Hewlett Packard Enterprise Co. (NYSE:HPE) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The brokerage presently has a $26.49 price objective on the stock. Vetr‘s target price suggests a potential upside of 8.08% from the stock’s current price.
Several other research analysts have also weighed in on HPE. Jefferies Group reaffirmed a “buy” rating and set a $24.25 target price on shares of Hewlett Packard Enterprise in a research note on Monday, August 15th. Raymond James Financial Inc. initiated coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 17th. They set a “market perform” rating and a $22.07 target price for the company. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $25.00 target price on shares of Hewlett Packard Enterprise in a research note on Saturday, September 3rd. Finally, Mizuho increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus price target of $23.53.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 0.53% on Monday, hitting $24.51. 13,314,094 shares of the stock were exchanged. The company’s 50 day moving average is $23.07 and its 200-day moving average is $21.25. Hewlett Packard Enterprise has a 52-week low of $11.62 and a 52-week high of $24.79. The stock has a market cap of $40.83 billion and a PE ratio of 13.47.
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Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The firm earned $12.50 billion during the quarter, compared to analyst estimates of $12.85 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was down 7.2% on a year-over-year basis. Analysts predict that Hewlett Packard Enterprise will post $2.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.06%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 12.02%.
In related news, SVP Jeff T. Ricci sold 43,137 shares of Hewlett Packard Enterprise stock in a transaction on Monday, November 7th. The shares were sold at an average price of $22.44, for a total value of $967,994.28. Following the transaction, the senior vice president now directly owns 52,221 shares in the company, valued at approximately $1,171,839.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael G. Nefkens sold 107,500 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $22.00, for a total transaction of $2,365,000.00. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. First Republic Investment Management Inc. raised its position in Hewlett Packard Enterprise by 10.8% in the first quarter. First Republic Investment Management Inc. now owns 89,664 shares of the company’s stock worth $1,589,000 after buying an additional 8,705 shares during the period. Summit Financial Wealth Advisors LLC purchased a new position in Hewlett Packard Enterprise during the second quarter worth $240,000. Fulton Bank N.A. purchased a new position in Hewlett Packard Enterprise during the second quarter worth $217,000. Park National Corp OH raised its position in Hewlett Packard Enterprise by 1.4% in the second quarter. Park National Corp OH now owns 27,848 shares of the company’s stock worth $508,000 after buying an additional 373 shares during the period. Finally, British Columbia Investment Management Corp raised its position in Hewlett Packard Enterprise by 35.8% in the second quarter. British Columbia Investment Management Corp now owns 1,057,253 shares of the company’s stock worth $19,316,000 after buying an additional 278,701 shares during the period. Hedge funds and other institutional investors own 78.35% of the company’s stock.
About Hewlett Packard Enterprise
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).