Susquehanna restated their neutral rating on shares of Hewlett Packard Enterprise Co. (NYSE:HPE) in a research note released on Wednesday morning. Susquehanna currently has a $20.00 price objective on the stock.
A number of other analysts have also recently weighed in on HPE. Vetr raised Hewlett Packard Enterprise from a hold rating to a strong-buy rating and set a $23.91 price target for the company in a research report on Tuesday, June 14th. Oppenheimer Holdings Inc. reiterated a buy rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Monday, June 27th. Wells Fargo & Co. reiterated a market perform rating on shares of Hewlett Packard Enterprise in a research note on Saturday, July 2nd. Jefferies Group reiterated a buy rating and issued a $25.50 price objective (up from $24.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 5th. Finally, BMO Capital Markets reiterated a buy rating on shares of Hewlett Packard Enterprise in a research note on Sunday, July 10th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Hewlett Packard Enterprise has an average rating of Hold and a consensus target price of $21.50.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 0.91% during mid-day trading on Wednesday, hitting $21.80. The company had a trading volume of 5,584,762 shares. Hewlett Packard Enterprise has a 12-month low of $11.62 and a 12-month high of $23.53. The firm’s 50 day moving average is $22.21 and its 200-day moving average is $19.50. The firm has a market cap of $36.31 billion and a PE ratio of 9.09.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The company earned $12.20 billion during the quarter, compared to analysts’ expectations of $12.64 billion. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities analysts expect that Hewlett Packard Enterprise will post $1.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 12th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, October 7th. Hewlett Packard Enterprise’s dividend payout ratio is currently 9.17%.
In related news, EVP John F. Schultz sold 316,164 shares of the company’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $22.84, for a total value of $7,221,185.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Antonio F. Neri sold 11,781 shares of the company’s stock in a transaction on Friday, October 7th. The shares were sold at an average price of $22.68, for a total transaction of $267,193.08. Following the completion of the sale, the executive vice president now owns 4,936 shares of the company’s stock, valued at approximately $111,948.48. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new stake in Hewlett Packard Enterprise during the second quarter worth approximately $37,854,000. Samlyn Capital LLC purchased a new position in Hewlett Packard Enterprise during the first quarter worth about $36,722,000. Whitebox Advisors LLC purchased a new position in Hewlett Packard Enterprise during the second quarter worth about $16,979,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Hewlett Packard Enterprise by 8.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 55,270 shares of the company’s stock worth $985,000 after buying an additional 4,307 shares during the period. Finally, PGGM Investments boosted its position in Hewlett Packard Enterprise by 1.1% in the second quarter. PGGM Investments now owns 1,221,837 shares of the company’s stock worth $22,323,000 after buying an additional 13,114 shares during the period. Institutional investors and hedge funds own 80.51% of the company’s stock.
Hewlett Packard Enterprise Company Profile
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).
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