Research Analysts’ Recent Ratings Changes for Hewlett Packard Enterprise (HPE)

Several brokerages have updated their recommendations and price targets on shares of Hewlett Packard Enterprise (NYSE: HPE) in the last few weeks:

  • 4/16/2018 – Hewlett Packard Enterprise was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “We are encouraged by Hewlett Packard’s massive restructuring initiatives. On one hand, it is offloading low-margin businesses such as Enterprise Services and Software, which, in our opinion, will improvise the company’s margins over the long run. And on the other hand, it is enhancing its capabilities in the hybrid IT model as evident from the acquisitions of SimpliVity, Cloud Cruiser and Nimble Storage. We believe that the company’s focus on hybrid IT model will drive growth over the long run. The stock has outperformed the industry the past year. Nonetheless, we remain slightly cautious about the company’s near-term prospects due to the three main challenges it is currently facing — heightened pressure from competitive pricing, elevated commodities pricing and some near-term execution issues.”
  • 4/9/2018 – Hewlett Packard Enterprise was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “We are encouraged by Hewlett Packard’s massive restructuring initiatives. On one hand, it is offloading low-margin businesses such as Enterprise Services and Software, which, in our opinion, will improvise the company’s margins over the long run. And on the other hand, it is enhancing its capabilities in the hybrid IT model as evident from the acquisitions of SimpliVity, Cloud Cruiser and Nimble Storage. We believe that the company’s focus on hybrid IT model will drive growth over the long run. The stock has outperformed the industry in the year-to-date period. Nonetheless, we remain slightly cautious about the company’s near-term prospects due to the three main challenges it is currently facing — heightened pressure from competitive pricing, elevated commodities pricing and some near-term execution issues. These headwinds are expected to thwart its overall performance in the near term.”
  • 4/6/2018 – Hewlett Packard Enterprise was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Estimates for Hewlett Packard have remained stable of late. We are encouraged by the company’s massive restructuring initiatives. On one hand, it is offloading low-margin businesses such as Enterprise Services and Software, which, in our opinion, will improvise the company’s margins over the long run. And on the other hand, it is enhancing its capabilities in the hybrid IT model as evident from the acquisitions of SimpliVity, Cloud Cruiser and Nimble Storage. We believe that the company’s focus on hybrid IT model will drive growth over the long run. Furthermore, Hewlett Packard’s announcement of returning $7 billion to shareholders by fiscal 2019 is also encouraging. Moreover, the stock has outperformed the industry in the year-to-date period.”
  • 4/3/2018 – Hewlett Packard Enterprise was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “We are encouraged by Hewlett Packard’s massive restructuring initiatives. On one hand, it is offloading low-margin businesses such as Enterprise Services and Software, which, in our opinion, will improvise the company’s margins over the long run. And on the other hand, it is enhancing its capabilities in the hybrid IT model as evident from the acquisitions of SimpliVity, Cloud Cruiser and Nimble Storage. We believe that the company’s focus on hybrid IT model will drive growth over the long run. The stock has outperformed the industry in the year-to-date period. Nonetheless, we remain slightly cautious about the company’s near-term prospects due to the three main challenges it is currently facing — heightened pressure from competitive pricing, elevated commodities pricing and some near-term execution issues. These headwinds are expected to thwart its overall performance in the near term.”
  • 3/20/2018 – Hewlett Packard Enterprise was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “We are encouraged by Hewlett Packard’s massive restructuring initiatives. On one hand, it is offloading low-margin businesses such as Enterprise Services and Software, which, in our opinion, will improvise the company’s margins over the long run. And on the other hand, it is enhancing its capabilities in the hybrid IT model as evident from the acquisitions of SimpliVity, Cloud Cruiser and Nimble Storage. We believe that the company’s focus on hybrid IT model will drive growth over the long run. Nonetheless, we remain slightly cautious about the company’s near-term prospects due to the three main challenges it is currently facing — heightened pressure competitive pricing, elevated commodities pricing and some near-term execution issues. These headwinds are expected to thwart its overall performance in the near term. The stock has underperformed the industry in a year’s time.”
  • 3/16/2018 – Hewlett Packard Enterprise was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “We are encouraged by Hewlett Packard’s massive restructuring initiatives. On one hand, it is offloading low-margin businesses such as Enterprise Services and Software, which, in our opinion, will improvise the company’s margins over the long run. And on the other hand, it is enhancing its capabilities in the hybrid IT model as evident from the acquisitions of SimpliVity, Cloud Cruiser and Nimble Storage. We believe that the company’s focus on hybrid IT model will drive growth over the long run. Nonetheless, we remain slightly cautious about the company’s near-term prospects due to the three main challenges it is currently facing — heightened pressure competitive pricing, elevated commodities pricing and some near-term execution issues. These headwinds are expected to thwart its overall performance in the near term. The stock has underperformed the industry in a year’s time.”
  • 3/2/2018 – Hewlett Packard Enterprise is now covered by analysts at JPMorgan Chase. They set a “neutral” rating and a $21.00 price target on the stock.
  • 2/27/2018 – Hewlett Packard Enterprise was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “Hewlett Packard recently reported better-than-expected results for first-quarter fiscal 2018. Buoyed by impressive quarterly performance the company issued an encouraging bottom-line guidance for second-quarter and raised its outlook for fiscal 2018. Hewlett Packard’s announcement of returning $7 billion to shareholders by fiscal 2019 is also encouraging. Going ahead, we are optimistic about the company’s massive restructuring initiatives. On one hand, it is offloading low-margin businesses such as Enterprise Services and Software, which, in our opinion, will improvise the company’s margins over the long run. And on the other hand, it is enhancing its capabilities in the hybrid IT model as evident from the acquisitions of SimpliVity, Cloud Cruiser and Nimble Storage. We believe that the company’s focus on hybrid IT model will drive growth over the long run.”
  • 2/23/2018 – Hewlett Packard Enterprise had its “neutral” rating reaffirmed by analysts at UBS. They now have a $19.00 price target on the stock, up previously from $15.00.
  • 2/23/2018 – Hewlett Packard Enterprise had its “neutral” rating reaffirmed by analysts at Mizuho. They now have a $17.00 price target on the stock, up previously from $14.00.
  • 2/23/2018 – Hewlett Packard Enterprise had its price target raised by analysts at BMO Capital Markets from $14.00 to $19.00. They now have a “market perform” rating on the stock.
  • 2/23/2018 – Hewlett Packard Enterprise had its price target raised by analysts at Maxim Group from $15.00 to $17.00. They now have a “hold” rating on the stock.
  • 2/23/2018 – Hewlett Packard Enterprise had its “hold” rating reaffirmed by analysts at Pivotal Research. They now have a $20.00 price target on the stock, up previously from $13.00.
  • 2/23/2018 – Hewlett Packard Enterprise had its price target raised by analysts at Deutsche Bank from $19.00 to $22.00. They now have a “buy” rating on the stock.
  • 2/20/2018 – Hewlett Packard Enterprise was upgraded by analysts at Loop Capital from a “hold” rating to a “buy” rating.

NYSE:HPE traded up $0.23 during trading hours on Tuesday, hitting $17.79. The company’s stock had a trading volume of 9,404,526 shares, compared to its average volume of 12,833,424. The firm has a market capitalization of $27,265.80, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.46 and a beta of 1.85. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise has a twelve month low of $12.69 and a twelve month high of $19.48.

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Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.12. Hewlett Packard Enterprise had a return on equity of 7.40% 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 period last year, the firm posted $0.45 earnings per share. Hewlett Packard Enterprise’s revenue was up 11.6% compared to the same quarter last year. analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 4th. Stockholders of record on Wednesday, June 13th will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.53%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, June 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 31.25%.

In related news, Director Margaret C. Whitman sold 674,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $17.32, for a total value of $11,673,680.00. Following the transaction, the director now directly owns 2,169,760 shares of the company’s stock, valued at $37,580,243.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Henry Gomez sold 805,214 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $16.58, for a total value of $13,350,448.12. Following the completion of the transaction, the executive vice president now directly owns 363,278 shares in the company, valued at $6,023,149.24. The disclosure for this sale can be found here. Insiders have sold 5,019,755 shares of company stock worth $89,445,408 over the last three months. Insiders own 1.18% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Daiwa SB Investments Ltd. bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $156,000. Clear Harbor Asset Management LLC bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $158,000. Empirical Financial Services LLC bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $159,000. KCS Wealth Advisory bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $161,000. Finally, John G Ullman & Associates Inc. bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $195,000. 83.02% of the stock is currently owned by institutional investors.

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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