Hewlett Packard Enterprise Co. (HPE) PT Raised to $22.00
Hewlett Packard Enterprise Co. (NYSE:HPE) had its target price increased by analysts at Mizuho from $20.00 to $22.00 in a research report issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price points to a potential downside of 6.58% from the company’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. Credit Suisse Group AG lifted their price objective on shares of Hewlett Packard Enterprise from $21.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $25.00 price objective on shares of Hewlett Packard Enterprise in a research note on Sunday, October 16th. Vetr upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.52 price objective on the stock in a research note on Thursday, August 18th. Sanford C. Bernstein restated an “outperform” rating and set a $24.50 price objective on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 20th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Friday, August 19th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have given a buy rating to the company. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $22.80.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 23.55 on Wednesday. The firm has a market capitalization of $39.22 billion and a PE ratio of 9.82. Hewlett Packard Enterprise has a 1-year low of $11.62 and a 1-year high of $23.85. The firm’s 50 day moving average is $22.45 and its 200 day moving average is $20.62.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The business had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.85 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The company’s revenue was down 7.2% on a year-over-year basis. Analysts anticipate that Hewlett Packard Enterprise will post $2.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be issued a $0.065 dividend. 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 yield of 1.10%. The ex-dividend date of this dividend is Monday, December 12th. Hewlett Packard Enterprise’s payout ratio is 12.02%.
In related 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 value of $2,236,436.10. Following the completion of the sale, the chief financial officer now directly owns 101,610 shares in the company, valued at approximately $2,236,436.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John F. Schultz sold 12,555 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $23.46, for a total value of $294,540.30. Following the completion of the sale, the executive vice president now owns 79,447 shares of the company’s stock, valued at $1,863,826.62. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the company. RWC Asset Management LLP raised its stake in Hewlett Packard Enterprise by 384,836.2% in the third quarter. RWC Asset Management LLP now owns 573,555 shares of the company’s stock valued at $13,048,000 after buying an additional 573,406 shares during the period. D.A. Davidson & CO. raised its stake in Hewlett Packard Enterprise by 70.7% in the third quarter. D.A. Davidson & CO. now owns 8,571 shares of the company’s stock valued at $194,000 after buying an additional 3,549 shares during the period. Piedmont Investment Advisors LLC bought a new stake in Hewlett Packard Enterprise during the third quarter valued at $8,087,000. Cornerstone Capital Management Holdings LLC. raised its stake in Hewlett Packard Enterprise by 0.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 673,247 shares of the company’s stock valued at $15,315,000 after buying an additional 3,115 shares during the period. Finally, Cookson Peirce & Co. Inc. bought a new stake in Hewlett Packard Enterprise during the third quarter valued at $10,770,000. Hedge funds and other institutional investors 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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