Hewlett Packard Enterprise (NYSE:HPE)‘s stock had its “neutral” rating reissued by research analysts at UBS Group in a report issued on Friday. They currently have a $19.00 price target on the technology company’s stock, up from their previous price target of $15.00. UBS Group’s price objective suggests a potential upside of 4.74% from the company’s previous close.
A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. Deutsche Bank boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Wells Fargo & Co began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $15.00 price objective on the stock. Gabelli reissued a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.04.
Hewlett Packard Enterprise (HPE) opened at $18.14 on Friday. The company has a market cap of $28,800.82, a price-to-earnings ratio of 19.30, a PEG ratio of 3.05 and a beta of 2.50. Hewlett Packard Enterprise has a 1-year low of $12.81 and a 1-year high of $19.16. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, February 22nd. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The business had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.07 billion. Hewlett Packard Enterprise had a net margin of 4.52% and a return on equity of 7.18%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. analysts predict that Hewlett Packard Enterprise will post 1.37 earnings per share for the current fiscal year.
Hewlett Packard Enterprise announced that its Board of Directors has approved a stock repurchase program on Thursday, February 22nd that authorizes the company to buyback $5.50 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 9,135 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $14.33, for a total transaction of $130,904.55. Following the sale, the senior vice president now directly owns 4,173 shares in the company, valued at approximately $59,799.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alan Richard May sold 42,314 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $14.00, for a total transaction of $592,396.00. Following the sale, the executive vice president now owns 84,629 shares in the company, valued at $1,184,806. The disclosure for this sale can be found here. Insiders have sold a total of 1,407,123 shares of company stock worth $22,389,810 over the last 90 days. Insiders own 1.18% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in HPE. Fisher Asset Management LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth about $280,000. Xact Kapitalforvaltning AB boosted its position in shares of Hewlett Packard Enterprise by 1.6% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 271,431 shares of the technology company’s stock worth $3,993,000 after buying an additional 4,313 shares in the last quarter. Saratoga Research & Investment Management purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth about $201,000. Aperio Group LLC boosted its position in shares of Hewlett Packard Enterprise by 9.6% in the 3rd quarter. Aperio Group LLC now owns 1,130,094 shares of the technology company’s stock worth $16,624,000 after buying an additional 99,442 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Hewlett Packard Enterprise by 58.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 950,000 shares of the technology company’s stock worth $13,975,000 after buying an additional 350,000 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.
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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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