Hewlett Packard Enterprise Co. (HPE) Upgraded to “Strong-Buy” at Vetr Inc.
Hewlett Packard Enterprise Co. (NYSE:HPE) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday. The firm currently has a $25.36 price target on the stock. Vetr‘s target price suggests a potential upside of 13.52% from the stock’s previous close.
A number of other analysts have also recently commented on the company. 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 upped their price target on Hewlett Packard Enterprise from $21.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. BMO Capital Markets reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Sunday, July 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $24.50 price target on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 20th. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $21.33.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 1.26% during trading on Tuesday, reaching $22.34. 9,363,568 shares of the company traded hands. Hewlett Packard Enterprise has a 12 month low of $11.62 and a 12 month high of $23.53. The stock’s 50 day moving average price is $22.19 and its 200-day moving average price is $19.40. The stock has a market cap of $37.21 billion and a P/E ratio of 9.32.
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Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The company earned $12.20 billion during the quarter, compared to analysts’ expectations of $12.64 billion. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities research analysts expect that Hewlett Packard Enterprise will post $1.92 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, October 7th. Hewlett Packard Enterprise’s payout ratio is 9.17%.
In other Hewlett Packard Enterprise news, CFO Timothy C. Stonesifer sold 101,610 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $22.01, for a total transaction of $2,236,436.10. Following the transaction, the chief financial officer now owns 101,610 shares in the company, valued at approximately $2,236,436.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael G. Nefkens sold 107,500 shares of the 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. Company insiders own 0.57% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Hewlett Packard Enterprise during the second quarter valued at $100,000. Citizens Financial Group Inc RI boosted its position in shares of Hewlett Packard Enterprise by 22.6% in the first quarter. Citizens Financial Group Inc RI now owns 5,809 shares of the company’s stock worth $103,000 after buying an additional 1,069 shares during the last quarter. MCF Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock worth $103,000 after buying an additional 2,501 shares during the last quarter. Ropes Wealth Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock worth $146,000 after buying an additional 195 shares during the last quarter. Finally, Cedar Wealth Management LLC boosted its position in shares of Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock worth $150,000 after buying an additional 1,251 shares during the last quarter. Hedge funds and other institutional investors own 80.51% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
To view Vetr’s full report, visit Vetr’s official website.
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