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 Stock Performance

Shares of NYSE:HPE traded up $0.24 during trading on Thursday, hitting $15.17. The stock had a trading volume of 10,958,185 shares, compared to its average volume of 10,663,191. The company has a quick ratio of 0.64, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise has a 12-month low of $12.40 and a 12-month high of $17.76. The stock has a market capitalization of $19.71 billion, a price-to-earnings ratio of 5.37, a price-to-earnings-growth ratio of 3.02 and a beta of 1.15. The stock has a 50-day simple moving average of $13.82 and a two-hundred day simple moving average of $15.36.

Hewlett Packard Enterprise (NYSE:HPE - Get Rating) last released its quarterly earnings data 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 net margin of 13.28% and a return on equity of 19.01%. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $6.80 billion. During the same period last year, the company earned $0.19 earnings per share. The firm's revenue was up .0% on a year-over-year basis. On average, equities research analysts expect that Hewlett Packard Enterprise will post 1.32 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Monday, June 13th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 10th. This represents a $0.48 annualized dividend and a dividend yield of 3.16%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 17.27%.

Analyst Ratings Changes

HPE has been the topic of several research analyst reports. Credit Suisse Group began coverage on Hewlett Packard Enterprise in a research note on Tuesday. They issued an "outperform" rating and a $18.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered Hewlett Packard Enterprise from a "buy" rating to a "hold" rating and cut their price target for the company from $18.00 to $16.00 in a research note on Tuesday, June 14th. Bank of America lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $19.00 to $16.00 in a research note on Friday, May 20th. Raymond James restated an "outperform" rating and issued a $19.00 price target (down previously from $20.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 21st. Finally, Barclays cut their price objective on shares of Hewlett Packard Enterprise from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, June 2nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of "Hold" and an average target price of $17.04.

Insider Buying and Selling

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 stock was 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 accessible through this link. In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 94,705 shares of the firm'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 value of $1,428,151.40. Following the sale, the executive vice president now directly owns 310,500 shares of the company's stock, valued at $4,682,340. The sale was disclosed in a 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 that occurred on Tuesday, June 7th. The stock was sold at an average price of $15.26, for a total value of $432,575.22. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.