Hewlett Packard Enterprise Co. (HPE) Stock Rating Upgraded by Vetr Inc.
Hewlett Packard Enterprise Co. (NYSE:HPE) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage currently has a $25.66 price target on the stock. Vetr‘s target price indicates a potential upside of 12.20% from the stock’s previous close.
HPE has been the subject of several other reports. Oppenheimer Holdings Inc. set a $25.00 price objective on Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Monday, November 14th. Barclays PLC reissued an “underweight” rating and set a $17.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, October 12th. FBN Securities reissued an “outperform” rating on shares of Hewlett Packard Enterprise in a report on Thursday, September 8th. 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 report on Wednesday, October 5th. Finally, Mizuho boosted their price objective on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have assigned a buy rating to the stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $22.49.
Hewlett Packard Enterprise (NYSE:HPE) opened at 22.87 on Monday. Hewlett Packard Enterprise has a 52-week low of $11.62 and a 52-week high of $23.85. The stock’s 50 day moving average is $22.42 and its 200 day moving average is $20.60. The company has a market cap of $38.09 billion and a price-to-earnings ratio of 9.54.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. The firm 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 company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. Equities research analysts forecast that Hewlett Packard Enterprise will post $1.92 earnings per share 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 paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Monday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s dividend payout ratio is 9.17%.
In related news, CFO Timothy C. Stonesifer sold 101,610 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 101,610 shares in the company, valued at approximately $2,236,436.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeff T. Ricci sold 43,137 shares of the stock in a transaction on Monday, November 7th. The shares were sold at an average price of $22.44, for a total value of $967,994.28. Following the completion of the sale, the senior vice president now owns 52,221 shares in the company, valued at approximately $1,171,839.24. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. LPL Financial LLC boosted its stake in Hewlett Packard Enterprise by 1.3% in the first quarter. LPL Financial LLC now owns 152,694 shares of the company’s stock worth $2,689,000 after buying an additional 1,922 shares during the period. Babson Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 57.1% in the first quarter. Babson Capital Management LLC now owns 195,337 shares of the company’s stock worth $3,463,000 after buying an additional 71,000 shares during the period. Seven Eight Capital LLC acquired a new stake in Hewlett Packard Enterprise during the first quarter worth $305,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Hewlett Packard Enterprise by 8.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 55,270 shares of the company’s stock worth $985,000 after buying an additional 4,307 shares during the period. Finally, First Republic Investment Management Inc. boosted its stake in Hewlett Packard Enterprise by 10.8% in the first quarter. First Republic Investment Management Inc. now owns 89,664 shares of the company’s stock worth $1,589,000 after buying an additional 8,705 shares during the period. Institutional investors and hedge funds own 79.61% of the company’s stock.
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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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