Hewlett Packard Enterprise Company (HPE) Receives Buy Rating from Jefferies Group LLC
Jefferies Group LLC reaffirmed their buy rating on shares of Hewlett Packard Enterprise Company (NYSE:HPE) in a research report report published on Wednesday. Jefferies Group LLC currently has a $17.50 price objective on the technology company’s stock, down from their previous price objective of $22.00.
A number of other equities research analysts have also issued reports on the company. BidaskClub lowered Hewlett Packard Enterprise from a hold rating to a sell rating in a research note on Wednesday, July 5th. Barclays PLC decreased their price target on Hewlett Packard Enterprise from $21.00 to $18.00 and set an underweight rating for the company in a research note on Wednesday, May 10th. Royal Bank Of Canada reissued a hold rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, July 12th. Raymond James Financial, Inc. reissued an outperform rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Monday, June 5th. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a strong sell rating to a hold rating in a research note on Monday, June 5th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of $19.38.
Shares of Hewlett Packard Enterprise (NYSE HPE) traded down 2.25% during midday trading on Wednesday, hitting $13.46. 7,508,691 shares of the company were exchanged. Hewlett Packard Enterprise has a one year low of $11.99 and a one year high of $14.86. The company has a 50-day moving average of $13.71 and a 200 day moving average of $13.69. The company has a market capitalization of $22.11 billion, a P/E ratio of 10.20 and a beta of 2.72. Hewlett Packard Enterprise also was the recipient of unusually large options trading on Tuesday. Stock investors purchased 12,185 put options on the company. This is an increase of 320% compared to the typical volume of 2,901 put options.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 8.92% and a net margin of 0.29%. The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period last year, the company earned $0.49 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Hewlett Packard Enterprise will post $1.40 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be given a $0.065 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.89%. Hewlett Packard Enterprise’s payout ratio is 371.48%.
In other news, CEO Margaret C. Whitman sold 389,668 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total value of $6,943,883.76. Following the completion of the sale, the chief executive officer now owns 962,433 shares of the company’s stock, valued at approximately $17,150,556.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 389,651 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $17.47, for a total value of $6,807,202.97. Following the completion of the sale, the chief executive officer now directly owns 1,157,250 shares of the company’s stock, valued at approximately $20,217,157.50. The disclosure for this sale can be found here. Insiders sold a total of 1,963,677 shares of company stock valued at $34,198,508 in the last three months. Insiders own 0.87% of the company’s stock.
Several institutional investors have recently bought and sold shares of HPE. WFG Advisors LP lifted its position in Hewlett Packard Enterprise by 15.3% during the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after acquiring an additional 801 shares during the period. Archford Capital Strategies LLC lifted its position in Hewlett Packard Enterprise by 6,858.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after acquiring an additional 7,476 shares during the period. YorkBridge Wealth Partners LLC lifted its position in Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after acquiring an additional 200 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Hewlett Packard Enterprise by 4.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after acquiring an additional 266 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in Hewlett Packard Enterprise during the 1st quarter worth about $125,000. 80.21% of the stock is owned by hedge funds and other institutional investors.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, 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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