Hewlett Packard Enterprise (HPE) shares experienced a slight increase before the market opened on Thursday, opening at $18.85 compared to the previous close of $18.15. The stock traded at $18.35 with a volume of 3,091,741 shares.
Several research analyst reports have been issued regarding HPE. Stifel Nicolaus lowered their price target from $20.00 to $18.00 and maintained a “buy” rating. Morgan Stanley raised their price target from $16.00 to $19.00 with an “equal weight” rating. Evercore ISI, Barclays, and Wells Fargo & Company also adjusted their price targets for the stock. Overall, the consensus rating for HPE is “hold” with a consensus price target of $17.91.
Looking at the financials, HPE has a debt-equity ratio of 0.37 and a current ratio of 0.89. The stock also has a 50-day moving average of $17.43 and a 200-day moving average of $16.61. The market capitalization of HPE is $23.93 billion with a price-to-earnings ratio of 12.70 and a beta of 1.20.
In terms of performance, HPE reported earnings of $0.48 per share for the quarter, exceeding the consensus estimate of $0.45 by $0.03. The company had revenue of $6.76 billion for the quarter. HPE also announced a quarterly dividend of $0.13 per share, paid on April 12, resulting in an annualized dividend yield of 2.82%.
Senior vice president Jeremy Cox recently sold 18,323 shares of HPE at an average price of $16.96. Several institutional investors have also made changes to their holdings of HPE, with Nomura Asset Management Co. Ltd. and Corient Private Wealth LLC increasing their stakes in the company.
Hewlett Packard Enterprise Company operates in six segments: Computing, HPC and Artificial Intelligence, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Others. Institutional investors and hedge funds currently own 80.78% of the shares.
Overall, HPE remains a key player in the technology industry with steady financial performance and investor interest. Analysts predict the company to post 1.4 EPS for the current year. For more information and updates on Hewlett Packard Enterprise, readers can sign up for a free daily email newsletter from MarketBeat.com.
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