Todays Report: Today, BMO Capital Markets Increases Hewlett Packard Enterprise Co. (HPE) Price Target to $27.00

Today, BMO Capital Markets Increases Hewlett Packard Enterprise Co. (HPE) Price Target to $27.00

Hewlett Packard Enterprise Co. (NYSE:HPE) had its price target boosted by research analysts at BMO Capital Markets from $26.00 to $27.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 14.65% from the stock’s previous close.

A number of other equities research analysts have also weighed in on HPE. Vetr lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating and set a $23.99 price objective on the stock. in a report on Monday, November 7th. Wells Fargo & Co. lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating in a report on Thursday, September 8th. Mizuho boosted their price objective on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday. Oppenheimer Holdings Inc. set a $25.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays PLC upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have issued a buy rating to the stock. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $22.80.

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 23.55 on Wednesday. The company has a market capitalization of $39.22 billion and a PE ratio of 9.82. Hewlett Packard Enterprise has a 12-month low of $11.62 and a 12-month high of $23.85. The firm’s 50-day moving average price is $22.45 and its 200-day moving average price is $20.62.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. The firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.85 billion. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. On average, analysts expect that Hewlett Packard Enterprise will post $2.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be paid a $0.065 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, December 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.10%. Hewlett Packard Enterprise’s dividend payout ratio is 12.02%.

In related news, EVP Christopher P. Hsu sold 4,780 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $23.12, for a total transaction of $110,513.60. Following the completion of the transaction, the executive vice president now owns 71,219 shares of the company’s stock, valued at approximately $1,646,583.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 101,610 shares of the company’s stock, valued at approximately $2,236,436.10. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of HPE. Fisher Asset Management LLC boosted its position in Hewlett Packard Enterprise by 8.6% in the second quarter. Fisher Asset Management LLC now owns 11,213 shares of the company’s stock worth $217,000 after buying an additional 886 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Hewlett Packard Enterprise by 315.5% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 18,697 shares of the company’s stock worth $342,000 after buying an additional 14,197 shares during the last quarter. Alpha Windward LLC boosted its position in Hewlett Packard Enterprise by 388.1% in the second quarter. Alpha Windward LLC now owns 20,274 shares of the company’s stock worth $370,000 after buying an additional 16,120 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in Hewlett Packard Enterprise by 2.9% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 430,135 shares of the company’s stock worth $7,859,000 after buying an additional 12,194 shares during the last quarter. Finally, British Columbia Investment Management Corp boosted its position in Hewlett Packard Enterprise by 35.8% in the second quarter. British Columbia Investment Management Corp now owns 1,057,253 shares of the company’s stock worth $19,316,000 after buying an additional 278,701 shares during the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

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