Today, Hewlett Packard Enterprise Co. (HPE) Earns Underweight Rating from Barclays PLC

Today, Hewlett Packard Enterprise Co. (HPE) Earns Underweight Rating from Barclays PLC

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.

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