Wells Fargo & Company began coverage on shares of Hewlett Packard Enterprise Company (NYSE:HPE) in a report released on Tuesday. The brokerage issued a market perform rating and a $15.00 price target on the technology company’s stock.
A number of other research firms have also weighed in on HPE. Oppenheimer Holdings, Inc. restated a buy rating and set a $17.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. Barclays PLC upped their target price on Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock an underweight rating in a report on Friday, September 1st. Jefferies Group LLC restated a buy rating and set a $22.00 target price on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Loop Capital began coverage on Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They set a hold rating and a $17.00 target price for the company. Finally, BidaskClub upgraded Hewlett Packard Enterprise from a sell rating to a hold rating in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Hewlett Packard Enterprise currently has a consensus rating of Hold and a consensus target price of $17.49.
Shares of Hewlett Packard Enterprise (HPE) traded up $0.41 during midday trading on Tuesday, reaching $13.68. The company’s stock had a trading volume of 12,896,757 shares, compared to its average volume of 12,095,930. The company has a quick ratio of 1.15, a current ratio of 1.27 and a debt-to-equity ratio of 0.50. Hewlett Packard Enterprise has a 52 week low of $12.97 and a 52 week high of $24.88. The company has a market capitalization of $21,490.00 and a PE ratio of 8.19.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. equities analysts predict that Hewlett Packard Enterprise will post 1.38 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.19%. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio is presently 144.44%.
Hewlett Packard Enterprise announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 249,023 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $13.67, for a total transaction of $3,404,144.41. Following the sale, the chief executive officer now directly owns 1,016,622 shares of the company’s stock, valued at approximately $13,897,222.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Henry Gomez sold 494,360 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $14.87, for a total value of $7,351,133.20. Following the sale, the executive vice president now directly owns 494,360 shares in the company, valued at $7,351,133.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,920,273 shares of company stock worth $41,288,784 over the last ninety days. 0.87% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can boosted its stake in shares of Hewlett Packard Enterprise by 6.0% during the 2nd quarter. Bank of Montreal Can now owns 1,038,061 shares of the technology company’s stock worth $17,221,000 after acquiring an additional 58,608 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Hewlett Packard Enterprise by 55.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,224 shares of the technology company’s stock worth $136,000 after acquiring an additional 2,920 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 29.3% during the 2nd quarter. Eqis Capital Management Inc. now owns 41,368 shares of the technology company’s stock worth $686,000 after acquiring an additional 9,362 shares in the last quarter. CrestPoint Capital Management LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $571,000. Finally, LS Investment Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 17.6% during the 2nd quarter. LS Investment Advisors LLC now owns 63,787 shares of the technology company’s stock worth $1,058,000 after acquiring an additional 9,567 shares in the last quarter. 81.96% of the stock is currently owned by institutional investors.
Hewlett Packard Enterprise Company Profile
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).
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