A number of other research analysts also recently issued reports on HPE. Equity analyst Bank of America Corporation raised the price target of the stock on October 13 changing the price objective from $22.00 to $23.00 with a "Buy" recommendation. FBN Securities reaffirmed a "buy" rating on shares of Hewlett Packard Enterprise in a report on Wednesday. Finally, Robert W. Baird restated a "hold" rating and set a $16.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Loop Capital has "Hold" rating and $17 target.
Hewlett Packard Enterprise (NYSE:HPE) traded down $0.22 on Tuesday, hitting $13.48. The company had a trading volume of 14,681,100 shares, compared to its average volume of 12,083,662. The stock touched 52-week High of $15.12 on 09/27/17 and 52-week Low of $12.69 on 06/29/17. Hewlett Packard Enterprise's payout ratio is now 371.48%.
Price to Sale ratio of the company stands at 0.62 while Price to Book Ratio stands at 0.77.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the previous year, the business earned $0.52 earnings per share. UBS AG reissued a "buy" rating and set a $16.00 price objective (down from $21.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.
COPYRIGHT VIOLATION NOTICE: This story was first posted by Week Herald and is the property of of Week Herald. If you are accessing this report on another site, it was stolen and republished in violation of United States & global copyright & trademark law. The legal version of this story can be viewed at https://weekherald.com/2017/11/14/hewlett-packard-enterprise-company-hpe-now-covered-by-analysts-at-wells-fargo-company.html. This is an increase from Hewlett Packard Enterprise's previous quarterly dividend of $0.07. The stock was sold at an average price of $13.43, for a total transaction of $1,172,761.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Finally, Independent Portfolio Consultants Inc. raised its stake in shares of Hewlett Packard Enterprise by 308.9% in the third quarter. The stock was sold at an average price of $23.00, for a total value of $2,482,482.00. The disclosure for this sale can be found here.
Short traders are more bullish on shares of Hewlett Packard Enterprise Comp recently if you put credence in the downtick in short interest. The value in dollars went from $10,805,000 to $11,600,000 a change of $795,000 quarter over quarter.
Sound Shore Management Inc /ct/ sold 103,216 shares during the last quarter decreasing its holdings in Hewlett Packard Enterprise Comp by 1.1%. Westside Investment Management Inc. now owns 17,432 shares of the technology company's stock worth $292,000 after purchasing an additional 250 shares during the last quarter. Vanguard Group Inc. raised its stake in Hewlett Packard Enterprise by 1.4% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 80,484,863 shares of the technology company's stock valued at $1,183,932,000 after purchasing an additional 13,150,243 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Hewlett Packard Enterprise by 19.5% during the third quarter. Calamos Advisors LLC now owns 185,008 shares of the technology company's stock worth $2,721,000 after purchasing an additional 6,805 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 79.7% in the second quarter. Amalgamated Bank owns 194,190 shares with a value of $3,876,000.
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company's divisions include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology.