Hewlett Packard Enterprise (HPE) Rating Lowered to Positive at OTR Global
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 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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