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.

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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).

5 Day Chart for NYSE:HPE

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