Sanford C. Bernstein restated their outperform rating on shares of Hewlett Packard Enterprise Co. (NYSE:HPE) in a research note released on Tuesday. The brokerage currently has a $24.50 price target on the stock.

A number of other equities analysts have also recently commented on HPE. Needham & Company LLC raised shares of Hewlett Packard Enterprise from a hold rating to a buy rating and set a $22.00 price objective for the company in a research note on Wednesday, May 25th. Mizuho lifted their price target on shares of Hewlett Packard Enterprise from $13.00 to $16.00 and gave the stock a neutral rating in a research note on Wednesday, May 25th. FBN Securities lifted their price target on shares of Hewlett Packard Enterprise from $18.00 to $21.00 and gave the stock an outperform rating in a research note on Wednesday, May 25th. Jefferies Group reaffirmed a buy rating and set a $25.50 price target (up from $24.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 5th. Finally, Cross Research raised shares of Hewlett Packard Enterprise from a hold rating to a buy rating in a research note on Wednesday, May 25th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the stock. Hewlett Packard Enterprise presently has a consensus rating of Hold and a consensus target price of $21.03.

Hewlett Packard Enterprise (NYSE:HPE) opened at 23.24 on Tuesday. The company has a market capitalization of $38.71 billion and a P/E ratio of 9.70. The company has a 50-day moving average of $21.89 and a 200-day moving average of $18.91. Hewlett Packard Enterprise has a 1-year low of $11.62 and a 1-year high of $23.53.

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

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

In other news, EVP Antonio F. Neri sold 213,399 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 21,213 shares of the company’s stock, valued at approximately $487,899. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $22.01, for a total transaction of $2,236,436.10. Following the completion of the sale, the chief financial officer now directly owns 101,610 shares in the company, valued at $2,236,436.10. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Hewlett Packard Enterprise during the second quarter valued at approximately $100,000. Citizens Financial Group Inc RI increased its stake in Hewlett Packard Enterprise by 22.6% in the first quarter. Citizens Financial Group Inc RI now owns 5,809 shares of the company’s stock valued at $103,000 after buying an additional 1,069 shares during the period. MCF Advisors LLC increased its stake in Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock valued at $103,000 after buying an additional 2,501 shares during the period. Ropes Wealth Advisors LLC increased its stake in Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock valued at $146,000 after buying an additional 195 shares during the period. Finally, Cedar Wealth Management LLC increased its stake in Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock valued at $150,000 after buying an additional 1,251 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

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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