Hewlett Packard Enterprise (HPE) Stock Rating Reaffirmed by UBS Group

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).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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