Hewlett Packard Enterprise - HPE Stock Forecast, Price & News

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. It also offers HPE Apollo and Cray products; and HPE Superdome Flex, HPE Nonstop, HPE Integrity, and HPE Edgeline products. In addition, the company provides HPE Aruba product portfolio that includes wired and wireless local area network hardware products, such as Wi-Fi access points, switches, routers, and sensors; HPE Aruba software and services comprising cloud-based management, network management, network access control, analytics and assurance, and location; and professional and support services, as well as as-a-service and consumption models for the intelligent edge portfolio of products. Further, it offers various leasing, financing, IT consumption, and utility programs and asset management services for customers to facilitate technology deployment models and the acquisition of complete IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others. Additionally, the company invests in communications and media solutions. It has a partnership with Striim, Inc. to offer high performance and mission-critical solutions with real-time analytics. It serves commercial and large enterprise groups, such as business and public sector enterprises; and through various partners comprising resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. Hewlett Packard Enterprise Company was founded in 1939 and is headquartered in Houston, Texas.

Analysts Set New Price Targets

HPE has been the topic of several research reports. JPMorgan Chase & Co. lowered their price target on shares of Hewlett Packard Enterprise from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, July 14th. Evercore ISI cut their target price on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 28th. Barclays lowered their price target on shares of Hewlett Packard Enterprise from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, June 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating and lowered their price target for the company from $18.00 to $16.00 in a report on Tuesday, June 14th. Finally, Raymond James reaffirmed an "outperform" rating and set a $19.00 price target (down from $20.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 21st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $16.95.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $14.80 on Friday. The firm's 50 day simple moving average is $13.83 and its 200-day simple moving average is $15.38. The company has a market cap of $19.23 billion, a P/E ratio of 5.32, a price-to-earnings-growth ratio of 3.24 and a beta of 1.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.64. Hewlett Packard Enterprise has a fifty-two week low of $12.40 and a fifty-two week high of $17.76.

Hewlett Packard Enterprise (NYSE:HPE - Get Rating) last released its earnings results on Wednesday, June 1st. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). The firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $6.80 billion. Hewlett Packard Enterprise had a return on equity of 19.01% and a net margin of 13.28%. The business's revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $0.19 earnings per share. As a group, equities research analysts predict that Hewlett Packard Enterprise will post 1.21 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Investors of record on Monday, June 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Friday, June 10th. Hewlett Packard Enterprise's payout ratio is presently 17.27%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Thomas E. Black, Jr. sold 28,347 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $15.26, for a total value of $432,575.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Alan Richard May sold 94,705 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 310,500 shares in the company, valued at approximately $4,682,340. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas E. Black, Jr. sold 28,347 shares of the stock in a transaction on 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. Company insiders own 0.45% of the company's stock.