Hewlett Packard Enterprise Co. (HPE) Stock Rating Reaffirmed by Susquehanna
Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “neutral” rating reiterated by stock analysts at Susquehanna in a report issued on Wednesday. They presently have a $20.00 target price on the stock. Susquehanna’s price objective would suggest a potential downside of 9.01% from the company’s previous close.
A number of other equities research analysts have also commented on HPE. Vetr upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating and set a $23.91 target price on the stock in a research report on Tuesday, June 14th. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Monday, June 27th. Wells Fargo & Co. reiterated a “market perform” rating on shares of Hewlett Packard Enterprise in a research report on Saturday, July 2nd. Jefferies Group reiterated a “buy” rating and issued a $25.50 target price (up previously from $24.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 5th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Sunday, July 10th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.50.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded up 0.32% during midday trading on Wednesday, reaching $22.05. 4,110,129 shares of the company’s stock were exchanged. The stock has a market cap of $36.73 billion and a P/E ratio of 9.20. Hewlett Packard Enterprise has a one year low of $11.62 and a one year high of $23.53. The company’s 50-day moving average is $22.21 and its 200-day moving average is $19.49.
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Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 7th. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.04. The firm had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.64 billion. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Equities analysts expect that Hewlett Packard Enterprise will post $1.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, October 7th. Hewlett Packard Enterprise’s payout ratio is currently 9.17%.
In other news, EVP Robert Youngjohns sold 8,622 shares of the stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $19.69, for a total transaction of $169,767.18. Following the completion of the transaction, the executive vice president now directly owns 18,033 shares in the company, valued at approximately $355,069.77. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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. 0.57% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Hewlett Packard Enterprise during the second quarter worth $100,000. Citizens Financial Group Inc RI boosted its position in 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 in the last quarter. MCF Advisors LLC boosted its position in 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 in the last quarter. Ropes Wealth Advisors LLC boosted its position in 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 in the last quarter. Finally, Cedar Wealth Management LLC boosted its position in 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 in the last quarter. Institutional investors and hedge funds own 80.51% of the company’s stock.
About Hewlett Packard Enterprise
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).
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