Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “hold” rating restated by analysts at Brean Capital in a research report issued on Wednesday.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Co. reissued a “buy” rating on shares of Hewlett Packard Enterprise in a report on Monday, July 11th. Credit Suisse Group AG raised their price objective on Hewlett Packard Enterprise from $21.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, August 1st. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $25.00 price objective on shares of Hewlett Packard Enterprise in a report on Sunday. Vetr raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.52 price objective on the stock in a report on Thursday, August 18th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Hewlett Packard Enterprise in a report on Sunday, July 10th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus target price of $21.68.

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

Shares of Hewlett Packard Enterprise (NYSE:HPE) traded up 1.21% during midday trading on Wednesday, hitting $21.73. The company’s stock had a trading volume of 17,418,008 shares. Hewlett Packard Enterprise has a 1-year low of $11.62 and a 1-year high of $23.53. The company has a 50-day moving average price of $22.18 and a 200 day moving average price of $19.62. The company has a market cap of $36.19 billion and a P/E ratio of 9.07.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.64 billion. The company’s revenue was down 3.9% on a year-over-year basis. On average, equities research analysts predict that Hewlett Packard Enterprise will post $1.92 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 12th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.22 dividend on an annualized basis and a yield of 1.02%. Hewlett Packard Enterprise’s dividend payout ratio is presently 9.17%.

In related news, EVP Antonio F. Neri sold 213,399 shares of the stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $23.00, for a total value of $4,908,177.00. Following the transaction, the executive vice president now owns 21,213 shares of the company’s stock, valued at $487,899. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John F. Schultz sold 316,164 shares of the stock in a transaction on Monday, September 26th. The shares were sold at an average price of $22.84, for a total value of $7,221,185.76. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ngam Advisors L.P. boosted its position in shares of 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 period. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of 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 period. OMERS ADMINISTRATION Corp bought a new position in shares of Hewlett Packard Enterprise during the first quarter worth about $1,291,000. Cypress Wealth Advisors LLC boosted its position in shares of 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 period. Finally, State Street Corp boosted its position in shares of Hewlett Packard Enterprise by 1.0% in the first quarter. State Street Corp now owns 84,485,271 shares of the company’s stock worth $1,497,931,000 after buying an additional 797,867 shares during the period. 80.50% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

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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