Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise (NYSE:HPE) in a report released on Wednesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $16.00 price objective on the technology company’s stock.

Several other research firms also recently weighed in on HPE. KeyCorp reissued a hold rating on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. Royal Bank of Canada reissued a hold rating and issued a $15.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, October 11th. UBS Group downgraded Hewlett Packard Enterprise from a buy rating to a neutral rating and decreased their price objective for the company from $16.00 to $15.00 in a report on Friday, October 20th. Robert W. Baird reissued a hold rating and issued a $16.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, October 19th. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a strong sell rating to a hold rating in a report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $16.16.

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at $15.56 on Wednesday. The firm has a market capitalization of $25,071.83, a P/E ratio of 74.10, a PEG ratio of 2.64 and a beta of 2.50. Hewlett Packard Enterprise has a fifty-two week low of $12.81 and a fifty-two week high of $24.88. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.78 billion. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. sell-side analysts predict that Hewlett Packard Enterprise will post 1.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.93%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s payout ratio is 142.86%.

Hewlett Packard Enterprise declared that its board has initiated a stock buyback program on Wednesday, October 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 9,135 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $14.33, for a total value of $130,904.55. Following the completion of the transaction, the senior vice president now owns 4,173 shares in the company, valued at $59,799.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alan Richard May sold 42,314 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $14.00, for a total value of $592,396.00. Following the completion of the transaction, the executive vice president now owns 84,629 shares of the company’s stock, valued at approximately $1,184,806. The disclosure for this sale can be found here. Insiders sold 1,407,123 shares of company stock valued at $22,389,810 in the last quarter. 0.87% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC raised its position in Hewlett Packard Enterprise by 0.8% in the third quarter. Parametric Portfolio Associates LLC now owns 5,602,984 shares of the technology company’s stock worth $82,420,000 after acquiring an additional 45,636 shares in the last quarter. First Trust Advisors LP increased its position in shares of Hewlett Packard Enterprise by 58.3% in the third quarter. First Trust Advisors LP now owns 6,167,004 shares of the technology company’s stock valued at $90,717,000 after buying an additional 2,270,669 shares in the last quarter. Oak Associates Ltd. OH increased its position in shares of Hewlett Packard Enterprise by 4.4% in the second quarter. Oak Associates Ltd. OH now owns 309,726 shares of the technology company’s stock valued at $5,138,000 after buying an additional 13,000 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Hewlett Packard Enterprise by 3.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 6,111,912 shares of the technology company’s stock valued at $89,907,000 after buying an additional 183,567 shares in the last quarter. Finally, Thompson Investment Management Inc. increased its position in shares of Hewlett Packard Enterprise by 29.4% in the third quarter. Thompson Investment Management Inc. now owns 37,620 shares of the technology company’s stock valued at $553,000 after buying an additional 8,550 shares in the last quarter. Hedge funds and other institutional investors own 83.78% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2018/02/08/hewlett-packard-enterprise-hpe-receives-new-coverage-from-analysts-at-goldman-sachs-group.html.

About Hewlett Packard Enterprise

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).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.