Hewlett Packard Enterprise Company (HPE) Stock Rating Reaffirmed by Sanford C. Bernstein

Sanford C. Bernstein reaffirmed their outperform rating on shares of Hewlett Packard Enterprise Company (NYSE:HPE) in a research note published on Monday, September 18th. They currently have a $18.00 price target on the technology company’s stock.

Several other equities research analysts also recently commented on HPE. Credit Suisse Group reaffirmed a buy rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. Stifel Nicolaus reissued a hold rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, May 26th. Robert W. Baird reissued a hold rating on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Barclays PLC reissued an underweight rating and issued a $17.00 price target (down from $18.00) on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Finally, Morgan Stanley restated an equal weight rating and issued a $18.00 price objective (up from $17.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Hewlett Packard Enterprise has an average rating of Hold and an average price target of $18.79.

Hewlett Packard Enterprise (NYSE:HPE) opened at 14.70 on Monday. Hewlett Packard Enterprise has a 12-month low of $12.26 and a 12-month high of $14.86. The company has a market cap of $23.81 billion, a P/E ratio of 204.17 and a beta of 2.72. The stock’s 50 day moving average is $13.61 and its 200 day moving average is $13.67.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. On average, equities analysts forecast that Hewlett Packard Enterprise will post $1.40 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, October 4th. Investors of record on Wednesday, September 13th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 annualized dividend and a yield of 1.77%. Hewlett Packard Enterprise’s payout ratio is 371.48%.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 389,668 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the completion of the sale, the chief executive officer now directly owns 962,433 shares in the company, valued at approximately $17,150,556.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Margaret C. Whitman sold 249,052 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $13.14, for a total value of $3,272,543.28. Following the sale, the chief executive officer now owns 892,118 shares of the company’s stock, valued at $11,722,430.52. The disclosure for this sale can be found here. Insiders sold a total of 2,266,908 shares of company stock valued at $37,619,353 over the last quarter. 0.87% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of HPE. WFG Advisors LP lifted its holdings 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 worth $100,000 after purchasing an additional 801 shares in the last quarter. Archford Capital Strategies LLC lifted its holdings in Hewlett Packard Enterprise by 6,858.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after purchasing an additional 7,476 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Hewlett Packard Enterprise by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after purchasing an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Hewlett Packard Enterprise by 4.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after purchasing an add

Several other equities research analysts also recently commented on HPE. Credit Suisse Group reaffirmed a buy rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. Stifel Nicolaus reissued a hold rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, May 26th. Robert W. Baird reissued a hold rating on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Barclays PLC reissued an underweight rating and issued a $17.00 price target (down from $18.00) on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Finally, Morgan Stanley restated an equal weight rating and issued a $18.00 price objective (up from $17.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Hewlett Packard Enterprise has an average rating of Hold and an average price target of $18.79.

Hewlett Packard Enterprise (NYSE:HPE) opened at 14.70 on Monday. Hewlett Packard Enterprise has a 12-month low of $12.26 and a 12-month high of $14.86. The company has a market cap of $23.81 billion, a P/E ratio of 204.17 and a beta of 2.72. The stock’s 50 day moving average is $13.61 and its 200 day moving average is $13.67.

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

ILLEGAL ACTIVITY WARNING: This piece of content was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://ledgergazette.com/2017/09/26/hewlett-packard-enterprise-company-hpe-given-outperform-rating-at-sanford-c-bernstein.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 annualized dividend and a yield of 1.77%. Hewlett Packard Enterprise’s payout ratio is 371.48%.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 389,668 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the completion of the sale, the chief executive officer now directly owns 962,433 shares in the company, valued at approximately $17,150,556.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Margaret C. Whitman sold 249,052 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $13.14, for a total value of $3,272,543.28. Following the sale, the chief executive officer now owns 892,118 shares of the company’s stock, valued at $11,722,430.52. The disclosure for this sale can be found here. Insiders sold a total of 2,266,908 shares of company stock valued at $37,619,353 over the last quarter. 0.87% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of HPE. WFG Advisors LP lifted its holdings 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 worth $100,000 after purchasing an additional 801 shares in the last quarter. Archford Capital Strategies LLC lifted its holdings in Hewlett Packard Enterprise by 6,858.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after purchasing an additional 7,476 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Hewlett Packard Enterprise by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after purchasing an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Hewlett Packard Enterprise by 4.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after purchasing an additional 266 shares in the last quarter. Finally, Harfst & Associates Inc. bought a new stake in Hewlett Packard Enterprise in the 1st quarter worth approximately $127,000. 81.34% of the stock is currently 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).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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