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.

Hewlett Packard Enterprise Trading Up 0.4 %

Shares of Hewlett Packard Enterprise stock opened at $14.86 on Tuesday. Hewlett Packard Enterprise has a 52-week low of $12.40 and a 52-week high of $17.76. The stock's 50-day simple moving average is $13.83 and its 200 day simple moving average is $15.38. The stock has a market capitalization of $19.31 billion, a P/E ratio of 5.29, a P/E/G ratio of 3.27 and a beta of 1.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.64 and a current ratio of 0.90.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Monday, June 13th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Friday, June 10th. Hewlett Packard Enterprise's payout ratio is presently 17.27%.

Analyst Ratings Changes

A number of research firms have issued reports on HPE. KGI Securities began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, April 19th. They set an "outperform" rating on the stock. Evercore ISI lowered their target price on 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. Deutsche Bank Aktiengesellschaft cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating and lowered their target price for the stock from $18.00 to $16.00 in a research note on Tuesday, June 14th. JPMorgan Chase & Co. lowered their target price on Hewlett Packard Enterprise from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th. Finally, Citigroup lowered their target price on Hewlett Packard Enterprise from $14.00 to $13.50 and set a "sell" rating on the stock in a research note on Thursday, June 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Hold" and an average price target of $16.95.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Thomas E. Black, Jr. sold 28,347 shares of Hewlett Packard Enterprise 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 legal filing with the SEC, which is available through the SEC website. Also, EVP Alan Richard May sold 94,705 shares of the company's stock in a transaction that occurred on Friday, June 3rd. The stock was 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 $4,682,340. The disclosure for this sale can be found here. Insiders own 0.45% of the company's stock.