Today, Hewlett Packard Enterprise Co. (HPE) Given a $20.00 Price Target by Susquehanna Analysts

Today, Hewlett Packard Enterprise Co. (HPE) Given a $20.00 Price Target by Susquehanna Analysts
Hewlett Packard Enterprise Co. (NYSE:HPE) has been assigned a $20.00 target price by equities researchers at Susquehanna in a report issued on Thursday. The firm currently has a “hold” rating on the stock. Susquehanna’s target price would suggest a potential downside of 13.87% from the stock’s previous close.

Several other equities analysts also recently weighed in on HPE. Credit Suisse Group AG increased their price target on shares of Hewlett Packard Enterprise from $21.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price objective on shares of Hewlett Packard Enterprise in a research note on Tuesday, August 2nd. Jefferies Group reaffirmed a “buy” rating and set a $24.25 price objective on shares of Hewlett Packard Enterprise in a research note on Monday, August 15th. Raymond James Financial Inc. started coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 17th. They set a “market perform” rating and a $22.07 price objective on the stock. Finally, Vetr cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating and set a $24.02 price objective on the stock. in a research note on Wednesday, August 17th. Two equities 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 presently has a consensus rating of “Hold” and an average price target of $22.80.

Hewlett Packard Enterprise (NYSE:HPE) traded down 1.40% during midday trading on Thursday, reaching $23.22. 10,647,783 shares of the company were exchanged. The firm’s 50 day moving average price is $22.45 and its 200-day moving average price is $20.67. Hewlett Packard Enterprise has a 52 week low of $11.62 and a 52 week high of $23.85. The stock has a market capitalization of $38.67 billion and a P/E ratio of 9.69.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.85 billion. During the same quarter in the prior year, the company earned $0.52 EPS. Hewlett Packard Enterprise’s quarterly revenue was down 7.2% on a year-over-year basis. Equities analysts forecast that Hewlett Packard Enterprise will post $2.06 EPS for the current fiscal year.

The firm also recently disclosed 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 represents a $0.26 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 12.02%.

In related news, EVP Christopher P. Hsu sold 4,780 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $23.12, for a total transaction of $110,513.60. Following the completion of the sale, the executive vice president now directly owns 71,219 shares of the company’s stock, valued at approximately $1,646,583.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $22.01, for a total value of $2,236,436.10. Following the sale, the chief financial officer now directly owns 101,610 shares of the company’s stock, valued at $2,236,436.10. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Hewlett Packard Enterprise during the second quarter valued at $100,000. Ledyard National Bank increased its position in Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock valued at $100,000 after buying an additional 36 shares in the last quarter. MCF Advisors LLC increased its position in Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock valued at $103,000 after buying an additional 2,501 shares in the last quarter. Kernodle & Katon Asset Management Group LLC purchased a new position in Hewlett Packard Enterprise during the third quarter valued at $103,000. Finally, Bronfman E.L. Rothschild L.P. increased its position in Hewlett Packard Enterprise by 10.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,739 shares of the company’s stock valued at $108,000 after buying an additional 441 shares in the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

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