Hewlett Packard Enterprise Co. (HPE) Now Covered by Credit Agricole SA
Equities researchers at Credit Agricole SA began coverage on shares of Hewlett Packard Enterprise Co. (NYSE:HPE) in a report released on Thursday, The Fly reports. The brokerage set an “underperform” rating on the stock.
A number of other equities research analysts also recently commented on the company. Wells Fargo & Co. reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a report on Monday, July 11th. Credit Suisse Group AG upped their price objective on Hewlett Packard Enterprise from $21.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, August 1st. Vetr upgraded Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.52 price objective for the company in a report on Thursday, August 18th. BMO Capital Markets reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a report on Sunday, July 10th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $24.50 price objective on shares of Hewlett Packard Enterprise in a report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.50.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 1.09% during midday trading on Thursday, hitting $21.76. The stock had a trading volume of 13,810,786 shares. Hewlett Packard Enterprise has a one year low of $11.62 and a one year high of $23.53. The company has a market capitalization of $36.24 billion and a PE ratio of 9.08. The firm’s 50-day moving average is $22.21 and its 200 day moving average is $19.50.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The business had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.64 billion. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities analysts expect that Hewlett Packard Enterprise will post $1.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 12th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, October 7th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.01%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 9.17%.
In other news, EVP Robert Youngjohns sold 8,622 shares of the stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $19.69, for a total transaction of $169,767.18. Following the transaction, the executive vice president now owns 18,033 shares in the company, valued at $355,069.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John F. Schultz sold 316,164 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $22.84, for a total value of $7,221,185.76. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Ngam Advisors L.P. raised its position in shares of Hewlett Packard Enterprise by 31.9% in the first quarter. Ngam Advisors L.P. now owns 73,372 shares of the company’s stock worth $1,301,000 after buying an additional 17,732 shares during the period. Investec Asset Management North America Inc. raised its position in shares of 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. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Hewlett Packard Enterprise by 22.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,816 shares of the company’s stock worth $227,000 after buying an additional 2,360 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in shares of Hewlett Packard Enterprise during the first quarter worth $1,291,000. Finally, Hanlon Investment Management Inc. purchased a new position in shares of Hewlett Packard Enterprise during the first quarter worth $4,116,000. Institutional investors own 80.51% of the company’s stock.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, 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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