Home Enterprise bank Hewlett Packard Enterprise (NYSE:HPE) Target price lowered to $16.00 at JPMorgan Chase & Co.

Hewlett Packard Enterprise (NYSE:HPE) Target price lowered to $16.00 at JPMorgan Chase & Co.

0

Hewlett Packard Enterprise (NYSE: HPEGet a rating) saw its price target reduced by JPMorgan Chase & Co. from $18.00 to $16.00 in a research note published Thursday, Fly reports. They currently have an overweight rating on shares of the technology company.

Several other analysts have also recently weighed in on the stock. StockNews.com downgraded Hewlett Packard Enterprise shares from a buy rating to a hold rating in a Monday, June 6 research rating. Raymond James reissued an outperform rating and issued a price target of $19.00 (from $20.00) on Hewlett Packard Enterprise shares in a Tuesday, June 21 research note. Barclays lowered its price target on Hewlett Packard Enterprise shares from $20.00 to $19.00 and set an overweight rating for the company in a Thursday, June 2 research note. Citigroup lowered its price target on Hewlett Packard Enterprise shares from $14.00 to $13.50 and set a sell rating for the company in a Thursday, June 2 research note. Finally, Deutsche Bank Aktiengesellschaft downgraded Hewlett Packard Enterprise shares from a buy rating to a hold rating and lowered its price target for the company from $18.00 to $16.00 in a rating of search for Tuesday, June 14. Three analysts have assigned the stock a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $16.95.

Hewlett Packard Enterprise stock performance

NYSE HPE opened at $13.27 on Thursday. Hewlett Packard Enterprise has a 52-week minimum of $12.40 and a 52-week maximum of $17.76. The company has a debt ratio of 0.43, a quick ratio of 0.64 and a current ratio of 0.90. The company has a market capitalization of $17.24 billion, a P/E ratio of 4.77, a P/E/G ratio of 2.93 and a beta of 1.17. The company has a fifty-day moving average of $14.36 and a 200-day moving average of $15.74.

Hewlett Packard Enterprise (NYSE: HPEGet a rating) last released its quarterly earnings data on Wednesday, June 1. The tech company reported earnings per share (EPS) of $0.19 for the quarter, missing analyst consensus estimates of $0.25 per ($0.06). Hewlett Packard Enterprise achieved a return on equity of 19.01% and a net margin of 13.28%. The company posted revenue of $6.70 billion for the quarter, versus a consensus estimate of $6.80 billion. In the same period a year earlier, the company posted earnings per share of $0.19. The company’s revenue increased 0.0% year over year. As a group, equity research analysts expect Hewlett Packard Enterprise to post EPS of 1.21 for the current fiscal year.

Hewlett Packard Enterprise dividend announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 8. Investors of record on Monday, June 13 received a dividend of $0.12 per share. This represents an annualized dividend of $0.48 and a dividend yield of 3.62%. The ex-dividend date was Friday, June 10. Hewlett Packard Enterprise’s dividend payout ratio is currently 17.27%.

Insider activity at Hewlett Packard Enterprise

In related news, EVP Alain Richard May sold 94,705 shares of the company in a transaction dated Friday, June 3. The shares were sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the transaction, the executive vice president now owns 310,500 shares of the company, valued at $4,682,340. The sale was disclosed in a filing with the Securities & Exchange Commission, available via this link. In other Hewlett Packard Enterprise news, EVP Thomas E. Black, Jr. sold 28,347 shares of the company in a transaction dated Tuesday, June 7. The shares were sold at an average price of $15.26, for a total value of $432,575.22. The sale was disclosed in a legal filing with the SEC, available at the SEC website. Also, VPE Alain Richard May sold 94,705 shares of the company in a transaction dated Friday, June 3. The stock was sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the completion of the sale, the executive vice president now owns 310,500 shares of the company, valued at approximately $4,682,340. Disclosure of this sale can be found here. 0.45% of the shares are held by insiders.

Institutional investors weigh in on Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. International Assets Investment Management LLC increased its holdings of Hewlett Packard Enterprise shares by 2.8% in the first quarter. International Assets Investment Management LLC now owns 29,846 shares of the technology company valued at $499,000 after buying 808 additional shares in the last quarter. Spire Wealth Management increased its holdings of Hewlett Packard Enterprise shares by 14.9% during the fourth quarter. Spire Wealth Management now owns 6,302 shares of the technology company valued at $99,000 after buying 817 additional shares in the last quarter. Forum Financial Management LP increased its stake in Hewlett Packard Enterprise shares by 4.5% in the first quarter. Forum Financial Management LP now owns 19,650 shares of the technology company valued at $328,000 after buying 841 additional shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings of Hewlett Packard Enterprise shares by 0.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 295,684 shares of the technology company valued at $4,663,000 after buying 891 additional shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its equity stake in Hewlett Packard Enterprise by 47.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,851 shares of the technology company valued at $45,000 after buying 919 additional shares in the last quarter. Hedge funds and other institutional investors own 82.70% of the company’s shares.

Hewlett Packard Enterprise Company Profile

(Get a rating)

Hewlett Packard Enterprise Company provides solutions that enable customers to seamlessly capture, analyze, and act on data in the Americas, Europe, Middle East, Africa, Asia Pacific, and Japan. The company offers general-purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage area networks and disk products, such as HPE and HPE XP Modular Storage Arrays.

See also

The Fly logo

Analyst recommendations for Hewlett Packard Enterprise (NYSE: HPE)



Get news and reviews for Hewlett Packard Enterprise Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com’s FREE daily email newsletter.