Hewlett Packard Enterprise (HPE) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hewlett Packard Enterprise (NYSE:HPE) have earned an average recommendation of “Hold” from the thirty-two ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $17.46.

HPE has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, March 20th. BMO Capital Markets upped their target price on Hewlett Packard Enterprise from $14.00 to $19.00 and gave the company a “market perform” rating in a report on Friday, February 23rd. Pivotal Research restated a “hold” rating and set a $20.00 target price (up previously from $13.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. Finally, UBS restated a “neutral” rating and set a $19.00 target price (up previously from $15.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd.

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In other news, Director Margaret C. Whitman sold 674,000 shares of the stock in a transaction on Thursday, April 19th. The stock was sold at an average price of $17.56, for a total value of $11,835,440.00. Following the sale, the director now directly owns 2,169,760 shares of the company’s stock, valued at $38,100,985.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Margaret C. Whitman sold 337,000 shares of the stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $17.26, for a total value of $5,816,620.00. Following the completion of the sale, the director now directly owns 1,889,514 shares in the company, valued at $32,613,011.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,693,755 shares of company stock worth $101,280,848. Insiders own 1.18% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Hewlett Packard Enterprise by 10.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 243,649 shares of the technology company’s stock worth $3,499,000 after acquiring an additional 23,602 shares during the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of Hewlett Packard Enterprise by 6.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 287,716 shares of the technology company’s stock worth $4,132,000 after acquiring an additional 16,285 shares during the last quarter. Letko Brosseau & Associates Inc. grew its stake in shares of Hewlett Packard Enterprise by 0.5% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 3,275,159 shares of the technology company’s stock worth $47,031,000 after acquiring an additional 17,500 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of Hewlett Packard Enterprise by 54.2% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 115,000 shares of the technology company’s stock worth $1,651,000 after acquiring an additional 40,400 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $7,087,000. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hewlett Packard Enterprise stock opened at $17.29 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 0.42. The company has a market cap of $27,281.47, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.46 and a beta of 1.86. Hewlett Packard Enterprise has a 52 week low of $12.69 and a 52 week high of $19.48.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, February 22nd. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The company had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.07 billion. Hewlett Packard Enterprise had a return on equity of 7.40% and a net margin of 4.52%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. equities analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise announced that its board has approved a share repurchase program on Thursday, February 22nd that authorizes the company to repurchase $5.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 4th. Stockholders of record on Wednesday, June 13th will be paid a $0.1125 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Tuesday, June 12th. Hewlett Packard Enterprise’s dividend payout ratio is currently 31.25%.

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About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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