Hewlett Packard Enterprise Co. (HPE) Coverage Initiated by Analysts at Credit Agricole SA
Equities research analysts at Credit Agricole SA started coverage on shares of Hewlett Packard Enterprise Co. (NYSE:HPE) in a note issued to investors on Thursday, The Fly reports. The firm set an “underperform” rating on the stock.
A number of other research firms also recently weighed in on HPE. Wells Fargo & Co. reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Monday, July 11th. Mizuho upped their target price on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, September 8th. BMO Capital Markets restated a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Sunday, July 10th. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, October 5th. Finally, Jefferies Group upped their price objective on Hewlett Packard Enterprise from $24.25 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, September 8th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $21.50.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 1.09% during mid-day trading on Thursday, reaching $21.76. The company had a trading volume of 13,810,990 shares. The company has a market cap of $36.24 billion and a price-to-earnings ratio of 9.08. Hewlett Packard Enterprise has a 52-week low of $11.62 and a 52-week high of $23.53. The firm’s 50-day moving average price is $22.21 and its 200 day moving average price is $19.50.
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Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The firm earned $12.20 billion during the quarter, compared to the consensus estimate of $12.64 billion. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. Hewlett Packard Enterprise’s revenue was down 3.9% on a year-over-year basis. Equities analysts expect that Hewlett Packard Enterprise will post $1.92 EPS for the current year.
The company also recently declared 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. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.22 annualized dividend and a yield of 1.01%. Hewlett Packard Enterprise’s payout ratio is currently 9.17%.
In other Hewlett Packard Enterprise news, EVP Michael G. Nefkens sold 107,500 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robert Youngjohns sold 8,622 shares of the stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $19.69, for a total value of $169,767.18. Following the completion of the transaction, the executive vice president now owns 18,033 shares in the company, valued at approximately $355,069.77. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cypress Wealth Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 0.3% in the first quarter. Cypress Wealth Advisors LLC now owns 16,852 shares of the company’s stock valued at $299,000 after buying an additional 48 shares during the last quarter. Haverford Trust Co. raised its position in Hewlett Packard Enterprise by 0.8% in the second quarter. Haverford Trust Co. now owns 22,425 shares of the company’s stock worth $410,000 after buying an additional 175 shares in the last quarter. Advisor Partners LLC raised its position in Hewlett Packard Enterprise by 0.6% in the second quarter. Advisor Partners LLC now owns 29,252 shares of the company’s stock worth $534,000 after buying an additional 181 shares in the last quarter. Ropes Wealth Advisors LLC raised 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, Tiemann Investment Advisors LLC raised its position in Hewlett Packard Enterprise by 1.5% in the second quarter. Tiemann Investment Advisors LLC now owns 13,415 shares of the company’s stock worth $245,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds 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).
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