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).