Hewlett Packard Enterprise Co. (NYSE:HPE) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Wednesday. They currently have a $25.21 target price on the stock. Vetr‘s target price indicates a potential upside of 8.48% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Macquarie reiterated a “buy” rating and issued a $22.00 price objective on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 24th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, May 24th. Cross Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. Needham & Company LLC upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, May 25th. Finally, Jefferies Group lifted their price objective on shares of Hewlett Packard Enterprise from $19.50 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, May 25th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.03.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 23.24 on Wednesday. The firm’s 50-day moving average is $21.89 and its 200 day moving average is $18.91. The company has a market capitalization of $38.71 billion and a price-to-earnings ratio of 9.70. Hewlett Packard Enterprise has a 52-week low of $11.62 and a 52-week high of $23.53.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The firm earned $12.20 billion during the quarter, compared to analyst estimates of $12.64 billion. The business’s revenue was down 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Hewlett Packard Enterprise will post $1.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 12th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, October 7th. Hewlett Packard Enterprise’s dividend payout ratio is currently 9.17%.
In other news, EVP Robert Youngjohns sold 8,622 shares of the company’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $19.69, for a total transaction of $169,767.18. Following the sale, the executive vice president now directly owns 18,033 shares in the company, valued at $355,069.77. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ann M. Livermore sold 44,000 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $22.65, for a total value of $996,600.00. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Badgley Phelps & Bell Inc. boosted its stake in shares of Hewlett Packard Enterprise by 139.9% in the first quarter. Badgley Phelps & Bell Inc. now owns 370,456 shares of the company’s stock valued at $6,568,000 after buying an additional 216,017 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Hewlett Packard Enterprise by 3.6% in the first quarter. IFP Advisors Inc now owns 20,674 shares of the company’s stock valued at $367,000 after buying an additional 712 shares in the last quarter. Torray LLC boosted its position in Hewlett Packard Enterprise by 36.2% in the first quarter. Torray LLC now owns 550,920 shares of the company’s stock valued at $9,768,000 after buying an additional 146,480 shares during the period. Patton Albertson Miller Group LLC bought a new position in Hewlett Packard Enterprise during the first quarter valued at $377,000. Finally, Sound Shore Management Inc. CT bought a new position in Hewlett Packard Enterprise during the first quarter valued at $114,704,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.
About Hewlett Packard Enterprise
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.
To view Vetr’s full report, visit Vetr’s official website.
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