Hewlett Packard Enterprise Co. (HPE) Receives “Market Perform” Rating from Wells Fargo & Co.
Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “market perform” rating restated by investment analysts at Wells Fargo & Co. in a research note issued to investors on Friday.
A number of other equities research analysts have also issued reports on the company. Credit Suisse Group AG boosted their target price on Hewlett Packard Enterprise from $21.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 1st. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $25.00 target price on shares of Hewlett Packard Enterprise in a research report on Sunday, October 16th. Vetr raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.52 target price on the stock in a research report on Thursday, August 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $24.50 target price on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 20th. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Friday, August 19th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target of $21.82.
Hewlett Packard Enterprise (NYSE:HPE) opened at 23.07 on Friday. The stock has a 50 day moving average price of $22.33 and a 200 day moving average price of $20.15. Hewlett Packard Enterprise has a 1-year low of $11.62 and a 1-year high of $23.69. The firm has a market capitalization of $38.42 billion and a price-to-earnings ratio of 9.62.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $12.20 billion for 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%. Hewlett Packard Enterprise’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 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.13%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 9.17%.
In related news, SVP Jeff T. Ricci sold 43,137 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $22.44, for a total transaction of $967,994.28. Following the completion of the sale, the senior vice president now directly owns 52,221 shares of the company’s stock, valued at approximately $1,171,839.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $22.01, for a total value of $2,236,436.10. Following the sale, the chief financial officer now directly owns 101,610 shares of the company’s stock, valued at $2,236,436.10. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Ledyard National Bank boosted its stake in Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock worth $100,000 after buying an additional 36 shares in the last quarter. Wedgewood Investors Inc. PA boosted its stake in Hewlett Packard Enterprise by 0.5% in the third quarter. Wedgewood Investors Inc. PA now owns 10,864 shares of the company’s stock worth $247,000 after buying an additional 54 shares in the last quarter. Cypress Wealth Advisors LLC boosted its stake in Hewlett Packard Enterprise by 0.4% in the second quarter. Cypress Wealth Advisors LLC now owns 16,922 shares of the company’s stock worth $309,000 after buying an additional 70 shares in the last quarter. Haverford Trust Co. boosted its stake in Hewlett Packard Enterprise by 0.8% in the second quarter. Haverford Trust Co. now owns 22,425 shares of the company’s stock worth $410,000 after buying an additional 175 shares in the last quarter. Finally, Advisor Partners LLC boosted its stake in Hewlett Packard Enterprise by 0.6% in the second quarter. Advisor Partners LLC now owns 29,252 shares of the company’s stock worth $534,000 after buying an additional 181 shares in the last quarter. 80.26% 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).
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