Hewlett Packard Enterprise Company (NYSE:HPE) has been assigned a $27.00 price objective by investment analysts at Oppenheimer Holdings, Inc. in a research report issued on Friday. The firm presently has a “buy” rating on the stock. Oppenheimer Holdings, Inc.’s target price would indicate a potential upside of 10.97% from the stock’s previous close.
Several other brokerages have also recently issued reports on HPE. Raymond James Financial, Inc. upgraded Hewlett Packard Enterprise Company from a “market perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Wednesday, December 7th. Vetr cut Hewlett Packard Enterprise Company from a “strong-buy” rating to a “buy” rating and set a $27.33 price target on the stock. in a research report on Wednesday, December 7th. Needham & Company LLC reissued a “buy” rating and set a $26.00 price objective on shares of Hewlett Packard Enterprise Company in a research note on Friday, December 9th. OTR Global raised Hewlett Packard Enterprise Company to a “positive” rating in a research note on Wednesday. Finally, Maxim Group raised their price objective on Hewlett Packard Enterprise Company from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday, December 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Hewlett Packard Enterprise Company has an average rating of “Hold” and a consensus price target of $23.66.
Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded down 0.33% during midday trading on Friday, reaching $24.25. The company’s stock had a trading volume of 4,068,033 shares. The stock has a 50-day moving average price of $23.18 and a 200 day moving average price of $22.71. The stock has a market capitalization of $40.37 billion, a PE ratio of 13.32 and a beta of 3.05. Hewlett Packard Enterprise Company has a 52 week low of $12.82 and a 52 week high of $24.79.
Hewlett Packard Enterprise Company (NYSE:HPE) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. Hewlett Packard Enterprise Company had a return on equity of 10.43% and a net margin of 6.31%. The company had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.85 billion. During the same period last year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. Equities analysts forecast that Hewlett Packard Enterprise Company will post $2.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be given a $0.065 dividend. The ex-dividend date is Monday, March 13th. This represents a $0.26 annualized dividend and a dividend yield of 1.07%. Hewlett Packard Enterprise Company’s dividend payout ratio (DPR) is presently 14.21%.
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In related news, EVP Christopher P. Hsu sold 4,780 shares of Hewlett Packard Enterprise Company stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $23.12, for a total transaction of $110,513.60. Following the completion of the sale, the executive vice president now owns 71,219 shares of the company’s stock, valued at $1,646,583.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John F. Schultz sold 12,555 shares of Hewlett Packard Enterprise Company stock in a transaction on Monday, November 21st. The shares were sold at an average price of $23.46, for a total value of $294,540.30. Following the sale, the executive vice president now directly owns 79,447 shares of the company’s stock, valued at approximately $1,863,826.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 329,620 shares of company stock valued at $7,862,012. 0.87% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Ledyard National Bank boosted its stake in Hewlett Packard Enterprise Company by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock worth $100,000 after buying an additional 36 shares during the last quarter. Kernodle & Katon Asset Management Group LLC purchased a new stake in Hewlett Packard Enterprise Company during the third quarter worth about $103,000. Bronfman E.L. Rothschild L.P. boosted its stake in Hewlett Packard Enterprise Company by 10.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,739 shares of the company’s stock worth $108,000 after buying an additional 441 shares during the last quarter. Global X Management Co. LLC boosted its stake in Hewlett Packard Enterprise Company by 2,135.3% in the third quarter. Global X Management Co. LLC now owns 5,320 shares of the company’s stock worth $121,000 after buying an additional 5,082 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in Hewlett Packard Enterprise Company 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 last quarter. 79.10% of the stock is owned by hedge funds and other institutional investors.
About Hewlett Packard Enterprise Company
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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