Hewlett Packard Enterprise (NYSE:HPE) Now Covered by KeyCorp

KeyCorp began coverage on shares of Hewlett Packard Enterprise (NYSE:HPE) in a research note released on Thursday morning, MarketBeat Ratings reports. The firm issued a sector weight rating on the technology company’s stock.

HPE has been the topic of several other reports. Evercore ISI upgraded Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and increased their price target for the company from $17.00 to $22.00 in a research note on Tuesday, May 20th. Bank of America lowered their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Wells Fargo & Company upped their price target on shares of Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 4th. Finally, Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus price target of $21.31.

Hewlett Packard Enterprise Trading Down 0.6%

Shares of NYSE HPE opened at $18.38 on Thursday. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The business has a fifty day moving average price of $17.30 and a 200 day moving average price of $18.67. The stock has a market capitalization of $24.12 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 2.71 and a beta of 1.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same period in the prior year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that Hewlett Packard Enterprise will post 1.85 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 17th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.83%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 52.53%.

Insider Activity at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.36% of the stock is owned by company insiders.

Institutional Trading of Hewlett Packard Enterprise

A number of hedge funds have recently added to or reduced their stakes in HPE. Putney Financial Group LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $25,000. Alpine Bank Wealth Management purchased a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at about $25,000. Bruce G. Allen Investments LLC increased its stake in shares of Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Hewlett Packard Enterprise in the 1st quarter worth about $27,000. Finally, Hara Capital LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $28,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

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.