Hewlett Packard Enterprise Company (HPE) Receives Average Rating of “Hold” from Analysts

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have earned an average recommendation of “Hold” from the thirty-five ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $15.86.

HPE has been the topic of a number of research analyst reports. Zacks Investment Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. UBS Group lowered Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $15.00 in a report on Friday, October 20th. Wells Fargo & Co started coverage on Hewlett Packard Enterprise in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $15.00 price target for the company. Gabelli reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $15.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th.

In other Hewlett Packard Enterprise news, EVP Henry Gomez sold 119,515 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $14.87, for a total transaction of $1,777,188.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan Richard May sold 7,607 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $14.42, for a total value of $109,692.94. Following the sale, the executive vice president now owns 100,079 shares of the company’s stock, valued at $1,443,139.18. The disclosure for this sale can be found here. Insiders have sold a total of 743,330 shares of company stock valued at $10,504,296 over the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its stake in shares of Hewlett Packard Enterprise by 3.2% during 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. Westside Investment Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.5% during the 2nd quarter. Westside Investment Management Inc. now owns 17,432 shares of the technology company’s stock worth $292,000 after purchasing an additional 250 shares in the last quarter. Meridian Investment Counsel Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.5% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 23,557 shares of the technology company’s stock worth $391,000 after purchasing an additional 350 shares in the last quarter. Eaton Vance Management raised its stake in shares of Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Eaton Vance Management now owns 119,482 shares of the technology company’s stock worth $1,982,000 after purchasing an additional 586 shares in the last quarter. Finally, WFG Advisors LP raised its stake in shares of Hewlett Packard Enterprise by 15.3% during 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. 83.43% of the stock is owned by institutional investors.

Hewlett Packard Enterprise (HPE) opened at $15.45 on Friday. The stock has a market capitalization of $24,630.00 and a PE ratio of 61.80. Hewlett Packard Enterprise has a fifty-two week low of $12.81 and a fifty-two week high of $24.88. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.78 billion. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. Hewlett Packard Enterprise’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. analysts anticipate that Hewlett Packard Enterprise will post 1.18 EPS for the current year.

Hewlett Packard Enterprise announced that its Board of Directors has approved a share buyback program on Wednesday, October 18th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 1.94%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 120.00%.

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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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