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).

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

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