Hewlett Packard Enterprise Co (NYSE:HPE) has earned a consensus rating of “Hold” from the eighteen analysts that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $16.92.
A number of equities research analysts have recently weighed in on HPE shares. UBS Group lowered shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $17.00 to $13.00 in a report on Tuesday, March 12th. Morgan Stanley lowered shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $21.00 to $15.00 in a report on Tuesday, January 15th. Credit Suisse Group started coverage on shares of Hewlett Packard Enterprise in a report on Thursday, April 11th. They issued an “underperform” rating and a $14.00 price objective on the stock. ValuEngine upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $16.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, February 21st.
Shares of HPE opened at $15.79 on Thursday. Hewlett Packard Enterprise has a twelve month low of $12.09 and a twelve month high of $17.82. The firm has a market capitalization of $21.78 billion, a PE ratio of 10.12, a PEG ratio of 1.52 and a beta of 1.58. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.56.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Thursday, February 21st. The technology company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.07. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.68 billion. During the same period last year, the business earned $0.34 EPS. Equities analysts expect that Hewlett Packard Enterprise will post 1.64 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Tuesday, June 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 28.85%.
In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 384,445 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $16.50, for a total transaction of $6,343,342.50. Following the transaction, the chief executive officer now directly owns 4,936 shares of the company’s stock, valued at approximately $81,444. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Antonio F. Neri sold 591,276 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $16.51, for a total transaction of $9,761,966.76. Following the transaction, the insider now directly owns 59,110 shares in the company, valued at $975,906.10. The disclosure for this sale can be found here. Insiders sold a total of 2,251,562 shares of company stock worth $37,016,136 over the last ninety days. Insiders own 0.56% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Convergence Investment Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 3.2% in the first quarter. Convergence Investment Partners LLC now owns 60,398 shares of the technology company’s stock valued at $932,000 after acquiring an additional 1,862 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 10.0% in the first quarter. Parallel Advisors LLC now owns 12,963 shares of the technology company’s stock valued at $200,000 after acquiring an additional 1,176 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at about $288,000. Van Hulzen Asset Management LLC boosted its holdings in shares of Hewlett Packard Enterprise by 76.7% in the first quarter. Van Hulzen Asset Management LLC now owns 24,919 shares of the technology company’s stock valued at $385,000 after acquiring an additional 10,816 shares in the last quarter. Finally, Menta Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at about $242,000. 83.01% of the stock is currently owned by institutional investors.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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