Today: Today, Hewlett Packard Enterprise Co. (HPE) gets “Hold” status at Vetr Inc.

Today, Hewlett Packard Enterprise Co. (HPE) gets “Hold” status at Vetr Inc.

Hewlett Packard Enterprise Co. (NYSE:HPE) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Monday. They currently have a $23.99 target price on the stock. Vetr‘s price target points to a potential upside of 3.32% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Monday, July 11th. Credit Suisse Group AG upped their target price on shares of Hewlett Packard Enterprise from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Hewlett Packard Enterprise in a research note on Sunday, October 16th. BMO Capital Markets reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Sunday, July 10th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $24.50 target price on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 20th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have assigned a buy rating to the stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus target price of $22.80.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.61. The firm earned $12.50 billion during 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 company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be given a dividend of $0.065 per share. This is a positive change 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 1.12%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 12.02%.

In related news, CFO Timothy C. Stonesifer sold 101,610 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $22.01, for a total transaction of $2,236,436.10. Following the sale, the chief financial officer now owns 101,610 shares in the company, valued at approximately $2,236,436.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann M. Livermore sold 44,000 shares of the stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $22.65, for a total transaction of $996,600.00. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. HBK Investments L P raised its stake in Hewlett Packard Enterprise by 53.1% in the first quarter. HBK Investments L P now owns 159,519 shares of the company’s stock valued at $2,828,000 after buying an additional 55,305 shares in the last quarter. Citizens Financial Group Inc RI raised its stake in Hewlett Packard Enterprise by 22.6% in the first quarter. Citizens Financial Group Inc RI now owns 5,809 shares of the company’s stock valued at $103,000 after buying an additional 1,069 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Hewlett Packard Enterprise by 477.9% in the first quarter. Nuveen Asset Management LLC now owns 1,003,810 shares of the company’s stock valued at $17,797,000 after buying an additional 830,111 shares in the last quarter. National Pension Service raised its stake in Hewlett Packard Enterprise by 4.2% in the first quarter. National Pension Service now owns 1,034,210 shares of the company’s stock valued at $18,337,000 after buying an additional 41,483 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at about $264,000. Institutional investors and hedge funds 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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