Hewlett Packard Enterprise Co. (HPE) Downgraded by Vetr Inc. to “Buy”
Vetr lowered shares of Hewlett Packard Enterprise Co. (NYSE:HPE) from a strong-buy rating to a buy rating in a research report released on Tuesday. They currently have $26.49 price target on the stock.
A number of other equities research analysts have also issued reports on the company. Sanford C. Bernstein reiterated an outperform rating and issued a $24.50 target price on shares of Hewlett Packard Enterprise in a research note on Friday, November 25th. Susquehanna set a $20.00 target price on Hewlett Packard Enterprise and gave the company a hold rating in a research note on Thursday, November 24th. Jefferies Group lowered their target price on Hewlett Packard Enterprise from $29.00 to $27.00 and set a buy rating for the company in a research note on Friday, November 25th. Deutsche Bank AG increased their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company a buy rating in a research note on Wednesday, November 23rd. Finally, BMO Capital Markets increased their target price on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an outperform rating in a research note on Wednesday, November 23rd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $22.83.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 23.74 on Tuesday. The firm has a 50-day moving average price of $22.48 and a 200-day moving average price of $20.79. Hewlett Packard Enterprise has a 52 week low of $11.62 and a 52 week high of $23.90. The stock has a market cap of $39.54 billion and a PE ratio of 9.90.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. The company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.85 billion. Hewlett Packard Enterprise had a return on equity of 10.38% and a net margin of 6.31%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS. On average, analysts forecast that Hewlett Packard Enterprise will post $2.06 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be given a dividend of $0.065 per share. The ex-dividend date is Monday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 1.10%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 12.02%.
In other news, EVP Michael G. Nefkens sold 107,500 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $22.00, for a total transaction of $2,365,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ann M. Livermore sold 44,000 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $22.65, for a total value of $996,600.00. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.
Several institutional investors have recently modified their holdings of HPE. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Hewlett Packard Enterprise during the second quarter worth about $100,000. Ledyard National Bank boosted its position in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock worth $100,000 after buying an additional 36 shares during the last quarter. MCF Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock worth $103,000 after buying an additional 2,501 shares during the last quarter. Kernodle & Katon Asset Management Group LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $103,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Hewlett Packard Enterprise by 10.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,739 shares of the company’s stock worth $108,000 after buying an additional 441 shares during the last quarter. Institutional investors own 78.37% 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).
To view Vetr’s full report, visit Vetr’s official website.
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