Hewlett Packard Enterprise Co. (HPE) PT Raised to $27.00
Hewlett Packard Enterprise Co. (NYSE:HPE) had its target price boosted by investment analysts at BMO Capital Markets from $26.00 to $27.00 in a report released on Wednesday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 14.65% from the stock’s current price.
HPE has been the subject of several other research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 price objective (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 note on Wednesday. Raymond James Financial Inc. upgraded shares of Hewlett Packard Enterprise from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $23.60 to $29.00 in a research report on Friday, November 18th. Sanford C. Bernstein reiterated 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, Wells Fargo & Co. reiterated a “market perform” rating on shares of Hewlett Packard Enterprise in a research report on Friday, November 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.80.
Hewlett Packard Enterprise (NYSE:HPE) traded up 2.97% on Wednesday, hitting $23.55. 21,568,380 shares of the stock traded hands. Hewlett Packard Enterprise has a 52 week low of $11.62 and a 52 week high of $23.85. The firm has a market capitalization of $39.22 billion and a PE ratio of 9.82. The stock has a 50 day moving average of $22.42 and a 200 day moving average of $20.60.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 EPS for the quarter, meeting the 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 net margin of 8.31% and a return on equity of 10.15%. Hewlett Packard Enterprise’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. Equities research analysts anticipate that Hewlett Packard Enterprise will post $2.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be given a $0.065 dividend. The ex-dividend date is Monday, December 12th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.10%. Hewlett Packard Enterprise’s dividend payout ratio is currently 9.17%.
In other news, EVP John F. Schultz sold 12,555 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $23.46, for a total value of $294,540.30. Following the sale, the executive vice president now directly owns 79,447 shares of the company’s stock, valued at approximately $1,863,826.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Antonio F. Neri sold 213,399 shares of the company’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $23.00, for a total transaction of $4,908,177.00. Following the completion of the sale, the executive vice president now directly owns 21,213 shares in the company, valued at $487,899. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. increased its stake in Hewlett Packard Enterprise by 0.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 44,505,637 shares of the company’s stock worth $813,118,000 after buying an additional 329,761 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Hewlett Packard Enterprise by 8.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 27,055,545 shares of the company’s stock worth $494,305,000 after buying an additional 2,126,559 shares in the last quarter. FMR LLC increased its stake in Hewlett Packard Enterprise by 7.0% in the second quarter. FMR LLC now owns 24,762,003 shares of the company’s stock worth $452,402,000 after buying an additional 1,609,232 shares in the last quarter. BlackRock Fund Advisors increased its stake in Hewlett Packard Enterprise by 4.6% in the third quarter. BlackRock Fund Advisors now owns 20,919,461 shares of the company’s stock worth $475,918,000 after buying an additional 915,768 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Hewlett Packard Enterprise by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 17,657,453 shares of the company’s stock worth $322,571,000 after buying an additional 60,125 shares in the last quarter. 79.61% of the stock is currently owned by hedge funds and other 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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