Hewlett Packard Enterprise Co. (HPE) Given “Underweight” Rating at Barclays PLC
Barclays PLC restated their underweight rating on shares of Hewlett Packard Enterprise Co. (NYSE:HPE) in a research note released on Wednesday. Barclays PLC currently has a $17.00 target price on the stock.
A number of other equities research analysts have also issued reports on HPE. Vetr upgraded Hewlett Packard Enterprise from a hold rating to a strong-buy rating and set a $23.91 price target for the company in a research report on Tuesday, June 14th. Oppenheimer Holdings Inc. restated a buy rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Monday, June 27th. Wells Fargo & Co. restated a market perform rating on shares of Hewlett Packard Enterprise in a research report on Saturday, July 2nd. Jefferies Group restated a buy rating and issued a $25.50 price target (up from $24.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 5th. Finally, BMO Capital Markets restated a buy rating on shares of Hewlett Packard Enterprise in a research report on Sunday, July 10th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $21.50.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 2.295% during midday trading on Wednesday, hitting $21.495. The company had a trading volume of 1,102,670 shares. The company has a market capitalization of $35.80 billion and a PE ratio of 8.967. Hewlett Packard Enterprise has a 12 month low of $11.63 and a 12 month high of $23.53. The company has a 50-day moving average of $22.21 and a 200-day moving average of $19.50.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The business earned $12.20 billion during the quarter, compared to analyst estimates of $12.64 billion. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. Analysts predict that Hewlett Packard Enterprise will post $1.92 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 12th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, October 7th. This represents a $0.22 dividend on an annualized basis and a yield of 1.00%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 9.17%.
In related news, Director Ann M. Livermore sold 44,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $22.65, for a total transaction of $996,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael G. Nefkens sold 107,500 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was 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. Corporate insiders own 0.57% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $100,000. Citizens Financial Group Inc RI boosted its stake in shares of Hewlett Packard Enterprise by 22.6% in the first quarter. Citizens Financial Group Inc RI now owns 5,809 shares of the company’s stock worth $103,000 after buying an additional 1,069 shares during the period. MCF Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock worth $103,000 after buying an additional 2,501 shares during the period. Ropes Wealth Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock worth $146,000 after buying an additional 195 shares during the period. Finally, Cedar Wealth Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock worth $150,000 after buying an additional 1,251 shares during the period. 80.51% of the stock is 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).
Receive News & Stock Ratings for Hewlett Packard Enterprise Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Co. and related stocks with our FREE daily email newsletter.