Hewlett Packard Enterprise (NYSE:HPE) had its price objective increased by Deutsche Bank from $19.00 to $22.00 in a research note issued to investors on Friday morning. The brokerage currently has a buy rating on the technology company’s stock.
Several other brokerages also recently weighed in on HPE. Loop Capital raised Hewlett Packard Enterprise from a hold rating to a buy rating in a research note on Tuesday. UBS Group reaffirmed a hold rating and set a $15.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded Hewlett Packard Enterprise from a strong sell rating to a hold rating in a research report on Tuesday, October 31st. Royal Bank of Canada reiterated a hold rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Finally, Robert W. Baird reiterated a hold rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $17.04.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded up $1.73 during mid-day trading on Friday, hitting $18.14. The stock had a trading volume of 45,014,809 shares, compared to its average volume of 11,650,000. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. The firm has a market cap of $28,910.00 and a P/E ratio of -181.40. Hewlett Packard Enterprise has a twelve month low of $12.81 and a twelve month high of $19.16.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, February 22nd. The technology company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.12. The business had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.07 billion. Hewlett Packard Enterprise had a return on equity of 7.18% and a net margin of 4.52%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. research analysts forecast that Hewlett Packard Enterprise will post 1.19 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.65%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s payout ratio is currently -300.00%.
Hewlett Packard Enterprise announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 22nd that authorizes the company to repurchase $5.50 billion in shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.
In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 42,314 shares of the company’s 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 sale, the executive vice president now directly owns 84,629 shares in the company, valued at approximately $1,184,806. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kirt P. Karros sold 9,135 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $14.33, for a total value of $130,904.55. Following the completion of the sale, the senior vice president now owns 4,173 shares of the company’s stock, valued at $59,799.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,407,123 shares of company stock valued at $22,389,810. 1.18% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Hewlett Packard Enterprise by 10.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 243,649 shares of the technology company’s stock worth $3,499,000 after purchasing an additional 23,602 shares during the period. Xact Kapitalforvaltning AB grew its holdings in shares of Hewlett Packard Enterprise by 6.0% during the 4th quarter. Xact Kapitalforvaltning AB now owns 287,716 shares of the technology company’s stock worth $4,132,000 after purchasing an additional 16,285 shares during the period. Letko Brosseau & Associates Inc. grew its holdings in shares of Hewlett Packard Enterprise by 0.5% during the 4th quarter. Letko Brosseau & Associates Inc. now owns 3,275,159 shares of the technology company’s stock worth $47,031,000 after purchasing an additional 17,500 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Hewlett Packard Enterprise by 54.2% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 115,000 shares of the technology company’s stock worth $1,651,000 after purchasing an additional 40,400 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $7,087,000. Institutional investors and hedge funds own 83.66% of the company’s stock.
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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).
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