Wells Fargo & Company Has Lowered Expectations for Hewlett Packard Enterprise (NYSE:HPE) Stock Price

Hewlett Packard Enterprise (NYSE:HPE) had its target price lowered by Wells Fargo & Company from $22.00 to $17.00 in a report released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the technology company’s stock.

HPE has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Thursday, December 19th. Barclays reduced their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday. Bank of America reduced their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Friday. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus target price of $22.21.

Hewlett Packard Enterprise Trading Down 11.9 %

NYSE:HPE opened at $15.82 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 52 week low of $14.93 and a 52 week high of $24.66. The firm has a 50-day moving average price of $21.47 and a two-hundred day moving average price of $20.73.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the 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 sale, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This represents a 49.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors and hedge funds have recently bought and sold shares of the company. Putney Financial Group LLC purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $26,000. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $28,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $31,000. 80.78% of the stock is currently owned by hedge funds and other 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.