Hewlett Packard Enterprise Company (NYSE:HPE) has been assigned a consensus recommendation of “Hold” from the thirty-five ratings firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.87.

HPE has been the topic of several recent analyst reports. Maxim Group reiterated a “hold” rating and set a $14.00 price objective (down from $18.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. Royal Bank Of Canada lowered their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “sector perform” rating for the company in a report on Wednesday, September 6th. BMO Capital Markets restated a “market perform” rating and issued a $15.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. BidaskClub raised shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 389,668 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the sale, the chief executive officer now directly owns 962,433 shares in the company, valued at approximately $17,150,556.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Margaret C. Whitman sold 194,844 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $16.73, for a total value of $3,259,740.12. Following the completion of the transaction, the chief executive officer now directly owns 865,021 shares in the company, valued at $14,471,801.33. The disclosure for this sale can be found here. Insiders sold 4,255,362 shares of company stock valued at $66,291,207 in the last three months. 0.87% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Hewlett Packard Enterprise by 2,713.7% during the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after buying an additional 95,915,907 shares in the last quarter. Dodge & Cox increased its stake in shares of Hewlett Packard Enterprise by 12.2% in the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after buying an additional 25,852,541 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Hewlett Packard Enterprise by 32.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after buying an additional 16,592,308 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Hewlett Packard Enterprise by 145.3% in the second quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock worth $170,315,000 after buying an additional 6,081,628 shares during the last quarter. Finally, Primecap Management Co. CA increased its stake in shares of Hewlett Packard Enterprise by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after buying an additional 5,394,147 shares during the last quarter. Institutional investors own 81.34% of the company’s stock.

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Shares of Hewlett Packard Enterprise (HPE) opened at 14.69 on Wednesday. The stock has a market capitalization of $23.79 billion, a PE ratio of 204.03 and a beta of 2.72. The firm has a 50-day moving average price of $13.88 and a 200 day moving average price of $13.77. Hewlett Packard Enterprise has a one year low of $12.26 and a one year high of $15.12.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. On average, equities analysts expect that Hewlett Packard Enterprise will post $1.40 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 371.48%.

Hewlett Packard Enterprise Company Profile

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).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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