Hewlett Packard Enterprise Company (HPE) Reaches New 1-Year Low at $14.09
Hewlett Packard Enterprise Company (NYSE:HPE)’s share price reached a new 52-week low on Friday . The stock traded as low as $14.09 and last traded at $14.06, with a volume of 8,643,897 shares trading hands. The stock had previously closed at $14.01.
Several equities analysts have recently weighed in on the company. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, May 26th. Robert W. Baird reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Credit Suisse Group reissued a “buy” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. Barclays PLC reduced their price objective on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, May 10th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $17.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.55.
The company has a market capitalization of $23.51 billion, a PE ratio of 10.85 and a beta of 2.71. The firm’s 50 day moving average is $13.67 and its 200-day moving average is $13.70.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The firm had revenue of $9.90 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the business posted $0.42 EPS. The business’s revenue for the quarter was down 22.1% compared to the same quarter last year. On average, analysts expect that Hewlett Packard Enterprise Company will post $1.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.82%. Hewlett Packard Enterprise’s dividend payout ratio is currently 20.16%.
In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 132,192 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the sale, the chief executive officer now directly owns 865,021 shares in the company, valued at approximately $14,454,500.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Margaret C. Whitman sold 62,652 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $16.71, for a total transaction of $1,046,914.92. Following the sale, the chief executive officer now owns 830,251 shares in the company, valued at $13,873,494.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,963,677 shares of company stock worth $34,198,508. Company insiders own 0.87% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in Hewlett Packard Enterprise during the first quarter worth about $125,000. Harfst & Associates Inc. acquired a new stake in Hewlett Packard Enterprise during the first quarter worth about $127,000. WFG Advisors LP raised its stake in Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after buying an additional 801 shares during the period. YorkBridge Wealth Partners LLC raised its stake in Hewlett Packard Enterprise by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock worth $117,000 after buying an additional 675 shares during the period. Finally, Guardian Life Insurance Co. of America raised its stake in Hewlett Packard Enterprise by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock worth $152,000 after buying an additional 43 shares during the period. Institutional investors own 80.19% of the company’s stock.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, 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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