Hewlett Packard Enterprise Co (NYSE:HPE)‘s stock had its “hold” rating reiterated by stock analysts at Stifel Nicolaus in a research note issued to investors on Friday. They currently have a $20.00 price objective on the technology company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 6.21% from the company’s current price.

Several other research firms have also recently issued reports on HPE. BMO Capital Markets reissued a “market perform” rating and issued a $24.00 price target (down previously from $27.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, February 23rd. Needham & Company LLC lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, February 24th. Jefferies Group LLC restated a “buy” rating and issued a $27.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, February 24th. Wells Fargo & Co restated a “market perform” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 24th. Finally, Oppenheimer Holdings Inc. set a $27.00 price objective on Hewlett Packard Enterprise and gave the company a “buy” rating in a report on Friday, February 17th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.83.

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

Hewlett Packard Enterprise (NYSE:HPE) traded down 0.05% on Friday, hitting $18.83. The stock had a trading volume of 13,436,562 shares. The stock has a 50-day moving average of $18.60 and a 200-day moving average of $21.96. The company has a market cap of $31.21 billion, a PE ratio of 10.21 and a beta of 3.05. Hewlett Packard Enterprise has a one year low of $16.97 and a one year high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Hewlett Packard Enterprise had a return on equity of 10.43% and a net margin of 6.31%. The company had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $12.09 billion. During the same quarter in the prior year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. Equities analysts expect that Hewlett Packard Enterprise will post $1.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 1.38%. The ex-dividend date is Monday, June 12th. Hewlett Packard Enterprise’s dividend payout ratio is currently 14.21%.

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In related news, SVP Jeff T. Ricci sold 6,460 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $18.99, for a total value of $122,675.40. Following the completion of the sale, the senior vice president now directly owns 10,352 shares of the company’s stock, valued at approximately $196,584.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael G. Nefkens sold 322,733 shares of the stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $22.64, for a total value of $7,306,675.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,631,648 shares of company stock valued at $35,987,613. Company insiders own 0.87% of the company’s stock.

A number of large investors have recently made changes to their positions in HPE. Park National acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $424,000. Nexus Investment Management acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $6,390,000. Beacon Capital Management acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $0. Tirschwell & Loewy acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $492,000. Finally, Edge Wealth Management acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $452,000. 79.10% of the stock is owned by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

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).

12 Month Chart for NYSE:HPE

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