Barclays PLC reaffirmed their underweight rating on shares of Hewlett Packard Enterprise Co. (NYSE:HPE) in a research note published on Wednesday. They currently have a $17.00 target price on the stock.
HPE has been the subject of several other research reports. Citigroup Inc. upgraded 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 research report on Monday, July 25th. They noted that the move was a valuation call. Needham & Company LLC reaffirmed a buy rating and set a $24.00 price objective (up from $22.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, September 8th. Sanford C. Bernstein reaffirmed an outperform rating and set a $24.50 price objective on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 20th. Raymond James Financial Inc. started coverage on Hewlett Packard Enterprise in a research note on Wednesday, August 17th. They set a market perform rating and a $22.07 price objective for the company. Finally, Oppenheimer Holdings Inc. set a $25.00 target price on Hewlett Packard Enterprise and gave the company a buy rating in a research note on Thursday, September 8th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, fourteen have given a buy rating and one has issued 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 21.53 on Wednesday. The company’s 50 day moving average is $22.20 and its 200 day moving average is $19.55. The company has a market cap of $35.86 billion and a price-to-earnings ratio of 8.98. Hewlett Packard Enterprise has a 1-year low of $11.62 and a 1-year high of $23.53.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 7th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ 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 business’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts forecast that Hewlett Packard Enterprise will post $1.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, October 7th. Hewlett Packard Enterprise’s dividend payout ratio is presently 9.17%.
In related news, COO Christopher P. Hsu sold 31,193 shares of the 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 completion of the transaction, the chief operating officer now directly owns 31,192 shares of the company’s stock, valued at $686,535.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $22.01, for a total transaction 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 currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Hewlett Packard Enterprise during the second quarter worth about $100,000. MCF Advisors LLC boosted 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 last quarter. Citizens Financial Group Inc RI boosted 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 last quarter. Independent Portfolio Consultants Inc. boosted its stake in Hewlett Packard Enterprise by 308.9% in the third quarter. Independent Portfolio Consultants Inc. now owns 6,665 shares of the company’s stock worth $152,000 after buying an additional 5,035 shares during the last quarter. Finally, Ropes Wealth Advisors LLC boosted 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 last quarter. 80.50% of the stock is owned by institutional investors.
About Hewlett Packard Enterprise