Barclays PLC Reiterates “Sell” Rating for Hewlett Packard Enterprise Company (HPE)

Barclays PLC reissued their sell rating on shares of Hewlett Packard Enterprise Company (NYSE:HPE) in a report released on Friday, September 8th. They currently have a $14.00 target price on the technology company’s stock.

Several other research analysts have also issued reports on HPE. BidaskClub upgraded shares of Hewlett Packard Enterprise from a sell rating to a hold rating in a report on Monday, August 14th. Loop Capital restated a hold rating and set a $14.50 price target (down previously from $17.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 8th. Maxim Group restated a hold rating and set a $14.00 price target (down previously from $18.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. UBS AG restated a buy rating and set a $16.00 price target (down previously from $21.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. They noted that the move was a valuation call. Finally, Morgan Stanley reaffirmed an equal weight rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, August 18th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $19.03.

Shares of Hewlett Packard Enterprise (NYSE HPE) traded up 0.37% on Friday, reaching $13.52. 15,605,995 shares of the company were exchanged. The company’s 50-day moving average price is $13.61 and its 200 day moving average price is $13.66. The company has a market cap of $22.21 billion, a price-to-earnings ratio of 10.25 and a beta of 2.72. Hewlett Packard Enterprise has a 12 month low of $12.26 and a 12 month high of $14.86.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the business earned $0.49 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Hewlett Packard Enterprise will post $1.40 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is 371.48%.

In other news, CEO Margaret C. Whitman sold 249,052 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $13.14, for a total transaction of $3,272,543.28. Following the sale, the chief executive officer now directly owns 892,118 shares in the company, valued at approximately $11,722,430.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Margaret C. Whitman sold 389,668 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $17.64, for a total value of $6,873,743.52. Following the sale, the chief executive officer now owns 962,433 shares in the company, valued at $16,977,318.12. The disclosure for this sale can be found here. Insiders have sold a total of 2,212,729 shares of company stock worth $37,471,052 over the last quarter. Company insiders own 0.87% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $125,000. Harfst & Associates Inc. bought a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $127,000. WFG Advisors LP raised its stake in Hewlett Packard Enterprise by 15.3% in the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after acquiring an additional 801 shares during the period. YorkBridge Wealth Partners LLC raised its stake in Hewlett Packard Enterprise by 12.1% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after acquiring an additional 675 shares during the period. Finally, Guardian Life Insurance Co. of America raised its stake in Hewlett Packard Enterprise by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock valued at $152,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 80.21% of the company’s stock.

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).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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