Hewlett Packard Enterprise Co. (HPE) Stock Rating Reaffirmed by Jefferies Group
Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “buy” rating reissued by Jefferies Group in a research report issued to clients and investors on Friday.
A number of other equities research analysts also recently weighed in on the stock. Credit Suisse Group AG raised their price target on shares of Hewlett Packard Enterprise from $21.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $25.00 price target on shares of Hewlett Packard Enterprise in a research note on Sunday, October 16th. Vetr upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.52 price target on the stock in a research note on Thursday, August 18th. Sanford C. Bernstein restated an “outperform” rating and issued a $24.50 price target on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 20th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $22.49.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 23.12 on Friday. The company has a market cap of $38.51 billion and a P/E ratio of 9.65. Hewlett Packard Enterprise has a 52 week low of $11.62 and a 52 week high of $23.85. The firm has a 50-day moving average of $22.41 and a 200 day moving average of $20.55.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data 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 firm had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.64 billion. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The firm’s revenue was down 3.9% compared to the same quarter last year. Equities analysts anticipate that Hewlett Packard Enterprise will post $1.92 earnings per share for the current fiscal 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 given a $0.065 dividend. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 annualized dividend and a yield of 1.12%. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 9.17%.
In other Hewlett Packard Enterprise news, CFO Timothy C. Stonesifer sold 101,610 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 16th. The shares were sold at an average price of $22.01, for a total transaction of $2,236,436.10. Following the transaction, the chief financial officer now directly owns 101,610 shares of the company’s stock, valued at approximately $2,236,436.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael G. Nefkens sold 107,500 shares of Hewlett Packard Enterprise 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. 0.57% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Hewlett Packard Enterprise during the second quarter worth about $100,000. Ledyard National Bank increased its position 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. MCF Advisors LLC increased its position in 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 in the last quarter. Kernodle & Katon Asset Management Group LLC purchased a new position in Hewlett Packard Enterprise during the third quarter worth about $103,000. Finally, Bronfman E.L. Rothschild L.P. increased its position in Hewlett Packard Enterprise by 10.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,739 shares of the company’s stock worth $108,000 after buying an additional 441 shares in the last quarter. 79.61% of the stock is currently 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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