Todays Report: Today, Credit Agricole SA Begins Coverage on Hewlett Packard Enterprise Co. (HPE)

Today, Credit Agricole SA Begins Coverage on Hewlett Packard Enterprise Co. (HPE)

Credit Agricole SA began coverage on shares of Hewlett Packard Enterprise Co. (NYSE:HPE) in a research report released on Thursday morning. The firm issued an underperform rating and a $24.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on the company. Barclays PLC reissued an underweight rating and set a $17.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 12th. Susquehanna reissued a neutral rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 12th. Vetr raised Hewlett Packard Enterprise from a buy rating to a strong-buy rating and set a $25.36 price target for the company in a research report on Monday, October 10th. Zacks Investment Research raised Hewlett Packard Enterprise from a hold rating to a buy rating and set a $25.00 price target for the company in a research report on Wednesday, October 5th. Finally, Sanford C. Bernstein reissued an outperform rating and set a $24.50 price target on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $21.60.

Hewlett Packard Enterprise (NYSE:HPE) opened at 21.27 on Thursday. The stock has a market cap of $35.43 billion and a P/E ratio of 8.87. The stock has a 50 day moving average price of $22.19 and a 200-day moving average price of $19.60. Hewlett Packard Enterprise has a 12-month low of $11.62 and a 12-month high of $23.53.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 7th. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.04. The business earned $12.20 billion during the quarter, compared to the consensus estimate of $12.64 billion. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities analysts expect that Hewlett Packard Enterprise will post $1.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 12th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, October 7th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 9.17%.

In related news, EVP Antonio F. Neri sold 11,781 shares of the stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $22.68, for a total value of $267,193.08. Following the completion of the transaction, the executive vice president now directly owns 4,936 shares of the company’s stock, valued at approximately $111,948.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $22.01, for a total value of $2,236,436.10. Following the completion of the transaction, the chief financial officer now directly owns 101,610 shares of the company’s stock, valued at $2,236,436.10. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Hewlett Packard Enterprise during the second quarter worth about $100,000. Citizens Financial Group Inc RI increased its stake in Hewlett Packard Enterprise by 22.6% in the first quarter. Citizens Financial Group Inc RI now owns 5,809 shares of the company’s stock worth $103,000 after buying an additional 1,069 shares during the period. 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 worth $103,000 after buying an additional 2,501 shares during the period. Ropes Wealth Advisors LLC increased its stake in Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock worth $146,000 after buying an additional 195 shares during the period. Finally, Cedar Wealth Management LLC increased its stake in Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock worth $150,000 after buying an additional 1,251 shares during the period. 80.50% of the stock is owned by institutional investors and hedge funds.

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