Hewlett Packard Enterprise (NYSE:HPE - Free Report) had its price objective upped by Evercore ISI from $22.00 to $25.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an outperform rating on the technology company's stock.
Several other analysts have also recently weighed in on HPE. Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a research report on Thursday, July 3rd. UBS Group raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. KeyCorp started coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Loop Capital raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, June 9th. Finally, Bank of America increased their target price on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a report on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $22.15.
Get Our Latest Stock Analysis on HPE
Hewlett Packard Enterprise Price Performance
NYSE HPE traded down $0.57 on Friday, hitting $20.72. The stock had a trading volume of 20,877,305 shares, compared to its average volume of 17,039,490. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The company has a market capitalization of $27.19 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 3.07 and a beta of 1.35. The firm has a 50-day moving average of $18.36 and a 200-day moving average of $18.61.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The business had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same period in the prior year, the company posted $0.42 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts expect that Hewlett Packard Enterprise will post 1.85 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.51%. Hewlett Packard Enterprise's payout ratio is 52.53%.
Insider Activity at Hewlett Packard Enterprise
In related news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,590 shares of company stock valued at $2,436,000 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Hewlett Packard Enterprise
A number of hedge funds and other institutional investors have recently modified their holdings of HPE. National Bank of Canada FI raised its stake in shares of Hewlett Packard Enterprise by 1,369.1% in the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock valued at $251,192,000 after acquiring an additional 15,171,314 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Hewlett Packard Enterprise by 3,847.1% in the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company's stock valued at $180,599,000 after acquiring an additional 8,607,523 shares during the period. Norges Bank purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $119,067,000. Slate Path Capital LP raised its stake in shares of Hewlett Packard Enterprise by 44.8% in the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock valued at $270,914,000 after acquiring an additional 3,924,039 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 45.6% in the first quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock valued at $193,078,000 after acquiring an additional 3,922,516 shares during the period. Institutional investors own 80.78% of the company's stock.
About Hewlett Packard Enterprise
(
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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. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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