Hewlett Packard Enterprise’s shares experienced a separation before trading on Thursday, opening at $18.85 after closing at $18.15. The shares were last traded at $18.35 with a volume of 3,091,741 shares changing hands. Analysts have varied in their opinions on the company, with Barclays lowering their price target to $14.00, StockNews.com downgrading the stock from “buy” to “hold,” and other analysts adjusting their price targets as well. MarketBeat reports that the stock currently holds a consensus rating of “Hold” with a consensus price target of $17.91.
The company reported an increase in operations of 0.5%, with a market capitalization of $23.71 billion and various financial ratios in place. Hewlett Packard Enterprise released its quarterly earnings results on February 29th, reporting an earnings per share of $0.48, which surpassed analysts’ estimates. However, the company’s revenue for the quarter decreased by 13.5% year over year. The company also announced a quarterly dividend, with a dividend payout ratio of 35.86%.
In terms of internal transactions, senior vice president Jeremy Cox sold 18,323 shares of the company at an average price of $16.96. Institutional investors and hedge funds have also made modifications to their holdings of Hewlett Packard Enterprise, with Vanguard Group Inc. increasing its position and owning over 161 million shares of the company’s stock.
Hewlett Packard Enterprise operates in six segments, offering solutions for customers to capture, analyze, and act on data across various regions. Despite receiving a “Hold” rating from analysts, top-rated analysts have identified five other stocks as better buys. MarketBeat tracks Wall Street’s top-rated analysts and the stocks they recommend to clients.
In conclusion, Hewlett Packard Enterprise continues to navigate the market with analyst opinions varying and internal transactions taking place. The company’s financial performance, dividend announcement, and operational updates contribute to its overall standing. Institutional investors have also shown interest in the company, with some increasing their positions. The future outlook for Hewlett Packard Enterprise remains uncertain, with potential for growth and continued market evaluation.
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