HCLTech, India’s third-largest IT services provider, has announced the acquisition of select assets of Communications Technology Group, a commercial division of Hewlett Packard Company, for $225 million (around Rs 1,870 crore) in cash. This deal will also involve the absorption of approximately 1,500 employees and 700 contractors with expertise in engineering services for the telecom … Read more
HCLTech Ltd, an IT services company, announced its acquisition of the assets of Communications Technology Group (CTG) from Hewlett Packard Enterprise (HPE) for $225 million in an all-cash deal. Approximately 1,500 CTG employees specializing in the telecommunications industry will join HCLTech in countries such as Spain, Italy, India, Japan, and China to serve clients globally. … Read more
Simplicity Wealth LLC recently acquired a new stake in Hewlett Packard Enterprise during the first quarter, purchasing 44,252 shares valued at approximately $785,000. Other notable investors who have increased their holdings in the company include Whittier Trust Co. of Nevada Inc., Verdence Capital Advisors LLC, Montgomery Investment Management Inc., IMPACTfolio LLC, and Avantax Planning Partners … Read more