The Hewlett Packard Enterprise Co. (HPE) Given “Outperform” Rating at Raymond James Financial Inc.

The Hewlett Packard Enterprise Co. (HPE) Given “Outperform” Rating at Raymond James Financial Inc.

Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “outperform” rating restated by stock analysts at Raymond James Financial Inc. in a note issued to investors on Thursday.

Other research analysts have also issued reports about the company. Vetr lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating and set a $25.21 target price on the stock. in a report on Wednesday, September 21st. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, October 5th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, October 12th. Barclays PLC reaffirmed an “underweight” rating and set a $17.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, October 12th. Finally, initiated coverage on Hewlett Packard Enterprise in a report on Thursday, October 13th. They set an “underperform” rating and a $24.00 target price on the stock. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $23.53.

Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 0.39% on Thursday, hitting $22.77. 5,798,493 shares of the stock traded hands. Hewlett Packard Enterprise has a one year low of $11.82 and a one year high of $24.79. The company’s 50 day moving average is $23.56 and its 200 day moving average is $22.20. The stock has a market cap of $37.91 billion, a price-to-earnings ratio of 12.51 and a beta of 3.14.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 EPS for the quarter, meeting analysts’ consensus estimates of $0.61. The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.85 billion. Hewlett Packard Enterprise had a return on equity of 10.43% and a net margin of 6.31%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. On average, equities analysts forecast that Hewlett Packard Enterprise will post $2.04 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th were issued a $0.065 dividend. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Monday, December 12th. Hewlett Packard Enterprise’s payout ratio is 14.21%.

In other Hewlett Packard Enterprise news, EVP Antonio F. Neri sold 107,934 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $23.00, for a total value of $2,482,482.00. Following the transaction, the executive vice president now directly owns 146,275 shares of the company’s stock, valued at approximately $3,364,325. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jeff T. Ricci sold 4,999 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $23.46, for a total value of $117,276.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 660,581 shares of company stock valued at $15,271,867. Corporate insiders own 0.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of HPE. Ledyard National Bank increased its position in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock valued at $100,000 after buying an additional 36 shares in the last quarter. Wedgewood Investors Inc. PA increased its position in shares of Hewlett Packard Enterprise by 0.5% in the third quarter. Wedgewood Investors Inc. PA now owns 10,864 shares of the company’s stock valued at $247,000 after buying an additional 54 shares in the last quarter. Cypress Wealth Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 0.4% in the second quarter. Cypress Wealth Advisors LLC now owns 16,922 shares of the company’s stock valued at $309,000 after buying an additional 70 shares in the last quarter. Advisor Partners LLC increased its position in shares of Hewlett Packard Enterprise by 0.6% in the second quarter. Advisor Partners LLC now owns 29,252 shares of the company’s stock valued at $534,000 after buying an additional 181 shares in the last quarter. Finally, Tiemann Investment Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 1.5% in the second quarter. Tiemann Investment Advisors LLC now owns 13,415 shares of the company’s stock valued at $245,000 after buying an additional 200 shares in the last quarter. 78.23% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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