Hewlett Packard Enterprise Co. (HPE) Upgraded to “Strong-Buy” at Vetr Inc.
Vetr upgraded shares of Hewlett Packard Enterprise Co. (NYSE:HPE) from a buy rating to a strong-buy rating in a research report sent to investors on Monday morning. The brokerage currently has $25.36 target price on the stock.
Several other brokerages have also weighed in on HPE. Sanford C. Bernstein reissued an outperform rating and issued a $24.50 price objective on shares of Hewlett Packard Enterprise in a report on Tuesday, September 20th. Zacks Investment Research raised Hewlett Packard Enterprise from a hold rating to a buy rating and set a $25.00 price objective for the company in a report on Wednesday, October 5th. Credit Suisse Group AG reissued an outperform rating and issued a $25.00 price objective on shares of Hewlett Packard Enterprise in a report on Saturday, September 3rd. Barclays PLC lifted their price objective on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock an underweight rating in a report on Thursday, September 8th. Finally, Wells Fargo & Co. lowered Hewlett Packard Enterprise from an outperform rating to a market perform rating in a report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Hewlett Packard Enterprise presently has an average rating of Hold and a consensus price target of $21.33.
Hewlett Packard Enterprise (NYSE:HPE) traded down 1.222% on Monday, hitting $22.225. 674,249 shares of the stock were exchanged. The firm has a market cap of $37.02 billion and a PE ratio of 9.272. The company has a 50-day moving average price of $22.21 and a 200-day moving average price of $19.47. Hewlett Packard Enterprise has a 52-week low of $11.63 and a 52-week high of $23.53.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The company earned $12.20 billion during the quarter, compared to analyst estimates of $12.64 billion. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Hewlett Packard Enterprise will post $1.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 12th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, October 7th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 9.17%.
In other news, EVP Michael G. Nefkens sold 107,500 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $22.00, for a total value of $2,365,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert Youngjohns sold 8,622 shares of the firm’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $19.69, for a total value of $169,767.18. Following the completion of the transaction, the executive vice president now directly owns 18,033 shares in the company, valued at approximately $355,069.77. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Dodge & Cox boosted its stake in Hewlett Packard Enterprise by 3.0% in the first quarter. Dodge & Cox now owns 224,069,718 shares of the company’s stock valued at $3,972,756,000 after buying an additional 6,540,190 shares in the last quarter. Primecap Management Co. CA boosted its stake in Hewlett Packard Enterprise by 10.7% in the first quarter. Primecap Management Co. CA now owns 56,167,415 shares of the company’s stock valued at $995,848,000 after buying an additional 5,432,750 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Hewlett Packard Enterprise by 80.5% in the second quarter. UBS Asset Management Americas Inc. now owns 9,764,375 shares of the company’s stock valued at $178,395,000 after buying an additional 4,354,541 shares in the last quarter. Marshall Wace LLP boosted its stake in Hewlett Packard Enterprise by 282.2% in the second quarter. Marshall Wace LLP now owns 4,684,407 shares of the company’s stock valued at $85,584,000 after buying an additional 3,458,745 shares in the last quarter. Finally, MD Sass Investors Services Inc. acquired a new stake in Hewlett Packard Enterprise during the second quarter valued at about $55,797,000. 80.51% of the stock is currently owned by hedge funds and other institutional investors.
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).
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