Hewlett Packard Enterprise Co. (HPE) Given Hold Rating at Robert W. Baird
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.
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.
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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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