Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “outperform” rating restated by equities researchers at Sanford C. Bernstein in a research report issued on Friday. They presently have a $24.50 price target on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 5.51% from the company’s previous close.
Several other analysts have also recently issued reports on the company. Credit Suisse Group AG upped their target price on Hewlett Packard Enterprise from $21.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, August 1st. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $25.00 price target on shares of Hewlett Packard Enterprise in a report on Sunday, October 16th. Vetr upgraded Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.52 price target for the company in a report on Thursday, August 18th. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Friday, August 19th. Finally, Wells Fargo & Co. reiterated a “market perform” rating on shares of Hewlett Packard Enterprise in a report on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $22.80.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 1.40% during trading on Friday, reaching $23.22. 10,647,783 shares of the company’s stock were exchanged. Hewlett Packard Enterprise has a 12-month low of $11.62 and a 12-month high of $23.85. The stock has a 50-day moving average price of $22.45 and a 200 day moving average price of $20.67. The company has a market capitalization of $38.67 billion and a P/E ratio of 9.69.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The company 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 firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. Equities analysts expect that Hewlett Packard Enterprise will post $2.06 EPS for the current fiscal year.
The company 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 represents a $0.26 dividend on an annualized basis and a yield of 1.12%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 12.02%.
In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 12,555 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $23.46, for a total value of $294,540.30. Following the sale, the executive vice president now owns 79,447 shares of the company’s stock, valued at approximately $1,863,826.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael G. Nefkens sold 107,500 shares of the stock in a transaction dated Thursday, September 15th. The shares were 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. Corporate insiders own 0.57% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Ledyard National Bank raised 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 worth $100,000 after buying an additional 36 shares in the last quarter. Wedgewood Investors Inc. PA raised its stake in Hewlett Packard Enterprise by 0.5% in the third quarter. Wedgewood Investors Inc. PA now owns 10,864 shares of the company’s stock worth $247,000 after buying an additional 54 shares in the last quarter. Cypress Wealth Advisors LLC raised its stake in Hewlett Packard Enterprise by 0.4% in the second quarter. Cypress Wealth Advisors LLC now owns 16,922 shares of the company’s stock worth $309,000 after buying an additional 70 shares in the last quarter. Haverford Trust Co. raised its stake in Hewlett Packard Enterprise by 0.8% in the second quarter. Haverford Trust Co. now owns 22,425 shares of the company’s stock worth $410,000 after buying an additional 175 shares in the last quarter. Finally, Advisor Partners LLC raised its stake in Hewlett Packard Enterprise by 0.6% in the second quarter. Advisor Partners LLC now owns 29,252 shares of the company’s stock worth $534,000 after buying an additional 181 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors.
Hewlett Packard Enterprise Company Profile