Hewlett Packard Enterprise (NYSE:HPE) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Hewlett Packard Enterprise (NYSE:HPE) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Other equities analysts have also issued research reports about the stock. Evercore ISI lowered their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an in-line rating for the company in a research report on Friday, March 1st. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an outperform rating to a market perform rating and reduced their target price for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Barclays reduced their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an equal weight rating on the stock in a research note on Friday, March 1st. Morgan Stanley increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an equal weight rating in a research note on Monday, April 15th. Finally, Wells Fargo & Company raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an equal weight rating in a research note on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of Hold and an average price target of $17.91.

Hewlett Packard Enterprise Trading Up 0.3 %

Shares of HPE opened at $16.84 on Friday. Hewlett Packard Enterprise has a 1-year low of $13.65 and a 1-year high of $20.07. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $16.89 and its 200-day moving average price is $16.40. The firm has a market capitalization of $21.89 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 3.11 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 3.09%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 35.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Hewlett Packard Enterprise by 12.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 33,447 shares of the technology company’s stock worth $581,000 after purchasing an additional 3,686 shares during the period. Raymond James & Associates boosted its holdings in Hewlett Packard Enterprise by 13.2% in the 4th quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock worth $15,841,000 after acquiring an additional 108,971 shares during the period. Mackenzie Financial Corp boosted its holdings in Hewlett Packard Enterprise by 17.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock worth $26,534,000 after acquiring an additional 232,150 shares during the period. Nordea Investment Management AB boosted its holdings in Hewlett Packard Enterprise by 0.9% in the 3rd quarter. Nordea Investment Management AB now owns 4,024,719 shares of the technology company’s stock worth $70,272,000 after acquiring an additional 36,793 shares during the period. Finally, Citigroup Inc. raised its position in shares of Hewlett Packard Enterprise by 70.2% in the 3rd quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock valued at $61,674,000 after purchasing an additional 1,464,650 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

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.