Deutsche Bank Aktiengesellschaft Begins Coverage on Hewlett Packard Enterprise (NYSE:HPE)

Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise (NYSE:HPE) in a research report report published on Wednesday, Marketbeat.com reports. The firm issued a hold rating and a $22.00 price objective on the technology company’s stock.

Several other research firms also recently weighed in on HPE. Barclays raised shares of Hewlett Packard Enterprise from an equal weight rating to an overweight rating and lifted their price target for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Bank of America raised Hewlett Packard Enterprise from a neutral rating to a buy rating and upped their price target for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Loop Capital raised their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a hold rating in a research note on Monday, September 9th. Citigroup initiated coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a neutral rating and a $20.00 target price on the stock. Finally, Susquehanna reissued a neutral rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $21.36.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $20.67 on Wednesday. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $18.75 and a 200-day moving average price of $18.90. The firm has a market cap of $26.86 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. As a group, equities research analysts expect 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. Stockholders of record on Thursday, September 19th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $1,643,346.48. Following the transaction, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now owns 7,771 shares of the company’s stock, valued at $163,191. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 176,012 shares of company stock valued at $3,417,117. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

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

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.