Analysts Set Hewlett Packard Enterprise (NYSE:HPE) Price Target at $24.00

Hewlett Packard Enterprise (NYSE:HPE) has received an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $24.00.

Several analysts recently commented on the company. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Susquehanna reiterated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $22.32 on Friday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.24. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $29.36 billion, a P/E ratio of 11.75, a PEG ratio of 2.02 and a beta of 1.20. The business has a 50-day moving average of $21.54 and a 200-day moving average of $20.22.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.33%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 27.37%.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the sale, the chief executive officer now owns 1,508,641 shares of the company’s stock, valued at approximately $31,274,127.93. This trade represents a 14.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 570,589 shares of company stock valued at $12,216,858 in the last quarter. Insiders own 0.40% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its stake in shares of 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 purchasing an additional 23,035,594 shares in the last quarter. Marshall Wace LLP increased its stake in Hewlett Packard Enterprise by 3,228.2% during the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock valued at $186,831,000 after purchasing an additional 8,560,086 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in Hewlett Packard Enterprise by 3,537.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after acquiring an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter valued at $105,185,000. Finally, Raymond James & Associates grew its stake in shares of Hewlett Packard Enterprise by 92.5% in the third quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock worth $90,116,000 after acquiring an additional 2,116,824 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

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.