Trading Report: Today, Hewlett Packard Enterprise Co. (HPE) Earns “Hold” Rating from Robert W. Baird

Today, Hewlett Packard Enterprise Co. (HPE) Earns “Hold” Rating from Robert W. Baird

Robert W. Baird restated their hold rating on shares of Hewlett Packard Enterprise Co. (NYSE:HPE) in a report published on Wednesday morning. The firm currently has a $24.00 target price on the stock, up from their prior target price of $23.00.

HPE has been the topic of a number of other research reports. Needham & Company LLC reissued a buy rating and issued a $24.00 price target (up previously from $22.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, September 8th. Raymond James Financial Inc. upgraded Hewlett Packard Enterprise from a market perform rating to an outperform rating and raised their price objective for the company from $23.60 to $29.00 in a report on Friday, November 18th. Sanford C. Bernstein restated an outperform rating and issued a $24.50 price objective on shares of Hewlett Packard Enterprise in a report on Tuesday, September 20th. Wells Fargo & Co. restated a market perform rating on shares of Hewlett Packard Enterprise in a report on Friday, November 11th. Finally, Oppenheimer Holdings Inc. set a $25.00 price objective on Hewlett Packard Enterprise and gave the company a buy rating in a report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $22.80.

Hewlett Packard Enterprise (NYSE:HPE) opened at 23.34 on Wednesday. Hewlett Packard Enterprise has a 12-month low of $11.62 and a 12-month high of $23.85. The company has a market capitalization of $38.87 billion and a PE ratio of 9.74. The stock has a 50 day moving average of $22.48 and a 200-day moving average of $20.79.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) 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 firm had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.85 billion. During the same quarter last year, the company earned $0.52 EPS. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities analysts expect that Hewlett Packard Enterprise will post $2.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, December 12th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.11%. Hewlett Packard Enterprise’s payout ratio is currently 12.02%.

In other news, EVP John F. Schultz sold 12,555 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $23.46, for a total transaction of $294,540.30. Following the completion of the transaction, the executive vice president now directly owns 79,447 shares of the company’s stock, valued at $1,863,826.62. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the business’s stock in a transaction dated 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 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. Insiders own 0.57% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Ledyard National Bank increased its position 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 worth $100,000 after buying an additional 36 shares during the period. Wedgewood Investors Inc. PA increased its position 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 worth $247,000 after buying an additional 54 shares during the period. Cypress Wealth Advisors LLC increased its position 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 worth $309,000 after buying an additional 70 shares during the period. Haverford Trust Co. increased its position 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 worth $410,000 after buying an additional 175 shares during the period. Finally, Advisor Partners LLC increased its position 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 worth $534,000 after buying an additional 181 shares during the period. 78.37% of the stock is owned by institutional investors and hedge funds.

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