Oppenheimer Analysts Give Hewlett Packard Enterprise (HPE) a $18.00 Price Target
Oppenheimer set a $18.00 price target on Hewlett Packard Enterprise (NYSE:HPE) in a report published on Wednesday morning. The brokerage currently has a buy rating on the technology company’s stock. Oppenheimer also issued estimates for Hewlett Packard Enterprise’s Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.43 EPS, FY2019 earnings at $1.54 EPS and FY2020 earnings at $1.73 EPS.
Several other brokerages have also weighed in on HPE. Deutsche Bank lifted their price objective on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a buy rating in a report on Wednesday, August 29th. Zacks Investment Research raised Hewlett Packard Enterprise from a hold rating to a buy rating and set a $19.00 price objective on the stock in a report on Thursday, August 30th. UBS Group assumed coverage on Hewlett Packard Enterprise in a report on Wednesday, September 26th. They set a hold rating and a $17.00 price objective on the stock. Maxim Group reissued a hold rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, August 29th. Finally, BMO Capital Markets decreased their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set a market perform rating on the stock in a report on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $18.36.
Shares of NYSE HPE opened at $14.71 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $23.58 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.93 and a beta of 1.58. Hewlett Packard Enterprise has a 12 month low of $14.22 and a 12 month high of $19.48.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Tuesday, December 11th. Hewlett Packard Enterprise’s payout ratio is presently 28.85%.
In related news, insider Antonio F. Neri sold 82,893 shares of the business’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $17.00, for a total value of $1,409,181.00. Following the sale, the insider now owns 87,828 shares of the company’s stock, valued at approximately $1,493,076. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Keerti Melkote sold 102,284 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total value of $1,630,406.96. Following the completion of the sale, the insider now directly owns 102,284 shares in the company, valued at approximately $1,630,406.96. The disclosure for this sale can be found here. Insiders have sold a total of 664,319 shares of company stock worth $10,978,971 in the last three months. 1.18% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in HPE. Cornerstone Wealth Management LLC acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at $525,000. Dupont Capital Management Corp boosted its stake in Hewlett Packard Enterprise by 44.0% in the 2nd quarter. Dupont Capital Management Corp now owns 14,469 shares of the technology company’s stock valued at $211,000 after buying an additional 4,419 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Hewlett Packard Enterprise by 73.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 177,009 shares of the technology company’s stock valued at $2,586,000 after buying an additional 75,083 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Hewlett Packard Enterprise by 12.3% in the second quarter. Commonwealth Equity Services LLC now owns 151,206 shares of the technology company’s stock worth $2,209,000 after purchasing an additional 16,557 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in Hewlett Packard Enterprise by 16,531.4% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock worth $124,000 after purchasing an additional 8,431 shares in the last quarter. 78.92% of the stock is currently owned by institutional investors and hedge funds.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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