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 Monday. The brokerage currently has $25.36 target price on the stock.
A number of other research analysts also recently weighed in on HPE. Oppenheimer Holdings Inc. restated a buy rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Monday, June 27th. Wells Fargo & Co. restated a market perform rating on shares of Hewlett Packard Enterprise in a report on Saturday, July 2nd. Jefferies Group restated a buy rating and set a $25.50 price target (up previously from $24.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, July 5th. BMO Capital Markets restated a buy rating on shares of Hewlett Packard Enterprise in a report on Sunday, July 10th. Finally, Citigroup Inc. upgraded shares of Hewlett Packard Enterprise from a neutral rating to a buy rating and raised their price target for the company from $20.00 to $25.00 in a report on Monday, July 25th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $21.50.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 22.00 on Monday. Hewlett Packard Enterprise has a 12 month low of $11.62 and a 12 month high of $23.53. The stock has a market capitalization of $36.64 billion and a PE ratio of 9.18. The company’s 50-day moving average is $22.21 and its 200-day moving average is $19.50.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.64 billion. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts expect that Hewlett Packard Enterprise will post $1.92 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.22 annualized dividend and a yield of 1.00%. Hewlett Packard Enterprise’s dividend payout ratio is 9.17%.
In other news, CFO Timothy C. Stonesifer sold 101,610 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were 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 approximately $2,236,436.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Youngjohns sold 8,622 shares of the firm’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $19.69, for a total transaction of $169,767.18. Following the transaction, the executive vice president now directly owns 18,033 shares of the company’s stock, valued at $355,069.77. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in HPE. Ngam Advisors L.P. increased its position in Hewlett Packard Enterprise by 31.9% in the first quarter. Ngam Advisors L.P. now owns 73,372 shares of the company’s stock worth $1,301,000 after buying an additional 17,732 shares during the last quarter. Columbia Partners L L C Investment Management acquired a new position in Hewlett Packard Enterprise during the first quarter worth approximately $1,178,000. NN Investment Partners Holdings N.V. acquired a new position in Hewlett Packard Enterprise during the first quarter worth approximately $5,065,000. Investec Asset Management North America Inc. increased its position in Hewlett Packard Enterprise by 40.1% in the first quarter. Investec Asset Management North America Inc. now owns 47,610 shares of the company’s stock worth $844,000 after buying an additional 13,633 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in Hewlett Packard Enterprise by 22.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,816 shares of the company’s stock worth $227,000 after buying an additional 2,360 shares during the last quarter. 80.51% of the stock is owned by institutional investors.
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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