Today, Hewlett Packard Enterprise Co. (HPE) Stock Rating Reaffirm by Barclays PLC

Today, Hewlett Packard Enterprise Co. (HPE) Stock Rating Reaffirm by Barclays PLC

Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “underweight” rating restated by analysts at Barclays PLC in a research report issued to clients and investors on Tuesday.

Other analysts have also issued research reports about the stock. Jefferies Group reaffirmed a “buy” rating and set a $24.25 price target on shares of Hewlett Packard Enterprise in a research report on Monday, August 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price target on shares of Hewlett Packard Enterprise in a research report on Tuesday, August 2nd. Citigroup Inc. raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $20.00 to $25.00 in a research report on Monday, July 25th. They noted that the move was a valuation call. Vetr lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating and set a $24.02 price target on the stock. in a research report on Wednesday, August 17th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.80.

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 23.22 on Tuesday. 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 12 month low of $11.62 and a 12 month high of $23.85. The company has a market cap of $38.67 billion and a PE ratio of 9.69.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The firm had revenue of $12.50 billion for the quarter, compared to analyst estimates 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 for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. Equities research analysts anticipate that Hewlett Packard Enterprise will post $2.06 earnings per share for the current fiscal year.

The business also recently disclosed 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 annualized dividend and a yield of 1.12%. The ex-dividend date 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 currently 12.02%.

In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 43,137 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $22.44, for a total value of $967,994.28. Following the completion of the transaction, the senior vice president now owns 52,221 shares in the company, valued at $1,171,839.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael G. Nefkens sold 107,500 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $22.00, for a total transaction of $2,365,000.00. 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 stock. Schroder Investment Management Group boosted its stake in shares of Hewlett Packard Enterprise by 8.7% in the second quarter. Schroder Investment Management Group now owns 15,209,591 shares of the company’s stock worth $277,880,000 after buying an additional 1,219,364 shares during the last quarter. Hanlon Investment Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 19.2% in the second quarter. Hanlon Investment Management Inc. now owns 276,636 shares of the company’s stock worth $5,054,000 after buying an additional 44,500 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth approximately $37,854,000. California State Teachers Retirement System boosted its stake in shares of Hewlett Packard Enterprise by 0.4% in the second quarter. California State Teachers Retirement System now owns 3,767,029 shares of the company’s stock worth $68,824,000 after buying an additional 16,865 shares during the last quarter. Finally, Whitebox Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth approximately $16,979,000. Institutional investors own 79.61% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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