Hewlett Packard Enterprise Co (HPE) Coverage Initiated by Analysts at Berenberg Bank

Berenberg Bank began coverage on shares of Hewlett Packard Enterprise Co (NYSE:HPE) in a report published on Tuesday, April 4th. The brokerage issued a hold rating and a $17.00 price target on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a hold rating to a buy rating and set a $26.00 price objective for the company in a research report on Tuesday, January 24th. FBN Securities reissued a buy rating on shares of Hewlett Packard Enterprise in a report on Wednesday, January 18th. Jefferies Group LLC reaffirmed a buy rating and set a $27.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, January 18th. Needham & Company LLC reaffirmed a buy rating and set a $26.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, December 9th. Finally, Vetr lowered shares of Hewlett Packard Enterprise from a strong-buy rating to a buy rating and set a $27.33 target price on the stock. in a research report on Wednesday, December 7th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $22.83.

Hewlett Packard Enterprise (NYSE:HPE) opened at 18.75 on Tuesday. The firm has a market cap of $31.08 billion, a price-to-earnings ratio of 10.17 and a beta of 3.05. The stock has a 50 day moving average price of $19.89 and a 200-day moving average price of $22.32. Hewlett Packard Enterprise has a 12-month low of $15.38 and a 12-month high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, February 23rd. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The company earned $11.41 billion during the quarter, compared to analysts’ expectations of $12.09 billion. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.43%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Equities analysts forecast that Hewlett Packard Enterprise will post $1.47 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, June 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 14.21%.

In other news, EVP Michael G. Nefkens sold 831,311 shares of the company’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $22.41, for a total transaction of $18,629,679.51. Following the transaction, the executive vice president now owns 474,245 shares in the company, valued at $10,627,830.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeff T. Ricci sold 31,695 shares of the company’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $18.23, for a total transaction of $577,799.85. Following the transaction, the senior vice president now owns 31,695 shares in the company, valued at approximately $577,799.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,604,844 shares of company stock valued at $35,480,436. 0.87% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. Dodge & Cox bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $4,831,636,000. AQR Capital Management LLC increased its stake in shares of Hewlett Packard Enterprise by 527.0% in the fourth quarter. AQR Capital Management LLC now owns 25,007,739 shares of the technology company’s stock worth $578,679,000 after buying an additional 21,019,389 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Hewlett Packard Enterprise by 94.0% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 37,399,100 shares of the technology company’s stock worth $865,415,000 after buying an additional 18,117,846 shares during the last quarter. Norges Bank acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $372,714,000. Finally, OZ Management LP increased its stake in shares of Hewlett Packard Enterprise by 212.4% in the third quarter. OZ Management LP now owns 8,391,778 shares of the technology company’s stock worth $190,913,000 after buying an additional 5,705,284 shares during the last quarter. 79.10% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

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).

5 Day Chart for NYSE:HPE

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