Hewlett Packard Enterprise Co. (HPE) Downgraded by Vetr Inc. to “Buy”
Vetr lowered shares of Hewlett Packard Enterprise Co. (NYSE:HPE) from a strong-buy rating to a buy rating in a research note released on Tuesday morning. They currently have $26.49 price objective on the stock.
Several other equities analysts have also commented on the stock. Credit Suisse Group AG increased 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 report on Monday, August 1st. Oppenheimer Holdings Inc. reiterated an outperform rating and issued a $25.00 price target on shares of Hewlett Packard Enterprise in a report on Sunday, October 16th. Sanford C. Bernstein reiterated an outperform rating and issued a $24.50 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, September 20th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a sell rating to a hold rating in a report on Friday, August 19th. Finally, Wells Fargo & Co. reiterated a market perform rating on shares of Hewlett Packard Enterprise in a report on Friday, November 11th. Two investment 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. The company currently has an average rating of Hold and an average price target of $22.83.
Hewlett Packard Enterprise (NYSE:HPE) opened at 23.74 on Tuesday. Hewlett Packard Enterprise has a one year low of $11.62 and a one year high of $23.90. The firm’s 50-day moving average is $22.48 and its 200 day moving average is $20.79. The stock has a market cap of $39.54 billion and a P/E ratio of 9.90.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The firm earned $12.50 billion during the quarter, compared to analyst estimates of $12.85 billion. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. Hewlett Packard Enterprise’s revenue was down 7.2% on a year-over-year basis. During the same period last year, the firm posted $0.52 EPS. On average, analysts anticipate that Hewlett Packard Enterprise will post $2.06 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be paid a dividend of $0.065 per share. 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 1.10%. Hewlett Packard Enterprise’s payout ratio is presently 12.02%.
In related news, 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 transaction of $294,540.30. Following the completion of the sale, the executive vice president now owns 79,447 shares in the company, valued at $1,863,826.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the chief financial officer now owns 101,610 shares of the company’s stock, valued at approximately $2,236,436.10. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
Large investors have recently bought and sold shares of the company. OZ Management LP boosted its stake in shares of Hewlett Packard Enterprise by 212.4% in the third quarter. OZ Management LP now owns 8,391,778 shares of the company’s stock worth $190,913,000 after buying an additional 5,705,284 shares in the last quarter. Empyrean Capital Partners LP purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $113,771,000. UBS Asset Management Americas Inc. boosted its stake in shares of 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 worth $178,395,000 after buying an additional 4,354,541 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Hewlett Packard Enterprise by 282.2% in the second quarter. Marshall Wace LLP now owns 4,684,407 shares of the company’s stock worth $85,584,000 after buying an additional 3,458,745 shares in the last quarter. Finally, MD Sass Investors Services Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $55,797,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.
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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