Shares of Hewlett Packard Enterprise (NYSE:HPE – Get Rating) have been assigned an average rating of “Hold” from the fifteen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $16.85.
A number of equities analysts have recently issued reports on HPE shares. Barclays cut Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 price objective for the company. in a report on Tuesday, January 10th. Morgan Stanley increased their target price on Hewlett Packard Enterprise from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, March 3rd. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 31st. Bank of America raised their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, The Goldman Sachs Group initiated coverage on Hewlett Packard Enterprise in a research note on Monday, March 20th. They issued a “neutral” rating and a $15.00 price target on the stock.
Insider Buying and Selling
In other news, EVP Thomas E. Black, Jr. sold 34,088 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $15.05, for a total transaction of $513,024.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Thomas E. Black, Jr. sold 34,088 shares of the business’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $15.05, for a total transaction of $513,024.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alan Richard May sold 703,226 shares of the company’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $15.11, for a total transaction of $10,625,744.86. Following the completion of the transaction, the executive vice president now owns 249,511 shares of the company’s stock, valued at approximately $3,770,111.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 747,314 shares of company stock worth $11,291,569. Corporate insiders own 0.53% of the company’s stock.
Institutional Investors Weigh In On Hewlett Packard Enterprise
A number of hedge funds and other institutional investors have recently modified their holdings of HPE. Aspire Private Capital LLC raised its stake in Hewlett Packard Enterprise by 169.2% during the 4th 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 in the last quarter. Arlington Partners LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $26,000. New Hampshire Trust acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $28,000. Independence Bank of Kentucky acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $32,000. Finally, Romano Brothers AND Company acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $32,000. 81.36% of the stock is currently owned by institutional investors and hedge funds.
Hewlett Packard Enterprise Price Performance
Hewlett Packard Enterprise stock opened at $14.54 on Friday. The business has a 50-day simple moving average of $15.43 and a 200 day simple moving average of $15.31. Hewlett Packard Enterprise has a 52 week low of $11.90 and a 52 week high of $17.25. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.38. The stock has a market cap of $18.84 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.39 and a beta of 1.23.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The technology company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. Hewlett Packard Enterprise had a return on equity of 4.22% and a net margin of 2.92%. The firm had revenue of $7.81 billion during the quarter, compared to analysts’ expectations of $7.40 billion. During the same period in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts forecast that Hewlett Packard Enterprise will post 1.32 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 17th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, March 16th. This represents a $0.48 dividend on an annualized basis and a yield of 3.30%. Hewlett Packard Enterprise’s dividend payout ratio is presently 73.85%.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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