Hewlett Packard Enterprise (NYSE:HPE) Stock Rating Lowered by Daiwa Capital Markets

Daiwa Capital Markets cut shares of Hewlett Packard Enterprise (NYSE:HPE) from an outperform rating to a neutral rating in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has $16.00 target price on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, December 19th. Loop Capital dropped their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Barclays decreased their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Stock Up 6.2 %

HPE opened at $15.68 on Wednesday. The company has a fifty day moving average of $20.84 and a two-hundred day moving average of $20.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. The stock has a market capitalization of $20.60 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.32%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kathmere Capital Management LLC lifted its stake in Hewlett Packard Enterprise by 87.2% in the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after acquiring an additional 11,869 shares during the last quarter. Lebenthal Global Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 83.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after purchasing an additional 16,447 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after purchasing an additional 1,885,559 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 78.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock worth $19,545,000 after purchasing an additional 401,016 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at $617,000. 80.78% of the stock is owned by institutional investors and hedge funds.

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.