Hewlett Packard Enterprise Company (NYSE: HPE) has recently received a number of price target changes and ratings updates:

  • 6/9/2017 – Hewlett Packard Enterprise Company had its “neutral” rating reaffirmed by analysts at Mizuho.
  • 6/7/2017 – Hewlett Packard Enterprise Company had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $19.00 price target on the stock. They wrote, “We attended HPE Discover, the company’s annual user and partner conference, in Las Vegas this week. Attendance was down this year at nearly 9,000 versus 10,000 attendees in the last two years. Refined focus ex-Services & Software has given management confidence on HPE’s ability to out-innovate larger competitors and capture opportunities like Hybrid IT , Edge Computing, and IoT . We generally view the focus as positive but remain Neutral-rated given secular and competitive pressures facing HPE’s core markets. IR SUMMIT: – F17 guidance. Although there was no change to F17 guidance, management did provide detail on back-end loaded EPS targets. Specifically, the company expects normal year-end seasonality and the previously announced $200-30M cost savings to provide 300-400 bps upside to EG margins by Q4. Around half of the cost savings will be aimed at transitory items (i.e., discretionary tightening) with the remainder focused on more permanent structural realignment (i.e., “right-sizing” recent acquisitions). – EG margins. Despite growth in higher-margin businesses (e.g., 3PAR, Aruba), overall EG margins have continued to decline. Management noted that half of the 300bps decline witnessed in FQ2 was due to DRAM-related pressure (20-25% of server BOM), which could abate with near-term customer pricing traction and medium-term component supply improvements.””
  • 6/5/2017 – Hewlett Packard Enterprise Company was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Hewlett Packard Enterprise offers technology solutions to business and public sector enterprises. The company reported lower-than-expected bottom-line results. Revenues also declined significantly on a year-over-year basis mainly due to reduced server unit sales, decline in software sales, competitive pricing, heightened commodities pricing pressure, unfavorable exchange rates, soft market condition and some execution issues. Nonetheless, we are encouraged by the company’s massive restructuring initiatives. On the one hand, it is offloading low margin business such as Software, which in our opinion will improvise the company’s margins over the long run. On the other hand, it is enhancing its capabilities in the hybrid IT model as evident from the company’s recent agreements to acquire SimpliVity and Cloud Cruiser. We believe that the company’s focus on hybrid IT model will drive growth in the long run.”
  • 6/5/2017 – Hewlett Packard Enterprise Company had its “outperform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $21.00 price target on the stock.
  • 6/3/2017 – Hewlett Packard Enterprise Company had its “outperform” rating reaffirmed by analysts at Credit Suisse Group.
  • 6/3/2017 – Hewlett Packard Enterprise Company had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein.
  • 6/3/2017 – Hewlett Packard Enterprise Company was given a new $17.00 price target on by analysts at Berenberg Bank. They now have a “hold” rating on the stock.
  • 6/1/2017 – Hewlett Packard Enterprise Company had its “hold” rating reaffirmed by analysts at Robert W. Baird.
  • 6/1/2017 – Hewlett Packard Enterprise Company had its “underweight” rating reaffirmed by analysts at Barclays PLC. They now have a $17.00 price target on the stock, down previously from $18.00.
  • 6/1/2017 – Hewlett Packard Enterprise Company had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $18.00 price target on the stock, up previously from $17.00.
  • 6/1/2017 – Hewlett Packard Enterprise Company had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $17.00 price target on the stock, down previously from $20.00.
  • 5/26/2017 – Hewlett Packard Enterprise Company had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $20.00 price target on the stock.
  • 5/23/2017 – Hewlett Packard Enterprise Company had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $21.00 price target on the stock.
  • 5/10/2017 – Hewlett Packard Enterprise Company had its price target lowered by analysts at Barclays PLC from $21.00 to $18.00. They now have an “underweight” rating on the stock.
  • 4/17/2017 – Hewlett Packard Enterprise Company is now covered by analysts at Tigress Financial. They set a “neutral” rating on the stock.
  • 4/17/2017 – Hewlett Packard Enterprise Company was given a new $21.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.

Shares of Hewlett Packard Enterprise Company (NYSE HPE) traded down 0.44% during midday trading on Monday, hitting $16.85. 11,555,260 shares of the stock traded hands. The firm’s 50 day moving average price is $18.44 and its 200 day moving average price is $17.77. Hewlett Packard Enterprise Company has a 12-month low of $12.74 and a 12-month high of $19.16. The company has a market capitalization of $27.74 billion, a PE ratio of 12.77 and a beta of 2.69. Hewlett Packard Enterprise Company also was the target of some unusual options trading on Friday. Traders acquired 15,821 put options on the company. This represents an increase of approximately 346% compared to the average volume of 3,547 put options.

Hewlett Packard Enterprise Company (NYSE:HPE) last posted its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Hewlett Packard Enterprise Company had a return on equity of 9.80% and a net margin of 4.85%. The business had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the prior year, the business earned $0.42 EPS. The firm’s revenue for the quarter was down 22.1% on a year-over-year basis. Analysts expect that Hewlett Packard Enterprise Company will post $1.44 EPS for the current year.

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Monday, June 12th. Hewlett Packard Enterprise Company’s dividend payout ratio (DPR) is presently 20.16%.

In related news, SVP Kirt P. Karros sold 20,344 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $18.90, for a total value of $384,501.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jeff T. Ricci sold 31,695 shares of the stock in a transaction on Monday, April 24th. The shares were sold at an average price of $18.23, for a total value of $577,799.85. Following the completion of the sale, the senior vice president now owns 31,695 shares in the company, valued at approximately $577,799.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 231,154 shares of company stock worth $4,507,382. 0.87% of the stock is owned by company insiders.

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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