Hewlett Packard Enterprise’s (HPE) Outperform Rating Reiterated at Sanford C. Bernstein

Sanford C. Bernstein reiterated their outperform rating on shares of Hewlett Packard Enterprise Company (NYSE:HPE) in a report published on Tuesday morning. Sanford C. Bernstein currently has a $18.00 price objective on the technology company’s stock.

Several other analysts have also recently issued reports on HPE. BidaskClub raised Hewlett Packard Enterprise from a sell rating to a hold rating in a report on Monday, August 14th. Loop Capital assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They set a hold rating and a $17.00 price target on the stock. Morgan Stanley restated an equal weight rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, August 18th. Royal Bank Of Canada restated a sector perform rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a report on Monday, September 25th. Finally, Maxim Group restated a hold rating and set a $14.00 price target (down previously from $18.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen 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 target price of $18.42.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS.

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The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is currently 371.48%.

In other news, EVP Christopher P. Hsu sold 15,333 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $17.67, for a total value of $270,934.11. Following the completion of the sale, the executive vice president now directly owns 15,333 shares of the company’s stock, valued at approximately $270,934.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Henry Gomez sold 494,360 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total value of $7,351,133.20. Following the completion of the sale, the executive vice president now directly owns 494,360 shares of the company’s stock, valued at $7,351,133.20. The disclosure for this sale can be found here. Insiders sold a total of 4,060,518 shares of company stock valued at $63,031,467 over the last three months. Company insiders own 0.87% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Achmea Investment Management B.V. raised its stake in Hewlett Packard Enterprise by 7.1% during the 2nd quarter. Achmea Investment Management B.V. now owns 252,431 shares of the technology company’s stock valued at $4,184,000 after acquiring an additional 16,740 shares during the last quarter. WFG Advisors LP raised its stake in Hewlett Packard Enterprise by 15.3% during the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after acquiring an additional 801 shares during the last quarter. Toronto Dominion Bank raised its stake in Hewlett Packard Enterprise by 25.3% during the 2nd quarter. Toronto Dominion Bank now owns 566,943 shares of the technology company’s stock valued at $9,404,000 after acquiring an additional 114,500 shares during the last quarter. Oak Associates Ltd. OH raised its stake in Hewlett Packard Enterprise by 4.4% during the 2nd quarter. Oak Associates Ltd. OH now owns 309,726 shares of the technology company’s stock valued at $5,138,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its stake in Hewlett Packard Enterprise by 6,858.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after acquiring an additional 7,476 shares during the last quarter. 81.33% of the stock is owned by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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