OTR Global lowered shares of Hewlett Packard Enterprise (NYSE:HPE) to a positive rating in a report issued on Tuesday, The Fly reports.

Other equities analysts have also recently issued research reports about the stock. Sanford C. Bernstein restated a buy rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a hold rating to a sell rating in a research report on Wednesday, January 10th. Morgan Stanley restated a hold rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Robert W. Baird restated a hold rating and issued a $15.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Finally, TheStreet upgraded shares of Hewlett Packard Enterprise from a c rating to a b- rating in a research report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $16.16.

Hewlett Packard Enterprise (HPE) opened at $15.47 on Tuesday. Hewlett Packard Enterprise has a 52-week low of $12.81 and a 52-week high of $24.88. The stock has a market cap of $25,103.71, a PE ratio of 12.11, a price-to-earnings-growth ratio of 2.65 and a beta of 2.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The firm had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.78 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. equities research analysts expect that Hewlett Packard Enterprise will post 1.19 EPS for the current fiscal year.

Hewlett Packard Enterprise declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio is currently 142.86%.

In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 42,314 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $14.00, for a total value of $592,396.00. Following the sale, the executive vice president now owns 84,629 shares in the company, valued at $1,184,806. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Henry Gomez sold 119,515 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $14.87, for a total transaction of $1,777,188.05. The disclosure for this sale can be found here. Insiders have sold 1,407,123 shares of company stock worth $22,389,810 in the last quarter. 0.87% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. WFG Advisors LP grew its holdings in Hewlett Packard Enterprise by 15.3% in the second 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 period. Burke & Herbert Bank & Trust Co. grew its holdings in Hewlett Packard Enterprise by 12.3% in the fourth quarter. Burke & Herbert Bank & Trust Co. now owns 30,840 shares of the technology company’s stock worth $443,000 after purchasing an additional 3,380 shares during the period. Intrust Bank NA grew its holdings in Hewlett Packard Enterprise by 25.2% in the fourth quarter. Intrust Bank NA now owns 17,964 shares of the technology company’s stock worth $258,000 after purchasing an additional 3,616 shares during the period. Mutual of America Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 1.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 198,411 shares of the technology company’s stock worth $2,849,000 after purchasing an additional 3,711 shares during the period. Finally, Greenleaf Trust grew its holdings in Hewlett Packard Enterprise by 20.4% in the fourth quarter. Greenleaf Trust now owns 22,635 shares of the technology company’s stock worth $325,000 after purchasing an additional 3,832 shares during the period. Institutional investors and hedge funds own 83.05% of the company’s stock.

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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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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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