Berenberg Bank assumed coverage on shares of Hewlett Packard Enterprise Co (NYSE:HPE) in a research note issued to investors on Tuesday. The firm issued a hold rating and a $17.00 target price on the technology company’s stock.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Hewlett Packard Enterprise from a buy rating to a hold rating in a research note on Tuesday, February 7th. Wells Fargo & Co reissued a market perform rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, March 8th. They noted that the move was a valuation call. Raymond James Financial, Inc. restated an outperform rating on shares of Hewlett Packard Enterprise in a report on Thursday, January 19th. Vetr upgraded shares of Hewlett Packard Enterprise from a buy rating to a strong-buy rating and set a $27.33 price target for the company in a report on Tuesday, December 13th. Finally, OTR Global upgraded shares of Hewlett Packard Enterprise to a positive rating in a report on Wednesday, February 15th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $22.83.
Hewlett Packard Enterprise (NYSE:HPE) traded down 1.04% during mid-day trading on Tuesday, reaching $18.14. The company had a trading volume of 7,594,525 shares. The company’s 50 day moving average is $21.06 and its 200 day moving average is $22.58. Hewlett Packard Enterprise has a 52-week low of $15.38 and a 52-week high of $24.88. The stock has a market capitalization of $30.07 billion, a price-to-earnings ratio of 9.84 and a beta of 3.05.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, February 23rd. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.43%. The business earned $11.41 billion during the quarter, compared to the consensus estimate of $12.09 billion. During the same quarter last year, the firm earned $0.41 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was down 10.4% on a year-over-year basis. Equities analysts predict that Hewlett Packard Enterprise will post $1.47 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, June 12th. This represents a $0.26 dividend on an annualized basis and a yield of 1.42%. Hewlett Packard Enterprise’s dividend payout ratio is currently 14.21%.
In related news, EVP Michael G. Nefkens sold 322,733 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $22.64, for a total transaction of $7,306,675.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John F. Schultz sold 17,176 shares of the company’s stock in a transaction on Friday, March 31st. The stock was sold at an average price of $24.00, for a total transaction of $412,224.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,500,214 shares of company stock valued at $33,569,384 over the last quarter. 0.87% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Dodge & Cox bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $4,831,636,000. Hotchkis & Wiley Capital Management LLC boosted its stake in 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. AQR Capital Management LLC boosted its stake in 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. BlackRock Fund Advisors boosted its position in shares of Hewlett Packard Enterprise by 4.6% in the third quarter. BlackRock Fund Advisors now owns 20,919,461 shares of the technology company’s stock worth $475,918,000 after buying an additional 915,768 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Hewlett Packard Enterprise by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,865,314 shares of the technology company’s stock worth $413,423,000 after buying an additional 259,694 shares in the last quarter. Institutional investors and hedge funds own 79.10% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, 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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