Hewlett Packard Enterprise (NYSE:HPE) Upgraded to “Buy” at Argus

Argus upgraded shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) from a hold rating to a buy rating in a research note issued to investors on Friday morning, MarketBeat reports. They currently have $26.00 price target on the technology company’s stock.

Several other research firms also recently issued reports on HPE. Susquehanna lifted their price target on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a neutral rating in a research note on Wednesday. StockNews.com raised shares of Hewlett Packard Enterprise from a hold rating to a buy rating in a report on Wednesday. UBS Group increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a neutral rating in a research report on Wednesday. Sanford C. Bernstein upped their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a market perform rating in a research note on Wednesday. Finally, Stifel Nicolaus increased their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a buy rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $20.69.

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Hewlett Packard Enterprise Stock Up 2.2 %

Shares of NYSE HPE opened at $20.03 on Friday. The stock has a market capitalization of $26.04 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 3.60 and a beta of 1.18. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $20.43. The firm has a 50-day moving average price of $17.67 and a 200 day moving average price of $16.79. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last posted its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.55%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, June 19th will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.60%. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares of the company’s stock, valued at $263,575.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of large investors have recently modified their holdings of the company. Rise Advisors LLC increased its position in Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter worth $33,000. Salem Investment Counselors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 180.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,261 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth $35,000. Finally, American National Bank boosted its position in Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after purchasing an additional 920 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

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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. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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