Hewlett Packard Enterprise Co (NYSE:HPE)’s share price rose 6.4% during mid-day trading on Thursday . The stock traded as high as $16.26 and last traded at $16.02. Approximately 29,136,615 shares changed hands during mid-day trading, an increase of 154% from the average daily volume of 11,471,115 shares. The stock had previously closed at $15.05.
Several equities analysts have recently weighed in on HPE shares. Zacks Investment Research cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Oppenheimer set a $20.00 price target on Hewlett Packard Enterprise and gave the company a “buy” rating in a report on Tuesday, August 28th. UBS Group started coverage on Hewlett Packard Enterprise in a report on Wednesday, September 26th. They set a “hold” rating and a $17.00 price target on the stock. Raymond James lowered their price target on Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, August 29th. Finally, ValuEngine cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.36.
The firm has a market cap 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. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.00 and a quick ratio of 0.84.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, December 4th. The technology company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $7.95 billion for the quarter, compared to analysts’ expectations of $7.84 billion. Hewlett Packard Enterprise had a return on equity of 10.44% and a net margin of 6.18%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. As a group, equities analysts anticipate that Hewlett Packard Enterprise Co will post 1.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be paid a $0.1125 dividend. The ex-dividend date is Tuesday, December 11th. This represents a $0.45 annualized dividend and a dividend yield of 3.06%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 28.85%.
In other news, CFO Timothy C. Stonesifer sold 479,142 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $16.57, for a total value of $7,939,382.94. Following the completion of the sale, the chief financial officer now directly owns 637,868 shares in the company, valued at approximately $10,569,472.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Antonio F. Neri sold 82,893 shares of the company’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 completion of the sale, the insider now owns 87,828 shares of the company’s stock, valued at $1,493,076. The disclosure for this sale can be found here. Insiders sold a total of 664,319 shares of company stock valued at $10,978,971 over the last 90 days. 1.18% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. TRUE Private Wealth Advisors purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth $137,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Hewlett Packard Enterprise by 16,531.4% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock worth $124,000 after buying an additional 8,431 shares in the last quarter. Vectors Research Management LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth $136,000. Steward Partners Investment Advisory LLC increased its stake in Hewlett Packard Enterprise by 94.7% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 10,457 shares of the technology company’s stock worth $171,000 after buying an additional 5,087 shares in the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth $158,000. Hedge funds and other institutional investors own 78.92% of the company’s stock.
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About Hewlett Packard Enterprise (NYSE:HPE)
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.
Read More: Price to Earnings Ratio (PE) Basics
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