Today: Today, Hewlett Packard Enterprise Co. (HPE) Given “Outperform” Rating at Sanford C. Bernstein

Today, Hewlett Packard Enterprise Co. (HPE) Given “Outperform” Rating at Sanford C. Bernstein

Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “outperform” rating restated by analysts at Sanford C. Bernstein in a report issued on Friday. They presently have a $24.50 price target on the stock. Sanford C. Bernstein’s price target points to a potential upside of 5.51% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Vetr upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.36 target price on the stock in a research report on Tuesday, October 4th. Oppenheimer Holdings Inc. set a $25.00 target price on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a research report on Monday, November 14th. Barclays PLC restated an “underweight” rating and set a $17.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 12th. FBN Securities restated an “outperform” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, September 8th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, October 5th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have issued a buy rating to the stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $22.80.

Hewlett Packard Enterprise (NYSE:HPE) traded down 1.40% during midday trading on Friday, reaching $23.22. 10,647,783 shares of the company’s stock traded hands. The company has a market capitalization of $38.67 billion and a price-to-earnings ratio of 9.69. Hewlett Packard Enterprise has a 1-year low of $11.62 and a 1-year high of $23.85. The firm’s 50-day moving average is $22.45 and its 200-day moving average is $20.67.

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, hitting the consensus estimate of $0.61. The business earned $12.50 billion during the quarter, compared to the consensus estimate 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 was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. 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. 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 yield of 1.12%. The ex-dividend date of this dividend is Monday, December 12th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s dividend payout ratio is 12.02%.

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 12,555 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $23.46, for a total value of $294,540.30. Following the completion of the sale, the executive vice president now owns 79,447 shares of the company’s stock, valued at $1,863,826.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher P. Hsu sold 4,780 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were 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 disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

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

Hewlett Packard Enterprise Company Profile

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