Todays Report: Today, Hewlett Packard Enterprise Co. (HPE) Upgrade to Buy by Vetr Inc.

Today, Hewlett Packard Enterprise Co. (HPE) Upgrade to Buy by Vetr Inc.

Vetr upgraded shares of Hewlett Packard Enterprise Co. (NYSE:HPE) from a hold rating to a buy rating in a research note released on Monday. Vetr currently has $25.66 price target on the stock.

HPE has been the subject of a number of other reports. Needham & Company LLC reaffirmed a buy rating and issued a $24.00 price objective (up from $22.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, September 8th. Citigroup Inc. raised Hewlett Packard Enterprise from a neutral rating to a buy rating and boosted their target price for the stock from $20.00 to $25.00 in a research note on Monday, July 25th. They noted that the move was a valuation call. Robert W. Baird reissued a hold rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 19th. Raymond James Financial Inc. raised Hewlett Packard Enterprise from a market perform rating to an outperform rating and boosted their target price for the stock from $23.60 to $29.00 in a research note on Friday, November 18th. Finally, Sanford C. Bernstein reissued an outperform rating and set a $24.50 target price on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $22.80.

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 23.55 on Monday. The stock has a market capitalization of $39.22 billion and a PE ratio of 9.82. The firm has a 50-day moving average price of $22.45 and a 200-day moving average price of $20.62. Hewlett Packard Enterprise has a 1-year low of $11.62 and a 1-year high of $23.85.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be given a dividend of $0.065 per share. 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 yield of 1.10%. Hewlett Packard Enterprise’s payout ratio is presently 12.02%.

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 12,555 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $23.46, for a total transaction of $294,540.30. Following the transaction, the executive vice president now owns 79,447 shares in the company, valued at approximately $1,863,826.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael G. Nefkens sold 107,500 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was 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.

Institutional investors have recently added to or reduced their stakes in the company. OZ Management LP boosted its stake in Hewlett Packard Enterprise by 212.4% in the third quarter. OZ Management LP now owns 8,391,778 shares of the company’s stock worth $190,913,000 after buying an additional 5,705,284 shares in the last quarter. Empyrean Capital Partners LP purchased a new stake in Hewlett Packard Enterprise during the third quarter worth $113,771,000. UBS Asset Management Americas Inc. boosted its stake in Hewlett Packard Enterprise by 80.5% in the second quarter. UBS Asset Management Americas Inc. now owns 9,764,375 shares of the company’s stock worth $178,395,000 after buying an additional 4,354,541 shares in the last quarter. Marshall Wace LLP boosted its stake in Hewlett Packard Enterprise by 282.2% in the second quarter. Marshall Wace LLP now owns 4,684,407 shares of the company’s stock worth $85,584,000 after buying an additional 3,458,745 shares in the last quarter. Finally, MD Sass Investors Services Inc. purchased a new stake in Hewlett Packard Enterprise during the second quarter worth $55,797,000. Institutional investors own 79.61% of the company’s stock.

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).

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