OTR Global upgraded shares of Hewlett Packard Enterprise (NYSE:HPE) to a positive rating in a research report released on Thursday morning.
Several other equities analysts have also recently weighed in on HPE. ValuEngine cut Hewlett Packard Enterprise from a buy rating to a hold rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut Hewlett Packard Enterprise from a buy rating to a hold rating in a research note on Monday, April 30th. UBS reaffirmed a neutral rating and set a $19.00 target price (up previously from $15.00) on shares of Hewlett Packard Enterprise in a research note on Friday, February 23rd. Loop Capital raised Hewlett Packard Enterprise from a hold rating to a buy rating in a research note on Tuesday, February 20th. Finally, BMO Capital Markets lifted their target price on Hewlett Packard Enterprise from $14.00 to $19.00 and gave the company a market perform rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Hewlett Packard Enterprise currently has a consensus rating of Hold and a consensus price target of $17.38.
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Hewlett Packard Enterprise traded down $0.09, hitting $17.58, on Thursday, according to MarketBeat Ratings. 90,271 shares of the company were exchanged, compared to its average volume of 12,232,150. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The company has a market cap of $27.63 billion, a PE ratio of 18.31, a PEG ratio of 1.48 and a beta of 1.87. Hewlett Packard Enterprise has a twelve month low of $17.38 and a twelve month high of $17.44.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.12. Hewlett Packard Enterprise had a return on equity of 7.40% and a net margin of 4.52%. The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. research analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 4th. Investors of record on Wednesday, June 13th will be paid a $0.1125 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, June 12th. This represents a $0.45 annualized dividend and a dividend yield of 2.56%. Hewlett Packard Enterprise’s payout ratio is presently 31.25%.
Hewlett Packard Enterprise announced that its Board of Directors has approved a stock buyback plan on Thursday, February 22nd that permits the company to repurchase $5.50 billion in shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In related news, insider Keerti Melkote sold 87,113 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $18.87, for a total value of $1,643,822.31. Following the completion of the sale, the insider now directly owns 87,113 shares in the company, valued at approximately $1,643,822.31. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Philip Davis sold 16,405 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $18.51, for a total value of $303,656.55. Following the completion of the sale, the insider now owns 5,665 shares of the company’s stock, valued at $104,859.15. The disclosure for this sale can be found here. In the last three months, insiders sold 7,370,096 shares of company stock valued at $131,431,749. 1.18% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of HPE. Spectrum Financial Alliance Ltd LLC acquired a new stake in Hewlett Packard Enterprise in the 1st quarter worth approximately $121,000. Highlander Capital Management LLC acquired a new stake in Hewlett Packard Enterprise in the 1st quarter worth approximately $148,000. Clear Harbor Asset Management LLC acquired a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $158,000. Empirical Financial Services LLC acquired a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $159,000. Finally, Wade G W & Inc. acquired a new stake in Hewlett Packard Enterprise in the 1st quarter worth approximately $187,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company provides technology solutions to business and public sector enterprises. It operates through Enterprise Group, Financial Services, and Corporate Investments segments. The Enterprise Group segment offers industry standard servers and mission-critical servers to address the array of its customers' computing needs; converged storage solutions, including 3PAR StoreServ, StoreOnce, and StoreVirtual products, as well as traditional storage solutions, such as tape, storage networking, and legacy external disk products for enterprise and small- and medium-size business; software-defined switches, routers, wireless local area network equipment, network virtualization equipment, security software, location-based services, and network management products; and data center care, proactive care, and technology consulting services, as well as Aruba Services, and communications and media solutions.