Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) have received an average rating of “Hold” from the thirty-two analysts that are covering the stock. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $21.59.
Several research analysts have recently commented on HPE shares. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Monday, July 11th. Credit Suisse Group AG raised their price objective on Hewlett Packard Enterprise from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. Vetr raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.52 price objective on the stock in a research note on Thursday, August 18th. BMO Capital Markets reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Sunday, July 10th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $24.50 price objective on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 20th.
In other Hewlett Packard Enterprise news, Director Ann M. Livermore sold 44,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $22.65, for a total value of $996,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael G. Nefkens sold 107,500 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $22.00, for a total value of $2,365,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
Several large investors have recently modified their holdings of HPE. Macquarie Group Ltd. boosted its stake in shares of Hewlett Packard Enterprise by 33.0% in the second quarter. Macquarie Group Ltd. now owns 885,324 shares of the company’s stock valued at $16,175,000 after buying an additional 219,447 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at $1,226,000. Kentucky Retirement Systems purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at $2,582,000. KAMES CAPITAL plc purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at $676,000. Finally, Mason Street Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at $4,089,000. Institutional investors and hedge funds own 80.51% of the company’s stock.
Hewlett Packard Enterprise (NYSE:HPE) traded up 0.153% during mid-day trading on Wednesday, hitting $22.955. The company’s stock had a trading volume of 3,189,080 shares. Hewlett Packard Enterprise has a 52-week low of $11.63 and a 52-week high of $23.53. The company’s 50 day moving average is $21.99 and its 200-day moving average is $19.11. The stock has a market cap of $38.23 billion and a P/E ratio of 9.577.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The company had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.64 billion. The business’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities analysts predict that Hewlett Packard Enterprise will post $1.92 EPS for the current fiscal 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 dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, October 7th. Hewlett Packard Enterprise’s payout ratio is currently 9.17%.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.
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