Hewlett Packard Enterprise Co. (NYSE:HPE) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. They currently have a $25.21 price target on the stock. Vetr‘s target price indicates a potential upside of 8.48% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Morgan Stanley restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, June 8th. Macquarie restated a “buy” rating and set a $22.00 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, May 24th. Bank of America Corp. restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, May 26th. Raymond James Financial Inc. restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, May 26th. Finally, Brean Capital restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $21.03.

Hewlett Packard Enterprise (NYSE:HPE) opened at 23.24 on Wednesday. The company has a market cap of $38.71 billion and a PE ratio of 9.70. The stock’s 50 day moving average is $21.89 and its 200 day moving average is $18.91. Hewlett Packard Enterprise has a 12 month low of $11.62 and a 12 month high of $23.53.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.64 billion. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities analysts predict that Hewlett Packard Enterprise will post $1.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.22 dividend on an annualized basis and a yield of 0.95%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 9.17%.

In other Hewlett Packard Enterprise news, EVP Antonio F. Neri sold 213,399 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $23.00, for a total value of $4,908,177.00. Following the completion of the transaction, the executive vice president now directly owns 21,213 shares of the company’s stock, valued at $487,899. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert Youngjohns sold 8,622 shares of the business’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $19.69, for a total transaction of $169,767.18. Following the completion of the transaction, the executive vice president now directly owns 18,033 shares of the company’s stock, valued at $355,069.77. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in HPE. Investec Asset Management North America Inc. increased its stake in Hewlett Packard Enterprise by 40.1% in the first quarter. Investec Asset Management North America Inc. now owns 47,610 shares of the company’s stock worth $844,000 after buying an additional 13,633 shares during the period. C M Bidwell & Associates Ltd. increased its stake in Hewlett Packard Enterprise by 38.0% in the first quarter. C M Bidwell & Associates Ltd. now owns 219,505 shares of the company’s stock worth $3,892,000 after buying an additional 60,455 shares during the period. Advisor Partners LLC increased its stake in Hewlett Packard Enterprise by 23.7% in the first quarter. Advisor Partners LLC now owns 29,071 shares of the company’s stock worth $515,000 after buying an additional 5,576 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in Hewlett Packard Enterprise during the first quarter worth $5,065,000. Finally, Columbia Partners L L C Investment Management acquired a new stake in Hewlett Packard Enterprise during the first quarter worth $1,178,000. 80.69% of the stock is owned by institutional investors.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.

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To view Vetr’s full report, visit Vetr’s official website.

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