Shares of Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) have earned a consensus rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.45.
Several equities research analysts recently issued reports on HPE shares. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus decreased their price objective on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Evercore ISI lowered their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research report on Friday, March 1st. Wells Fargo & Company restated an “equal weight” rating and issued a $17.00 target price (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research report on Friday, March 1st. Finally, Barclays cut their price objective on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st.
Check Out Our Latest Analysis on HPE
Hewlett Packard Enterprise Stock Down 1.4 %
Shares of HPE opened at $17.94 on Friday. The stock’s 50-day moving average price is $16.38 and its 200-day moving average price is $16.37. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $23.32 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 3.28 and a beta of 1.21. Hewlett Packard Enterprise has a 52 week low of $13.65 and a 52 week high of $20.07.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same quarter last year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current year.
Hewlett Packard Enterprise Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is presently 35.86%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Aspire Private Capital LLC raised its stake in Hewlett Packard Enterprise by 169.2% during the fourth quarter. Aspire Private Capital LLC now owns 1,217 shares of the technology company’s stock worth $19,423,320,000 after acquiring an additional 765 shares during the period. Authentikos Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Hewlett Packard Enterprise during the 3rd quarter valued at approximately $33,000. Salem Investment Counselors Inc. grew its stake in Hewlett Packard Enterprise by 180.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after buying an additional 1,261 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Hewlett Packard Enterprise in the fourth quarter worth $35,000. 80.78% of the stock is owned by institutional investors and hedge funds.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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