Hewlett Packard Enterprise Co. (HPE) Stock Rating Reaffirmed by Sanford C. Bernstein
Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “outperform” rating restated by stock analysts at Sanford C. Bernstein in a research note issued to investors on Friday. They presently have a $24.50 price target on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 4.97% from the company’s previous close.
Other analysts have also recently issued reports about the company. Mizuho boosted their price target on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, September 8th. Brean Capital reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 19th. Credit Suisse Group AG reissued a “buy” rating and issued a $26.00 price target on shares of Hewlett Packard Enterprise in a research report on Monday, November 7th. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, October 5th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $26.00 price target (up from $24.00) on shares of Hewlett Packard Enterprise in a research report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have issued a buy rating to the stock. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target of $22.80.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 23.34 on Friday. The firm has a 50-day moving average price of $22.48 and a 200-day moving average price of $20.79. Hewlett Packard Enterprise has a 52-week low of $11.62 and a 52-week high of $23.85. The stock has a market capitalization of $38.87 billion and a P/E ratio of 9.74.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.61. Hewlett Packard Enterprise had a return on equity of 10.38% and a net margin of 6.31%. The firm had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.85 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, analysts predict that Hewlett Packard Enterprise will post $2.06 EPS for the current year.
The company 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. This represents a $0.26 annualized dividend and a dividend yield of 1.11%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio is presently 12.02%.
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In other news, EVP Antonio F. Neri sold 11,781 shares of the stock in a transaction on Friday, October 7th. The stock was sold at an average price of $22.68, for a total transaction of $267,193.08. Following the transaction, the executive vice president now directly owns 4,936 shares of the company’s stock, valued at approximately $111,948.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher P. Hsu sold 4,780 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $23.12, for a total value of $110,513.60. Following the transaction, the executive vice president now directly owns 71,219 shares in the company, valued at $1,646,583.28. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Hewlett Packard Enterprise during the second quarter valued at $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 valued at $100,000 after buying an additional 36 shares during the period. 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 valued at $103,000 after buying an additional 2,501 shares during the period. Kernodle & Katon Asset Management Group LLC bought a new stake in Hewlett Packard Enterprise during the third quarter valued at approximately $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 valued at $108,000 after buying an additional 441 shares during the period. 78.37% of the stock is currently owned by hedge funds and other institutional investors.
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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