Hewlett Packard Enterprise Co (HPE) Given New $18.00 Price Target at Barclays PLC

Hewlett Packard Enterprise Co (NYSE:HPE) had its price objective lowered by Barclays PLC from $21.00 to $18.00 in a research report released on Wednesday, May 10th. The brokerage currently has an underweight rating on the technology company’s stock.

Several other brokerages also recently commented on HPE. FBN Securities reaffirmed a buy rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, January 18th. Credit Suisse Group AG reiterated a hold rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Tuesday, April 4th. Needham & Company LLC cut shares of Hewlett Packard Enterprise from a buy rating to a hold rating in a report on Friday, February 24th. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a hold rating to a sell rating in a report on Monday, February 27th. Finally, Wells Fargo & Co restated a market perform rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 8th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $22.83.

Hewlett Packard Enterprise (NYSE:HPE) traded down 1.33% during mid-day trading on Wednesday, reaching $18.53. The company’s stock had a trading volume of 20,162,007 shares. Hewlett Packard Enterprise has a 52-week low of $15.87 and a 52-week high of $24.88. The company has a 50 day moving average of $18.63 and a 200-day moving average of $22.08. The stock has a market cap of $30.72 billion, a PE ratio of 10.05 and a beta of 3.05.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Thursday, February 23rd. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $12.09 billion. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.43%. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. Equities analysts forecast that Hewlett Packard Enterprise will post $1.47 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, June 12th. Hewlett Packard Enterprise’s dividend payout ratio is currently 14.21%.

In related news, EVP John F. Schultz sold 17,176 shares of the business’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $24.00, for a total value of $412,224.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher P. Hsu sold 31,421 shares of the business’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $23.50, for a total transaction of $738,393.50. Following the completion of the transaction, the executive vice president now owns 31,422 shares of the company’s stock, valued at $738,417. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,625,188 shares of company stock valued at $35,864,938. Company insiders own 0.87% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC bought a new position in Hewlett Packard Enterprise during the third quarter worth $103,000. YorkBridge Wealth Partners LLC boosted its position in Hewlett Packard Enterprise by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock worth $117,000 after buying an additional 675 shares in the last quarter. Reilly Financial Advisors LLC boosted its position in Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock worth $119,000 after buying an additional 250 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Hewlett Packard Enterprise during the first quarter worth $125,000. Finally, Harfst & Associates Inc. bought a new position in Hewlett Packard Enterprise during the first quarter worth $127,000. Institutional investors own 79.10% of the company’s stock.

About Hewlett Packard Enterprise

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).

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