Raymond James Boosts Hewlett Packard Enterprise Outlook to Strong Buy
On November 18, 2024, Raymond James made headlines by upgrading their recommendation for Hewlett Packard Enterprise (XTRA:2HP) from Outperform to Strong Buy.
Analyst Forecasts Show Slight Downside Ahead
As of October 22, 2024, analysts predict an average one-year price target for Hewlett Packard Enterprise at 19.61 €/share. Projections vary, with the lowest target set at 16.52 € and the highest at 22.90 €. This average price suggests a potential decline of 2.82% from the company’s latest closing price of 20.18 € / share.
Revenue Growth Projections
Hewlett Packard Enterprise is expected to generate annual revenues of 30,469 million dollars, reflecting a growth rate of 4.99%. Additionally, the projected annual non-GAAP EPS stands at 2.17.
Institutional Investment Trends
Currently, 1,829 funds or institutions report holdings in Hewlett Packard Enterprise, an increase of 73 funds or 4.16% compared to last quarter. The average portfolio weight dedicated to 2HP is now at 0.20%, up by 0.98%. Total shares owned by institutions have risen by 4.70% over the past three months, with current holdings at 1,264,342K shares.
BlackRock is a key player, holding 120,652K shares, which equates to a 9.29% stake in the company. Meanwhile, Bank of America reported a decline in its holdings from 49,386K shares to 45,260K shares, reflecting a 9.12% decrease and an overall reduction of 79.10% in its portfolio allocation for 2HP over the last quarter.
The VTSMX – Vanguard Total Stock Market Index Fund Investor Shares increased its holdings by 0.39%, now owning 41,059K shares (3.16% ownership). In contrast, the DODGX – Dodge & Cox Stock Fund saw a 11.32% decline in its shares, currently at 37,601K shares (2.90% ownership).
VFINX – Vanguard 500 Index Fund Investor Shares also reported growth, increasing its shares from 32,762K to 33,359K, representing a 1.79% rise and a portfolio allocation increase of 15.09% over the last quarter.
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