Barclays PLC reiterated their sell rating on shares of Hewlett Packard Enterprise Company (NYSE:HPE) in a research note issued to investors on Friday. Barclays PLC currently has a $14.00 price objective on the technology company’s stock.

HPE has been the topic of several other research reports. CIBC lowered their price objective on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a buy rating on the stock in a report on Tuesday, July 4th. BidaskClub downgraded shares of Hewlett Packard Enterprise from a hold rating to a sell rating in a report on Saturday, August 5th. Maxim Group restated a hold rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, July 14th. Loop Capital assumed coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They set a hold rating and a $17.00 price objective on the stock. Finally, Credit Suisse Group reiterated an outperform rating on shares of Hewlett Packard Enterprise in a report on Saturday, June 3rd. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $19.03.

Hewlett Packard Enterprise (NYSE:HPE) traded down 0.98% on Friday, reaching $13.12. 24,308,651 shares of the company were exchanged. Hewlett Packard Enterprise has a 12-month low of $11.99 and a 12-month high of $14.86. The company’s 50-day moving average price is $13.68 and its 200-day moving average price is $13.68. The stock has a market capitalization of $21.55 billion, a P/E ratio of 9.95 and a beta of 2.72.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Hewlett Packard Enterprise will post $1.39 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This report was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/09/09/hewlett-packard-enterprise-company-hpe-receives-sell-rating-from-barclays-plc.html.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio is 371.48%.

In other news, CEO Margaret C. Whitman sold 62,652 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $16.71, for a total transaction of $1,046,914.92. Following the sale, the chief executive officer now owns 830,251 shares in the company, valued at approximately $13,873,494.21. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Margaret C. Whitman sold 194,844 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $16.73, for a total transaction of $3,259,740.12. Following the sale, the chief executive officer now owns 865,021 shares in the company, valued at approximately $14,471,801.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,963,677 shares of company stock worth $34,198,508. 0.87% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $125,000. Harfst & Associates Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $127,000. WFG Advisors LP raised its position in shares of Hewlett Packard Enterprise by 15.3% in the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after purchasing an additional 801 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of Hewlett Packard Enterprise by 12.1% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock worth $117,000 after purchasing an additional 675 shares during the last quarter. Finally, Guardian Life Insurance Co. of America raised its position in shares of Hewlett Packard Enterprise by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock worth $152,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.

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).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

Receive News & Stock Ratings for Hewlett Packard Enterprise Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Company and related stocks with our FREE daily email newsletter.