Vetr upgraded shares of Hewlett Packard Enterprise Co (NYSE:HPE) from a buy rating to a strong-buy rating in a research note released on Tuesday. The brokerage currently has $25.36 price target on the stock.
A number of other brokerages have also recently weighed in on HPE. Sanford C. Bernstein reissued an outperform rating and set a $24.50 target price on shares of Hewlett Packard Enterprise in a report on Tuesday, September 20th. Credit Suisse Group AG reiterated an outperform rating and issued a $25.00 target price on shares of Hewlett Packard Enterprise in a research report on Saturday, September 3rd. Mizuho raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a neutral rating in a research report on Thursday, September 8th. Wells Fargo & Co. lowered shares of Hewlett Packard Enterprise from an outperform rating to a market perform rating in a research report on Thursday, September 8th. Finally, Needham & Company LLC reiterated a buy rating and issued a $24.00 target price (up from $22.00) on shares of Hewlett Packard Enterprise in a report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $21.33.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 22.39 on Tuesday. The firm has a 50-day moving average of $22.13 and a 200 day moving average of $19.32. The stock has a market capitalization of $37.29 billion and a price-to-earnings ratio of 9.34. Hewlett Packard Enterprise has a 12-month low of $11.62 and a 12-month high of $23.53.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.04. The company had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $12.64 billion. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. Hewlett Packard Enterprise’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities analysts forecast that Hewlett Packard Enterprise will post $1.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.22 dividend on an annualized basis and a yield of 0.98%. Hewlett Packard Enterprise’s dividend payout ratio is currently 9.17%.
In other Hewlett Packard Enterprise news, CFO Timothy C. Stonesifer sold 101,610 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 16th. The stock was sold at an average price of $22.01, for a total transaction of $2,236,436.10. Following the completion of the transaction, the chief financial officer now directly owns 101,610 shares of the company’s stock, valued at $2,236,436.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael G. Nefkens sold 107,500 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $22.00, for a total value of $2,365,000.00. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in shares of Hewlett Packard Enterprise by 3.6% in the first quarter. IFP Advisors Inc now owns 20,674 shares of the company’s stock valued at $367,000 after buying an additional 712 shares in the last quarter. Ngam Advisors L.P. boosted its stake in shares of Hewlett Packard Enterprise by 31.9% in the first quarter. Ngam Advisors L.P. now owns 73,372 shares of the company’s stock valued at $1,301,000 after buying an additional 17,732 shares in the last quarter. Columbia Partners L L C Investment Management purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at $1,178,000. NN Investment Partners Holdings N.V. purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at $5,065,000. Finally, Advisor Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 23.7% in the first quarter. Advisor Partners LLC now owns 29,071 shares of the company’s stock valued at $515,000 after buying an additional 5,576 shares in the last quarter. 80.51% of the stock is owned by institutional investors and hedge funds.
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).
To view Vetr’s full report, visit Vetr’s official website.
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