Hewlett Packard Enterprise Co. (HPE) PT Raised to $18.00
Hewlett Packard Enterprise Co. (NYSE:HPE) had its target price increased by equities research analysts at Barclays PLC from $17.00 to $18.00 in a research note issued on Wednesday. The firm presently has an “underweight” rating on the stock. Barclays PLC’s price target indicates a potential downside of 21.29% from the company’s current price.
HPE has been the subject of a number of other research reports. Needham & Company LLC restated a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, September 8th. Robert W. Baird reaffirmed a “hold” rating and set a $24.00 price objective (up previously from $23.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday. Raymond James Financial Inc. raised Hewlett Packard Enterprise from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $23.60 to $29.00 in a research report on Friday, November 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $24.50 price objective on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 20th. Finally, Wells Fargo & Co. reaffirmed a “market perform” rating on shares of Hewlett Packard Enterprise in a research report on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.67.
Hewlett Packard Enterprise (NYSE:HPE) traded up 1.84% on Wednesday, reaching $23.29. The company’s stock had a trading volume of 14,941,997 shares. Hewlett Packard Enterprise has a 12-month low of $11.62 and a 12-month high of $23.85. The stock has a market cap of $38.79 billion and a PE ratio of 9.72. The company’s 50 day moving average price is $22.42 and its 200-day moving average price is $20.60.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, November 22nd. The company reported $0.61 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.61. The company earned $12.50 billion during the quarter, compared to analysts’ expectations of $12.85 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 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. On average, equities analysts expect that Hewlett Packard Enterprise will post $2.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be paid a dividend of $0.065 per share. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Monday, December 12th. Hewlett Packard Enterprise’s payout ratio is presently 9.17%.
In other Hewlett Packard Enterprise news, CFO Timothy C. Stonesifer sold 101,610 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $22.01, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher P. Hsu sold 4,780 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $23.12, for a total value of $110,513.60. Following the sale, the executive vice president now directly owns 71,219 shares in the company, valued at $1,646,583.28. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.
A number of large investors have recently modified their holdings of HPE. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Hewlett Packard Enterprise during the second quarter worth approximately $100,000. Ledyard National Bank boosted 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 boosted 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 acquired a new position in Hewlett Packard Enterprise during the third quarter worth approximately $103,000. Finally, Bronfman E.L. Rothschild L.P. boosted 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 institutional investors.
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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).
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