Hewlett Packard Enterprise Company (HPE) Earns Outperform Rating from Sanford C. Bernstein

Sanford C. Bernstein reiterated their outperform rating on shares of Hewlett Packard Enterprise Company (NYSE:HPE) in a report published on Monday morning. Sanford C. Bernstein currently has a $18.00 target price on the technology company’s stock.

HPE has been the topic of several other reports. Barclays PLC reiterated a sell rating and set a $14.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 8th. CIBC reduced their price objective on Hewlett Packard Enterprise from $27.00 to $21.00 and set a buy rating on the stock in a research report on Tuesday, July 4th. BidaskClub lowered Hewlett Packard Enterprise from a hold rating to a sell rating in a research report on Saturday, August 5th. Maxim Group reiterated a hold rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, July 14th. Finally, Loop Capital assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, August 22nd. They set a hold rating and a $17.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $18.79.

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 13.63 on Monday. The firm has a market capitalization of $22.07 billion, a price-to-earnings ratio of 189.31 and a beta of 2.72. Hewlett Packard Enterprise has a 52 week low of $12.26 and a 52 week high of $14.86. The stock’s 50 day moving average price is $13.61 and its 200-day moving average price is $13.67.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. Equities analysts predict that Hewlett Packard Enterprise will post $1.40 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is 371.48%.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 249,052 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $13.14, for a total value of $3,272,543.28. Following the completion of the sale, the chief executive officer now owns 892,118 shares of the company’s stock, valued at approximately $11,722,430.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 249,023 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 18th. The stock was sold at an average price of $13.67, for a total value of $3,404,144.41. Following the completion of the sale, the chief executive officer now directly owns 1,016,622 shares of the company’s stock, valued at approximately $13,897,222.74. The disclosure for this sale can be found here. In the last three months, insiders sold 2,266,908 shares of company stock valued at $37,619,353. Corporate insiders own 0.87% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Dodge & Cox grew its holdings in shares of Hewlett Packard Enterprise by 12.2% in the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after acquiring an additional 25,852,541 shares during the period. Vanguard Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 1.4% in the second quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock worth $1,839,114,000 after acquiring an additional 1,508,612 shares during the period. BlackRock Inc. grew its holdings in shares of Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after acquiring an additional 95,915,907 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 32.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after acquiring an additional 16,592,308 shares during the period. Finally, Primecap Management Co. CA grew its holdings in shares of Hewlett Packard Enterprise by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after acquiring an additional 5,394,147 shares during the period. 81.34% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company Profile

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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