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Hewlett Packard Enterprise (NYSE:HPE) Receives Average Rating of “Hold” from Brokerages


Hewlett Packard Enterprise (NYSE:HPEGet Rating) has been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $16.95.

Several research analysts recently issued reports on HPE shares. JPMorgan Chase & Co. cut their target price on shares of Hewlett Packard Enterprise from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. Morgan Stanley lowered Hewlett Packard Enterprise from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $17.00 to $15.00 in a research report on Tuesday, April 12th. They noted that the move was a valuation call. Raymond James restated an “outperform” rating and set a $19.00 price target (down from $20.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 21st. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, KGI Securities started coverage on Hewlett Packard Enterprise in a report on Tuesday, April 19th. They set an “outperform” rating for the company.

Hewlett Packard Enterprise Stock Performance

HPE opened at $13.78 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.64 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average price is $14.26 and its two-hundred day moving average price is $15.71. Hewlett Packard Enterprise has a 1-year low of $12.40 and a 1-year high of $17.76. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 2.93 and a beta of 1.17.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last posted its earnings results on Wednesday, June 1st. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.06). Hewlett Packard Enterprise had a return on equity of 19.01% and a net margin of 13.28%. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same period in the prior year, the business earned $0.19 EPS. Hewlett Packard Enterprise’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts expect that Hewlett Packard Enterprise will post 1.21 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Monday, June 13th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Friday, June 10th. Hewlett Packard Enterprise’s payout ratio is 17.27%.

Insider Buying and Selling

In other news, EVP Thomas E. Black, Jr. sold 28,347 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $15.26, for a total transaction of $432,575.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Alan Richard May sold 94,705 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the completion of the transaction, the executive vice president now owns 310,500 shares in the company, valued at approximately $4,682,340. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas E. Black, Jr. sold 28,347 shares of the company’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $15.26, for a total transaction of $432,575.22. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HPE. International Assets Investment Management LLC boosted its position in shares of Hewlett Packard Enterprise by 2.8% during the 1st quarter. International Assets Investment Management LLC now owns 29,846 shares of the technology company’s stock worth $499,000 after acquiring an additional 808 shares in the last quarter. Spire Wealth Management raised its stake in shares of Hewlett Packard Enterprise by 14.9% during the 4th quarter. Spire Wealth Management now owns 6,302 shares of the technology company’s stock worth $99,000 after buying an additional 817 shares in the last quarter. Forum Financial Management LP raised its stake in shares of Hewlett Packard Enterprise by 4.5% during the 1st quarter. Forum Financial Management LP now owns 19,650 shares of the technology company’s stock worth $328,000 after buying an additional 841 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Hewlett Packard Enterprise by 0.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 295,684 shares of the technology company’s stock worth $4,663,000 after buying an additional 891 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in Hewlett Packard Enterprise by 47.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,851 shares of the technology company’s stock worth $45,000 after purchasing an additional 919 shares during the last quarter. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

(Get Rating)

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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