Today: Today, Hewlett Packard Enterprise Co. (HPE) Upgraded to “Buy” at Vetr Inc.

Today, Hewlett Packard Enterprise Co. (HPE) Upgraded to “Buy” at Vetr Inc.

Hewlett Packard Enterprise Co. (NYSE:HPE) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage presently has a $25.66 price objective on the stock. Vetr‘s price objective suggests a potential upside of 8.96% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Jefferies Group reiterated a “buy” rating and set a $24.25 price objective on shares of Hewlett Packard Enterprise in a report on Monday, August 15th. Needham & Company LLC reiterated a “buy” rating and set a $22.00 price objective on shares of Hewlett Packard Enterprise in a report on Tuesday, August 2nd. Citigroup Inc. upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $25.00 in a report on Monday, July 25th. They noted that the move was a valuation call. Deutsche Bank AG lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, September 8th. Finally, Oppenheimer Holdings Inc. set a $25.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a report on Thursday, September 8th. 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 company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average target price of $22.80.

Hewlett Packard Enterprise (NYSE:HPE) traded down 1.40% on Monday, reaching $23.22. 10,647,783 shares of the company’s stock traded hands. The company’s 50 day moving average is $22.45 and its 200-day moving average is $20.62. The stock has a market cap of $38.67 billion and a price-to-earnings ratio of 9.69. 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 issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 net margin of 6.31% and a return on equity of 10.38%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. Equities analysts expect that Hewlett Packard Enterprise will post $2.06 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Monday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s payout ratio is currently 12.02%.

In other Hewlett Packard Enterprise news, EVP Christopher P. Hsu sold 4,780 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $23.12, for a total value of $110,513.60. Following the completion of the transaction, the executive vice president now owns 71,219 shares of the company’s stock, valued at approximately $1,646,583.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the transaction, the executive vice president now directly owns 79,447 shares of the company’s stock, valued at approximately $1,863,826.62. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. boosted its position in Hewlett Packard Enterprise by 0.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 44,505,637 shares of the company’s stock worth $813,118,000 after buying an additional 329,761 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Hewlett Packard Enterprise by 8.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 27,055,545 shares of the company’s stock worth $494,305,000 after buying an additional 2,126,559 shares in the last quarter. FMR LLC boosted its position in Hewlett Packard Enterprise by 7.0% in the second quarter. FMR LLC now owns 24,762,003 shares of the company’s stock worth $452,402,000 after buying an additional 1,609,232 shares in the last quarter. BlackRock Fund Advisors boosted its position in Hewlett Packard Enterprise by 4.6% in the third quarter. BlackRock Fund Advisors now owns 20,919,461 shares of the company’s stock worth $475,918,000 after buying an additional 915,768 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Hewlett Packard Enterprise by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 17,657,453 shares of the company’s stock worth $322,571,000 after buying an additional 60,125 shares in the last quarter. 79.61% of the stock is owned by institutional investors and hedge funds.

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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