Hewlett Packard Enterprise (NYSE:HPE) Rating Reiterated by Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) in a research note released on Thursday, Benzinga reports. The brokerage currently has a $21.00 price objective on the technology company’s stock.

A number of other research firms also recently weighed in on HPE. Bank of America raised their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company a neutral rating in a report on Wednesday, June 5th. UBS Group raised their target price on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a neutral rating in a report on Wednesday, June 5th. Sanford C. Bernstein upped their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a market perform rating in a research note on Wednesday, June 5th. Argus raised Hewlett Packard Enterprise from a hold rating to a buy rating and set a $26.00 price objective on the stock in a research note on Friday, June 7th. Finally, Evercore ISI upped their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an in-line rating in a research report on Wednesday, June 5th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $20.85.

View Our Latest Research Report on HPE

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $20.92 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The business’s 50-day moving average price is $18.35 and its two-hundred day moving average price is $17.17. The company has a market capitalization of $27.19 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 3.09 and a beta of 1.18.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. Analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 18,323 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the sale, the senior vice president now owns 15,541 shares in the company, valued at $263,575.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Jeremy Cox sold 18,323 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the transaction, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the sale, the director now directly owns 150,948 shares in the company, valued at approximately $2,944,995.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,464 shares of company stock worth $3,160,866. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. Vanguard Group Inc. grew its position in Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after acquiring an additional 5,777,901 shares during the period. Epoch Investment Partners Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $51,384,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth about $51,938,000. Norges Bank bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $48,291,000. Finally, Natixis boosted its position in Hewlett Packard Enterprise by 10,345.0% in the first quarter. Natixis now owns 1,789,965 shares of the technology company’s stock valued at $31,736,000 after buying an additional 1,772,828 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

(Get Free Report)

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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