Hewlett Packard Enterprise Co. (NYSE:HPE) was upgraded by Raymond James Financial Inc. from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday. The brokerage presently has a $29.00 price target on the stock, up from their prior price target of $23.60. Raymond James Financial Inc.’s target price indicates a potential upside of 25.43% from the company’s previous close.

HPE has been the subject of several other reports. Vetr raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.36 price objective for the company in a research note on Tuesday, October 4th. Oppenheimer Holdings Inc. set a $25.00 price objective on Hewlett Packard Enterprise and gave the stock a “buy” rating in a research note on Monday, November 14th. Barclays PLC reissued an “underweight” rating and issued a $17.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 12th. FBN Securities reissued an “outperform” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, September 8th. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, October 5th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.49.

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 23.12 on Friday. Hewlett Packard Enterprise has a 1-year low of $11.62 and a 1-year high of $23.85. The company has a 50-day moving average price of $22.41 and a 200 day moving average price of $20.55. The company has a market capitalization of $38.51 billion and a P/E ratio of 9.65.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 7th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm earned $12.20 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. Equities research analysts anticipate that Hewlett Packard Enterprise will post $1.92 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be given a dividend of $0.065 per share. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 dividend on an annualized basis and a yield of 1.12%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 9.17%.

In other news, SVP Jeff T. Ricci sold 43,137 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $22.44, for a total value of $967,994.28. Following the transaction, the senior vice president now owns 52,221 shares in the company, valued at $1,171,839.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Timothy C. Stonesifer sold 101,610 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $22.01, for a total value of $2,236,436.10. Following the completion of the transaction, the chief financial officer now owns 101,610 shares in the company, valued at approximately $2,236,436.10. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Hewlett Packard Enterprise by 315.5% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 18,697 shares of the company’s stock valued at $342,000 after buying an additional 14,197 shares in the last quarter. Alpha Windward LLC increased its position in Hewlett Packard Enterprise by 388.1% in the second quarter. Alpha Windward LLC now owns 20,274 shares of the company’s stock valued at $370,000 after buying an additional 16,120 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its position in Hewlett Packard Enterprise by 2.9% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 430,135 shares of the company’s stock valued at $7,859,000 after buying an additional 12,194 shares in the last quarter. British Columbia Investment Management Corp increased its position in Hewlett Packard Enterprise by 35.8% in the second quarter. British Columbia Investment Management Corp now owns 1,057,253 shares of the company’s stock valued at $19,316,000 after buying an additional 278,701 shares in the last quarter. Finally, Edge Wealth Management LLC increased its position in Hewlett Packard Enterprise by 55.3% in the second quarter. Edge Wealth Management LLC now owns 46,273 shares of the company’s stock valued at $848,000 after buying an additional 16,486 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

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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