Robert W. Baird reiterated their hold rating on shares of Hewlett Packard Enterprise Co. (NYSE:HPE) in a research report released on Wednesday. The brokerage currently has a $24.00 price objective on the stock, up from their previous price objective of $23.00.

HPE has been the subject of a number of other research reports. Vetr raised shares of Hewlett Packard Enterprise from a buy rating to a strong-buy rating and set a $25.36 target price for the company in a research report on Tuesday, October 4th. Oppenheimer Holdings Inc. set a $25.00 target price on shares of Hewlett Packard Enterprise and gave the company a buy rating in a research report 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 report on Wednesday, October 12th. FBN Securities reissued an outperform rating on shares of Hewlett Packard Enterprise in a research report on Thursday, September 8th. Finally, Zacks Investment Research raised shares of Hewlett Packard Enterprise from a hold rating to a buy rating and set a $25.00 price objective for the company in a research report on Wednesday, October 5th. 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 stock. Hewlett Packard Enterprise has an average rating of Hold and a consensus price target of $22.80.

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

Shares of Hewlett Packard Enterprise (NYSE:HPE) traded up 2.97% on Wednesday, hitting $23.55. 21,568,880 shares of the stock were exchanged. The firm has a market capitalization of $39.22 billion and a PE ratio of 9.82. Hewlett Packard Enterprise has a one year low of $11.62 and a one year high of $23.85. The company has a 50-day moving average price of $22.45 and a 200-day moving average price of $20.62.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. The business earned $12.50 billion during the quarter, compared to the consensus estimate of $12.85 billion. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. 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 firm earned $0.52 earnings per share. Equities research analysts expect that Hewlett Packard Enterprise will post $2.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, December 12th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 1.10%. Hewlett Packard Enterprise’s payout ratio is 12.02%.

In related news, EVP Antonio F. Neri sold 213,399 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $23.00, for a total transaction of $4,908,177.00. Following the sale, the executive vice president now directly owns 21,213 shares of the company’s stock, valued at approximately $487,899. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann M. Livermore sold 44,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $22.65, for a total transaction of $996,600.00. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Hewlett Packard Enterprise during the second quarter worth $100,000. Ledyard National Bank raised its stake 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 during the last quarter. MCF Advisors LLC raised its stake 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 during the last quarter. Kernodle & Katon Asset Management Group LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth $103,000. Finally, Bronfman E.L. Rothschild L.P. raised its stake 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 during the last quarter. 79.61% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/24/hewlett-packard-enterprise-co-hpe-given-hold-rating-at-robert-w-baird.html.

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).

5 Day Chart for NYSE:HPE

Receive News & Stock Ratings for Hewlett Packard Enterprise Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Co. and related stocks with our FREE daily email newsletter.