HPE has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on Hewlett Packard Enterprise from $20.00 to $21.00 and gave the stock an overweight rating in a research report on Wednesday, May 23rd. Maxim Group boosted their price target on Hewlett Packard Enterprise from $15.00 to $17.00 and gave the stock a hold rating in a research report on Friday, February 23rd. Pivotal Research reaffirmed a hold rating and set a $20.00 price target (up previously from $13.00) on shares of Hewlett Packard Enterprise in a research report on Friday, February 23rd. Zacks Investment Research upgraded Hewlett Packard Enterprise from a hold rating to a strong-buy rating and set a $21.00 target price for the company in a research note on Tuesday, February 27th. Finally, Barclays reiterated a sell rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, May 23rd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $17.45.
In other Hewlett Packard Enterprise news, insider Keerti Melkote sold 87,113 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $18.87, for a total value of $1,643,822.31. Following the transaction, the insider now owns 87,113 shares in the company, valued at $1,643,822.31. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Margaret C. Whitman sold 674,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $18.88, for a total value of $12,725,120.00. Following the completion of the transaction, the director now owns 2,167,693 shares in the company, valued at approximately $40,926,043.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,011,027 shares of company stock worth $154,328,736. 1.18% of the stock is owned by corporate insiders.
Hewlett Packard Enterprise traded up $0.08, reaching $16.00, on Friday, according to Marketbeat Ratings. The stock had a trading volume of 414,746 shares, compared to its average volume of 14,399,632. The stock has a market cap of $25.10 billion, a PE ratio of 16.63, a PEG ratio of 1.16 and a beta of 1.76. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise has a fifty-two week low of $12.69 and a fifty-two week high of $19.48.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, May 22nd. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The company had revenue of $7.47 billion during the quarter, compared to analysts expectations of $7.39 billion. Hewlett Packard Enterprise had a return on equity of 8.25% and a net margin of 9.36%. The businesss quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. equities research analysts expect that Hewlett Packard Enterprise will post 1.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 4th. Investors of record on Wednesday, June 13th will be given a dividend of $0.1125 per share. This is a positive change from Hewlett Packard Enterprises previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $0.45 annualized dividend and a dividend yield of 2.81%. Hewlett Packard Enterprises dividend payout ratio is presently 31.25%.
Hewlett Packard Enterprise announced that its Board of Directors has approved a stock repurchase program on Thursday, February 22nd that authorizes the company to repurchase $5.50 billion in shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the companys leadership believes its stock is undervalued.
This article provided by NewsEdge.