Hewlett Packard Enterprise (HPE) PT Set at $18.00 by Oppenheimer

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Oppenheimer set a $18.00 price target on Hewlett Packard Enterprise (NYSE:HPE) in a research report sent to investors on Wednesday. The firm currently has a buy rating on the technology company’s stock. Oppenheimer also issued estimates for Hewlett Packard Enterprise’s Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.43 EPS, FY2019 earnings at $1.54 EPS and FY2020 earnings at $1.73 EPS.

A number of other equities research analysts also recently commented on HPE. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an outperform rating to a market perform rating and dropped their price objective for the company from $20.00 to $18.00 in a report on Tuesday, August 21st. Maxim Group reiterated a hold rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, August 29th. Deutsche Bank upped their price objective on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a buy rating in a report on Wednesday, August 29th. BMO Capital Markets dropped their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set a market perform rating for the company in a report on Wednesday, August 29th. Finally, Raymond James dropped their price objective on Hewlett Packard Enterprise from $24.00 to $21.00 and set an outperform rating for the company in a report on Wednesday, August 29th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $18.36.

HPE stock opened at $14.71 on Wednesday. The firm has a market cap of $23.58 billion, a PE ratio of 9.43, a PEG ratio of 0.93 and a beta of 1.58. Hewlett Packard Enterprise has a twelve month low of $14.22 and a twelve month high of $19.48. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 0.48.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $7.95 billion during the quarter, compared to the consensus estimate of $7.84 billion. Hewlett Packard Enterprise had a return on equity of 10.44% and a net margin of 6.18%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, equities research analysts predict that Hewlett Packard Enterprise will post 1.57 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be paid a $0.1125 dividend. The ex-dividend date is Tuesday, December 11th. This represents a $0.45 dividend on an annualized basis and a yield of 3.06%. Hewlett Packard Enterprise’s payout ratio is 28.85%.

In other Hewlett Packard Enterprise news, insider Antonio F. Neri sold 82,893 shares of the business’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $17.00, for a total value of $1,409,181.00. Following the completion of the transaction, the insider now directly owns 87,828 shares of the company’s stock, valued at $1,493,076. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Keerti Melkote sold 102,284 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total value of $1,630,406.96. Following the completion of the transaction, the insider now directly owns 102,284 shares of the company’s stock, valued at $1,630,406.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 664,319 shares of company stock valued at $10,978,971. Insiders own 1.18% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Marshall Wace North America L.P. grew its stake in Hewlett Packard Enterprise by 197.1% in the third quarter. Marshall Wace North America L.P. now owns 61,800 shares of the technology company’s stock valued at $1,008,000 after acquiring an additional 41,000 shares during the period. Legal & General Group Plc grew its stake in Hewlett Packard Enterprise by 0.7% in the third quarter. Legal & General Group Plc now owns 8,301,473 shares of the technology company’s stock valued at $135,376,000 after acquiring an additional 54,050 shares during the period. Rehmann Capital Advisory Group grew its stake in Hewlett Packard Enterprise by 1,407.6% in the third quarter. Rehmann Capital Advisory Group now owns 144,086 shares of the technology company’s stock valued at $8,834,000 after acquiring an additional 134,529 shares during the period. Csenge Advisory Group acquired a new position in Hewlett Packard Enterprise in the third quarter valued at about $570,000. Finally, Nordea Investment Management AB grew its stake in Hewlett Packard Enterprise by 8.1% in the third quarter. Nordea Investment Management AB now owns 758,347 shares of the technology company’s stock valued at $12,367,000 after acquiring an additional 56,891 shares during the period. 78.92% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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