Jefferies Group LLC Reaffirms Buy Rating for Hewlett Packard Enterprise Company (HPE)

Jefferies Group LLC reissued their buy rating on shares of Hewlett Packard Enterprise Company (NYSE:HPE) in a report issued on Wednesday morning. They currently have a $17.50 target price on the technology company’s stock, down from their prior target price of $22.00. Jefferies Group also issued estimates for Hewlett Packard Enterprise’s Q4 2017 earnings at $0.28 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.16 EPS.

A number of other equities research analysts have also weighed in on HPE. Barclays PLC cut their price objective on Hewlett Packard Enterprise from $21.00 to $18.00 and set an underweight rating on the stock in a research report on Wednesday, May 10th. Credit Suisse Group restated a buy rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 23rd. Stifel Nicolaus restated a hold rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. Robert W. Baird restated a hold rating on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Finally, Morgan Stanley restated an equal weight rating and issued a $18.00 target price (up previously from $17.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Hewlett Packard Enterprise presently has a consensus rating of Hold and an average price target of $19.03.

Hewlett Packard Enterprise (NYSE HPE) opened at 13.12 on Wednesday. The firm has a market capitalization of $21.55 billion, a price-to-earnings ratio of 9.95 and a beta of 2.72. Hewlett Packard Enterprise has a 52 week low of $11.99 and a 52 week high of $14.86. The firm has a 50-day moving average price of $13.68 and a 200 day moving average price of $13.68.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks’ 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 business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. On average, equities research analysts forecast that Hewlett Packard Enterprise will post $1.39 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is currently 371.48%.

In related news, CEO Margaret C. Whitman sold 132,192 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total value of $2,208,928.32. Following the completion of the sale, the chief executive officer now owns 865,021 shares of the company’s stock, valued at $14,454,500.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher P. Hsu sold 15,333 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $17.67, for a total value of $270,934.11. Following the completion of the sale, the executive vice president now directly owns 15,333 shares of the company’s stock, valued at approximately $270,934.11. The disclosure for this sale can be found here. Insiders sold 1,963,677 shares of company stock valued at $34,198,508 in the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Guardian Life Insurance Co. of America grew its holdings in shares of Hewlett Packard Enterprise by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock worth $152,000 after acquiring an additional 43 shares during the period. Buckingham Asset Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 0.5% in the first quarter. Buckingham Asset Management LLC now owns 19,748 shares of the technology company’s stock worth $468,000 after acquiring an additional 106 shares during the period. Tdam USA Inc. grew its holdings in shares of Hewlett Packard Enterprise by 0.9% in the first quarter. Tdam USA Inc. now owns 17,792 shares of the technology company’s stock worth $422,000 after acquiring an additional 162 shares during the period. YorkBridge Wealth Partners LLC grew its holdings in shares of Hewlett Packard Enterprise by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after acquiring an additional 200 shares during the period. Finally, Cleararc Capital Inc. grew its holdings in shares of Hewlett Packard Enterprise by 0.5% in the first quarter. Cleararc Capital Inc. now owns 40,716 shares of the technology company’s stock worth $965,000 after acquiring an additional 221 shares during the period. 80.21% of the stock is owned by institutional investors.

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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