Hewlett Packard Enterprise (NYSE:HPE) had its price objective lifted by BMO Capital Markets from $14.00 to $19.00 in a research report sent to investors on Friday morning. BMO Capital Markets currently has a market perform rating on the technology company’s stock.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Hewlett Packard Enterprise from a strong sell rating to a hold rating in a research note on Tuesday, October 31st. Deutsche Bank raised their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock a buy rating in a research note on Monday, January 29th. Wells Fargo & Co started coverage on Hewlett Packard Enterprise in a research note on Tuesday, November 14th. They set a market perform rating and a $15.00 price target on the stock. Gabelli restated a buy rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Finally, Royal Bank of Canada restated a hold rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $17.04.
Shares of Hewlett Packard Enterprise (NYSE HPE) traded up $1.73 during midday trading on Friday, hitting $18.14. The stock had a trading volume of 45,014,809 shares, compared to its average volume of 11,650,000. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise has a 1-year low of $12.81 and a 1-year high of $19.16. The firm has a market cap of $28,910.00 and a price-to-earnings ratio of -181.40.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. Hewlett Packard Enterprise had a return on equity of 7.18% and a net margin of 4.52%. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the company earned $0.45 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis. sell-side analysts forecast that Hewlett Packard Enterprise will post 1.19 earnings per share for the current year.
Hewlett Packard Enterprise declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 22nd that authorizes the company to repurchase $5.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.65%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently -300.00%.
In other news, EVP Alan Richard May sold 42,314 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $14.00, for a total value of $592,396.00. Following the completion of the sale, the executive vice president now directly owns 84,629 shares of the company’s stock, valued at approximately $1,184,806. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kirt P. Karros sold 9,135 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $14.33, for a total value of $130,904.55. Following the completion of the sale, the senior vice president now directly owns 4,173 shares of the company’s stock, valued at $59,799.09. The disclosure for this sale can be found here. Insiders sold a total of 1,407,123 shares of company stock worth $22,389,810 over the last quarter. Company insiders own 1.18% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 10.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 243,649 shares of the technology company’s stock valued at $3,499,000 after buying an additional 23,602 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in shares of Hewlett Packard Enterprise by 6.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 287,716 shares of the technology company’s stock valued at $4,132,000 after buying an additional 16,285 shares during the period. Letko Brosseau & Associates Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 0.5% in the 4th quarter. Letko Brosseau & Associates Inc. now owns 3,275,159 shares of the technology company’s stock valued at $47,031,000 after buying an additional 17,500 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Hewlett Packard Enterprise by 54.2% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 115,000 shares of the technology company’s stock valued at $1,651,000 after buying an additional 40,400 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $7,087,000. 83.66% of the stock is owned by institutional investors and hedge funds.
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About Hewlett Packard Enterprise
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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