Hewlett Packard Enterprise Co. (NYSE:HPE) had its price target cut by equities researchers at Jefferies Group to $27.00 in a research note issued to investors on Friday. Jefferies Group’s price objective would suggest a potential upside of 14.65% from the company’s current price.
A number of other brokerages have also recently commented on HPE. Mizuho lifted their price target on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, September 8th. Brean Capital reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 19th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $26.00 price target on shares of Hewlett Packard Enterprise in a research report on Monday, November 7th. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, October 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $26.00 price target (up previously from $24.00) on shares of Hewlett Packard Enterprise in a research report on Friday, September 9th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.80.
Hewlett Packard Enterprise (NYSE:HPE) traded down 2.12% during trading on Friday, hitting $23.05. The stock had a trading volume of 5,877,045 shares. The firm’s 50-day moving average price is $22.45 and its 200-day moving average price is $20.62. The company has a market cap of $38.39 billion and a price-to-earnings ratio of 9.62. Hewlett Packard Enterprise has a 52-week low of $11.62 and a 52-week high of $23.85.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data 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 analysts’ expectations of $12.85 billion. Hewlett Packard Enterprise had a return on equity of 10.38% and a net margin of 6.31%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. Analysts predict that Hewlett Packard Enterprise will post $2.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be issued a dividend of $0.065 per share. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, December 12th. Hewlett Packard Enterprise’s payout ratio is currently 12.02%.
In other news, EVP Christopher P. Hsu sold 4,780 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $23.12, for a total transaction of $110,513.60. Following the transaction, the executive vice president now directly owns 71,219 shares in the company, valued at approximately $1,646,583.28. The sale was disclosed in a legal filing with the SEC, which is available at 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. Insiders own 0.57% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HPE. RWC Asset Management LLP boosted its position in Hewlett Packard Enterprise by 384,836.2% in the third quarter. RWC Asset Management LLP now owns 573,555 shares of the company’s stock worth $13,048,000 after buying an additional 573,406 shares in the last quarter. D.A. Davidson & CO. boosted its position in Hewlett Packard Enterprise by 70.7% in the third quarter. D.A. Davidson & CO. now owns 8,571 shares of the company’s stock worth $194,000 after buying an additional 3,549 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Hewlett Packard Enterprise during the third quarter worth approximately $8,087,000. Cornerstone Capital Management Holdings LLC. boosted its position in Hewlett Packard Enterprise by 0.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 673,247 shares of the company’s stock worth $15,315,000 after buying an additional 3,115 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new position in Hewlett Packard Enterprise during the third quarter worth approximately $10,770,000. Institutional investors and hedge funds own 79.61% of the company’s stock.
About Hewlett Packard Enterprise