Hewlett Packard Enterprise Co. (HPE) Earns “Outperform” Rating from Oppenheimer Holdings Inc.
Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “outperform” rating reissued by Oppenheimer Holdings Inc. in a research note issued on Sunday. They presently have a $25.00 target price on the stock. Oppenheimer Holdings Inc.’s target price points to a potential upside of 16.12% from the stock’s current price.
A number of other equities analysts have also recently weighed in on HPE. Jefferies Group reaffirmed a “buy” rating and set a $25.50 price target (up from $24.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 5th. Wells Fargo & Co. cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 8th. Barclays PLC increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, September 8th. Mizuho increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, September 8th. Finally, Brean Capital reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $21.60.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 1.06% during trading on Friday, reaching $21.53. 13,561,328 shares of the company’s stock were exchanged. The stock has a market capitalization of $35.86 billion and a price-to-earnings ratio of 8.98. The stock has a 50 day moving average price of $22.20 and a 200-day moving average price of $19.55. Hewlett Packard Enterprise has a 52 week low of $11.62 and a 52 week high of $23.53.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.04. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The business had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $12.64 billion. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. Analysts predict that Hewlett Packard Enterprise will post $1.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, October 7th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 9.17%.
In other news, EVP Robert Youngjohns sold 8,622 shares of the firm’s stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $19.69, for a total transaction of $169,767.18. Following the completion of the sale, the executive vice president now owns 18,033 shares of the company’s stock, valued at $355,069.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael G. Nefkens sold 107,500 shares of the firm’s stock in a transaction that occurred 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. 0.57% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in HPE. Ngam Advisors L.P. increased its stake in Hewlett Packard Enterprise by 31.9% in the first quarter. Ngam Advisors L.P. now owns 73,372 shares of the company’s stock worth $1,301,000 after buying an additional 17,732 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Hewlett Packard Enterprise by 22.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,816 shares of the company’s stock worth $227,000 after buying an additional 2,360 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Hewlett Packard Enterprise during the first quarter worth $1,291,000. Hanlon Investment Management Inc. bought a new stake in Hewlett Packard Enterprise during the first quarter worth $4,116,000. Finally, Cypress Wealth Advisors LLC increased its stake in Hewlett Packard Enterprise by 0.3% in the first quarter. Cypress Wealth Advisors LLC now owns 16,852 shares of the company’s stock worth $299,000 after buying an additional 48 shares during the last quarter. 80.51% of the stock is owned by institutional investors and hedge funds.
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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