Hewlett Packard Enterprise Co. (HPE) PT Lowered to $27.00
Hewlett Packard Enterprise Co. (NYSE:HPE) had its price target decreased by research analysts at Jefferies Group from $29.00 to $27.00 in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 15.68% from the stock’s previous close.
HPE has been the subject of several other reports. Needham & Company LLC restated a “buy” rating and set a $24.00 target price (up from $22.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, September 8th. Robert W. Baird restated a “hold” rating and set a $24.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 23rd. Raymond James Financial Inc. upgraded Hewlett Packard Enterprise from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $23.60 to $29.00 in a research note on Friday, November 18th. Sanford C. Bernstein reiterated 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, Wells Fargo & Co. reiterated a “market perform” rating on shares of Hewlett Packard Enterprise in a research note on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.80.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 23.34 on Friday. The company’s 50 day moving average price is $22.48 and its 200-day moving average price is $20.79. The firm has a market capitalization of $38.87 billion and a PE ratio of 9.74. Hewlett Packard Enterprise has a 52 week low of $11.62 and a 52 week high of $23.85.
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, hitting the consensus estimate of $0.61. Hewlett Packard Enterprise had a return on equity of 10.38% and a net margin of 6.31%. The firm earned $12.50 billion during the quarter, compared to analysts’ expectations of $12.85 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. On average, equities research analysts expect that Hewlett Packard Enterprise will post $2.06 EPS for the current fiscal 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 given a $0.065 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, December 12th. This represents a $0.26 annualized dividend and a yield of 1.11%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 12.02%.
In related news, EVP Michael G. Nefkens sold 107,500 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $22.00, for a total value of $2,365,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $22.01, for a total transaction of $2,236,436.10. Following the completion of the transaction, the chief financial officer now directly owns 101,610 shares in the company, valued at approximately $2,236,436.10. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. OZ Management LP boosted its position in Hewlett Packard Enterprise by 212.4% in the third quarter. OZ Management LP now owns 8,391,778 shares of the company’s stock valued at $190,913,000 after buying an additional 5,705,284 shares in the last quarter. Empyrean Capital Partners LP purchased a new position in Hewlett Packard Enterprise during the third quarter valued at approximately $113,771,000. UBS Asset Management Americas Inc. boosted its position in Hewlett Packard Enterprise by 80.5% in the second quarter. UBS Asset Management Americas Inc. now owns 9,764,375 shares of the company’s stock valued at $178,395,000 after buying an additional 4,354,541 shares in the last quarter. Marshall Wace LLP boosted its position in Hewlett Packard Enterprise by 282.2% in the second quarter. Marshall Wace LLP now owns 4,684,407 shares of the company’s stock valued at $85,584,000 after buying an additional 3,458,745 shares in the last quarter. Finally, MD Sass Investors Services Inc. purchased a new position in Hewlett Packard Enterprise during the second quarter valued at approximately $55,797,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.
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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