A number of other analysts also recently commented on the stock. ValuEngine downgraded shares of Hewlett Packard Enterprise from a buy rating to a hold rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Hewlett Packard Enterprise from a buy rating to a hold rating in a report on Monday, April 30th. JPMorgan Chase began coverage on shares of Hewlett Packard Enterprise in a report on Friday, March 2nd. They issued a neutral rating and a $21.00 price objective for the company. UBS reiterated a neutral rating and issued a $19.00 price objective (up previously from $15.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd. Finally, BMO Capital Markets increased their price objective on shares of Hewlett Packard Enterprise from $14.00 to $19.00 and gave the company a market perform rating in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $17.38.
HPE stock opened at $17.56 on Thursday. The stock has a market capitalization of $27.52 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.47 and a beta of 1.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.06 and a quick ratio of 0.93. Hewlett Packard Enterprise has a 12 month low of $12.69 and a 12 month high of $19.48.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. The company had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.07 billion. Hewlett Packard Enterprise had a net margin of 4.52% and a return on equity of 7.40%. Hewlett Packard Enterprise’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. sell-side analysts expect that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 4th. Investors of record on Wednesday, June 13th will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 31.25%.
Hewlett Packard Enterprise declared that its board has authorized a share buyback program on Thursday, February 22nd that authorizes the company to buyback $5.50 billion in shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
In related news, Director Margaret C. Whitman sold 674,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $19.14, for a total transaction of $12,900,360.00. Following the completion of the transaction, the director now owns 2,167,693 shares of the company’s stock, valued at approximately $41,489,644.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kirt P. Karros sold 27,720 shares of the stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $17.47, for a total transaction of $484,268.40. Following the transaction, the senior vice president now directly owns 42,369 shares of the company’s stock, valued at approximately $740,186.43. The disclosure for this sale can be found here. Insiders have sold a total of 7,370,096 shares of company stock valued at $131,431,749 in the last ninety days. 1.18% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of HPE. Pzena Investment Management LLC boosted its position in shares of Hewlett Packard Enterprise by 18.6% during the 4th quarter. Pzena Investment Management LLC now owns 44,553,009 shares of the technology company’s stock worth $639,781,000 after purchasing an additional 6,992,169 shares during the period. Prudential Financial Inc. boosted its position in shares of Hewlett Packard Enterprise by 196.3% during the 1st quarter. Prudential Financial Inc. now owns 8,753,931 shares of the technology company’s stock worth $153,544,000 after purchasing an additional 5,799,831 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Hewlett Packard Enterprise by 103.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,212,636 shares of the technology company’s stock worth $117,933,000 after purchasing an additional 4,174,106 shares during the period. Millennium Management LLC boosted its position in shares of Hewlett Packard Enterprise by 2,277.0% during the 1st quarter. Millennium Management LLC now owns 3,824,026 shares of the technology company’s stock worth $67,073,000 after purchasing an additional 3,663,150 shares during the period. Finally, Schroder Investment Management Group boosted its position in shares of Hewlett Packard Enterprise by 28.9% during the 4th quarter. Schroder Investment Management Group now owns 16,075,656 shares of the technology company’s stock worth $230,846,000 after purchasing an additional 3,600,481 shares during the period. 81.85% of the stock is owned by hedge funds and other institutional investors.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company provides technology solutions to business and public sector enterprises. It operates through Enterprise Group, Financial Services, and Corporate Investments segments. The Enterprise Group segment offers industry standard servers and mission-critical servers to address the array of its customers' computing needs; converged storage solutions, including 3PAR StoreServ, StoreOnce, and StoreVirtual products, as well as traditional storage solutions, such as tape, storage networking, and legacy external disk products for enterprise and small- and medium-size business; software-defined switches, routers, wireless local area network equipment, network virtualization equipment, security software, location-based services, and network management products; and data center care, proactive care, and technology consulting services, as well as Aruba Services, and communications and media solutions.
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