Hewlett Packard Enterprise (NYSE:HPE) Receives $21.31 Average Target Price from Analysts

Shares of Hewlett Packard Enterprise (NYSE:HPE) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $21.31.

Several brokerages have issued reports on HPE. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, June 7th. Evercore ISI boosted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein boosted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Finally, Stifel Nicolaus lifted their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th.

Insiders Place Their Bets

In related news, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HPE. Vanguard Group Inc. lifted its holdings in Hewlett Packard Enterprise by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after purchasing an additional 5,777,901 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Hewlett Packard Enterprise by 14,953.2% in the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock worth $490,925,000 after purchasing an additional 23,035,594 shares during the period. Dimensional Fund Advisors LP raised its holdings in Hewlett Packard Enterprise by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company’s stock worth $399,507,000 after buying an additional 822,722 shares during the last quarter. Legal & General Group Plc boosted its holdings in Hewlett Packard Enterprise by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock worth $358,602,000 after acquiring an additional 617,691 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Hewlett Packard Enterprise by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company’s stock valued at $200,776,000 after purchasing an additional 237,321 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $20.14 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The company has a 50 day simple moving average of $18.56 and a two-hundred day simple moving average of $18.68. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a market capitalization of $26.18 billion, a PE ratio of 14.70, a P/E/G ratio of 3.05 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. Hewlett Packard Enterprise’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. Research analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.