Hewlett Packard Enterprise Co (HPE) Rating Reiterated by Stifel Nicolaus
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.
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).
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