Shares of Hewlett Packard Enterprise Co (NYSE:HPE) have been given a consensus recommendation of “Hold” by the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $16.50.
Several equities research analysts have recently issued reports on the stock. Longbow Research assumed coverage on shares of Hewlett Packard Enterprise in a research note on Friday, June 21st. They set a “neutral” rating and a $15.00 price target for the company. Daiwa Capital Markets assumed coverage on shares of Hewlett Packard Enterprise in a research note on Monday, April 1st. They set a “hold” rating and a $16.00 price target for the company. Evercore ISI assumed coverage on shares of Sensata Technologies in a research note on Wednesday, June 5th. They set an “in-line” rating and a $50.00 price target for the company. Credit Suisse Group raised their price target on shares of Delta Air Lines from $37.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, Zacks Investment Research lowered shares of Horiba from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd.
In related news, insider Irv Rothman sold 84,629 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $13.85, for a total value of $1,172,111.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip Davis sold 16,412 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $14.33, for a total transaction of $235,183.96. The disclosure for this sale can be found here. Insiders sold a total of 111,129 shares of company stock valued at $1,558,212 over the last quarter. 0.56% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in HPE. Cerebellum GP LLC purchased a new position in Hewlett Packard Enterprise in the 1st quarter valued at approximately $25,000. Liberty Wealth Management LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at $34,000. Truewealth LLC boosted its holdings in Hewlett Packard Enterprise by 72.7% in the 2nd quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,000 shares during the period. Thor Advisors LLC bought a new position in Hewlett Packard Enterprise in the 1st quarter valued at $37,000. Finally, Truvestments Capital LLC bought a new position in Hewlett Packard Enterprise in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 81.95% of the company’s stock.
NYSE:HPE traded up $0.09 on Tuesday, hitting $14.84. The stock had a trading volume of 5,765,012 shares, compared to its average volume of 8,269,831. The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 0.57. The firm has a market cap of $19.87 billion, a PE ratio of 9.51, a P/E/G ratio of 1.37 and a beta of 1.59. Hewlett Packard Enterprise has a 1 year low of $12.09 and a 1 year high of $17.59. The firm’s fifty day simple moving average is $14.62.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, May 23rd. The technology company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The firm had revenue of $7.15 billion during the quarter, compared to analyst estimates of $7.38 billion. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. Research analysts expect that Hewlett Packard Enterprise will post 1.67 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be paid a $0.112 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.45 dividend on an annualized basis and a yield of 3.02%. Hewlett Packard Enterprise’s dividend payout ratio is 28.85%.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.