Hewlett Packard Enterprise Co. (HPE) PT Set at $20.00 by Susquehanna
Hewlett Packard Enterprise Co. (NYSE:HPE) received a $20.00 target price from investment analysts at Susquehanna in a research note issued on Thursday. The firm presently has a “hold” rating on the stock. Susquehanna’s target price would indicate a potential downside of 13.87% from the company’s current price.
Several other equities research analysts have also recently commented on the stock. Credit Suisse Group AG boosted their price target on shares of Hewlett Packard Enterprise from $21.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 1st. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $25.00 price target on shares of Hewlett Packard Enterprise in a research note on Sunday, October 16th. Vetr raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.52 price target on the stock in a research note on Thursday, August 18th. Sanford C. Bernstein reissued an “outperform” rating and issued a $24.50 price target on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 20th. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have assigned a buy rating to the company. Hewlett Packard Enterprise has an average rating of “Hold” and a consensus target price of $22.80.
Hewlett Packard Enterprise (NYSE:HPE) opened at 23.22 on Thursday. The stock’s 50 day moving average is $22.45 and its 200 day moving average is $20.67. Hewlett Packard Enterprise has a one year low of $11.62 and a one year high of $23.85. The stock has a market capitalization of $38.67 billion and a price-to-earnings ratio of 9.69.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The firm 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. Hewlett Packard Enterprise’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities analysts forecast that Hewlett Packard Enterprise will post $2.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.12%. Hewlett Packard Enterprise’s payout ratio is 12.02%.
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In other news, EVP Michael G. Nefkens sold 107,500 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $22.00, for a total transaction of $2,365,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John F. Schultz sold 12,555 shares of the business’s stock in a transaction that occurred on 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 owns 79,447 shares in the company, valued at $1,863,826.62. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in HPE. 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 in the last quarter. Seven Eight Capital LLC purchased a new stake in Hewlett Packard Enterprise during the first quarter worth about $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 in the last quarter. 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 in the last quarter. Finally, Summit Financial Wealth Advisors LLC purchased a new stake in Hewlett Packard Enterprise during the second quarter worth about $240,000. Institutional investors and hedge funds own 79.61% of the company’s stock.
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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