Today: Deutsche Bank AG Boosts Hewlett Packard Enterprise Co. (HPE) Price Target to $26.00

Today: Deutsche Bank AG Boosts Hewlett Packard Enterprise Co. (HPE) Price Target to $26.00

Hewlett Packard Enterprise Co. (NYSE:HPE) had its price objective raised by Deutsche Bank AG from $24.00 to $26.00 in a research report report published on Wednesday. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on HPE. Mizuho raised their price target on shares of Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a neutral rating in a report on Thursday, September 8th. Brean Capital restated a hold rating on shares of Hewlett Packard Enterprise in a report on Wednesday, October 19th. Credit Suisse Group AG restated a buy rating and issued a $26.00 price target on shares of Hewlett Packard Enterprise in a report on Monday, November 7th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a hold rating to a buy rating and set a $25.00 price target on the stock in a report on Wednesday, October 5th. Finally, BMO Capital Markets restated an outperform rating and issued a $26.00 price target (up from $24.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $22.80.

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 23.22 on Wednesday. The stock has a market capitalization of $38.67 billion and a PE ratio of 9.69. Hewlett Packard Enterprise has a one year low of $11.62 and a one year high of $23.85. The firm’s 50-day moving average is $22.45 and its 200-day moving average is $20.67.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The business had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.85 billion. During the same period last year, the business earned $0.52 EPS. The company’s revenue was down 7.2% compared to the same quarter last year. On average, analysts expect that Hewlett Packard Enterprise will post $2.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Monday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s payout ratio is 12.02%.

In other Hewlett Packard Enterprise news, CFO Timothy C. Stonesifer sold 101,610 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 16th. The shares were sold at an average price of $22.01, for a total transaction of $2,236,436.10. Following the sale, the chief financial officer now owns 101,610 shares of the company’s stock, valued at approximately $2,236,436.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael G. Nefkens sold 107,500 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, September 15th. The stock was 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. Company insiders own 0.57% of the company’s stock.

Large investors have recently made changes to their positions in the company. Ledyard National Bank boosted its stake in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock valued at $100,000 after buying an additional 36 shares during the period. Wedgewood Investors Inc. PA boosted its stake in shares of Hewlett Packard Enterprise by 0.5% in the third quarter. Wedgewood Investors Inc. PA now owns 10,864 shares of the company’s stock valued at $247,000 after buying an additional 54 shares during the period. Cypress Wealth Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 0.4% in the second quarter. Cypress Wealth Advisors LLC now owns 16,922 shares of the company’s stock valued at $309,000 after buying an additional 70 shares during the period. Haverford Trust Co. boosted its stake in shares of Hewlett Packard Enterprise by 0.8% in the second quarter. Haverford Trust Co. now owns 22,425 shares of the company’s stock valued at $410,000 after buying an additional 175 shares during the period. Finally, Advisor Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 0.6% in the second quarter. Advisor Partners LLC now owns 29,252 shares of the company’s stock valued at $534,000 after buying an additional 181 shares during the period. 78.37% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Company Profile

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