Hewlett Packard Enterprise Co. (NYSE:HPE) had its price objective reduced by Jefferies Group to $27.00 in a research report issued on Friday. Jefferies Group’s price objective points to a potential upside of 14.65% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and issued a $24.00 price target (up previously from $22.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, September 8th. Vetr lowered 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. Deutsche Bank AG increased their price objective on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Oppenheimer Holdings Inc. set a $25.00 price objective on Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Thursday, September 8th. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, October 5th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $22.80.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 1.95% during mid-day trading on Friday, reaching $23.09. 4,618,551 shares of the company traded hands. Hewlett Packard Enterprise has a 52-week low of $11.62 and a 52-week high of $23.85. The company’s 50 day moving average is $22.45 and its 200 day moving average is $20.62. The stock has a market capitalization of $38.46 billion and a price-to-earnings ratio of 9.63.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. Hewlett Packard Enterprise had a return on equity of 10.38% and a net margin of 6.31%. The business earned $12.50 billion during the quarter, compared to analysts’ expectations of $12.85 billion. During the same quarter last year, the business posted $0.52 earnings per share. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, equities analysts forecast that Hewlett Packard Enterprise will post $2.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be issued a dividend of $0.065 per share. This is an increase 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 is Monday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 12.02%.
In related news, EVP Michael G. Nefkens sold 107,500 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $22.00, for a total transaction of $2,365,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Christopher P. Hsu sold 31,193 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $22.01, for a total value of $686,557.93. Following the sale, the chief operating officer now owns 31,192 shares in the company, valued at $686,535.92. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $100,000. Ledyard National Bank increased its stake 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 stake 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 acquired a new stake in Hewlett Packard Enterprise during the third quarter valued at about $103,000. Finally, Bronfman E.L. Rothschild L.P. increased its stake 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. Institutional investors and hedge funds own 79.61% of the company’s stock.
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