Hewlett Packard Enterprise’s (HPE) Hold Rating Reaffirmed at Robert W. Baird
Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “hold” rating reiterated by investment analysts at Robert W. Baird in a research note issued to investors on Wednesday.
Several other analysts have also issued reports on HPE. Jefferies Group reissued a “buy” rating and set a $25.50 price target (up previously from $24.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, July 5th. Wells Fargo & Co. lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating in a report on Thursday, September 8th. Oppenheimer Holdings Inc. boosted their price target on Hewlett Packard Enterprise from $21.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, July 14th. Barclays PLC boosted their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, September 8th. Finally, Mizuho boosted their price target on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, September 8th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Hewlett Packard Enterprise has an average rating of “Hold” and a consensus target price of $21.60.
Hewlett Packard Enterprise (NYSE:HPE) opened at 21.47 on Wednesday. The stock has a market capitalization of $35.76 billion and a PE ratio of 8.96. 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 price is $22.18 and its 200-day moving average price is $19.62.
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Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.04. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The business earned $12.20 billion during the quarter, compared to analyst estimates of $12.64 billion. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. Analysts expect that Hewlett Packard Enterprise will post $1.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 12th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.22 dividend on an annualized basis and a yield of 1.02%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 9.17%.
In related news, EVP Antonio F. Neri sold 11,781 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $22.68, for a total transaction of $267,193.08. Following the sale, the executive vice president now owns 4,936 shares in the company, valued at $111,948.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael G. Nefkens sold 107,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $22.00, for a total transaction of $2,365,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
A number of hedge funds have recently made changes to their positions in HPE. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth about $100,000. MCF Advisors LLC raised its stake 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 period. Citizens Financial Group Inc RI raised its stake 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 period. Independent Portfolio Consultants Inc. raised its stake in shares of Hewlett Packard Enterprise by 308.9% in the third quarter. Independent Portfolio Consultants Inc. now owns 6,665 shares of the company’s stock worth $152,000 after buying an additional 5,035 shares during the period. Finally, Ropes Wealth Advisors LLC raised its stake 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 period. Hedge funds and other institutional investors own 80.50% 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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