Brokerages Set Hewlett Packard Enterprise (NYSE:HPE) PT at $21.27

Shares of Hewlett Packard Enterprise (NYSE:HPE) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $21.27.

A number of equities research analysts recently issued reports on HPE shares. Wells Fargo & Company dropped their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Barclays dropped their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Susquehanna dropped their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Bank of America dropped their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 7th.

Hewlett Packard Enterprise Trading Down 0.9 %

NYSE HPE opened at $16.09 on Friday. The stock’s 50-day moving average is $20.22 and its 200-day moving average is $20.49. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66. The firm has a market cap of $21.13 billion, a P/E ratio of 8.47, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.23%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise 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 directly owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Hewlett Packard Enterprise

Several hedge funds have recently added to or reduced their stakes in HPE. Quest Partners LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $50,000. Pathstone Holdings LLC raised its holdings in Hewlett Packard Enterprise by 1.5% in the 3rd quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company’s stock valued at $3,237,000 after acquiring an additional 2,368 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Hewlett Packard Enterprise by 13.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 17,233 shares of the technology company’s stock valued at $353,000 after acquiring an additional 2,068 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $4,349,000. Finally, PNC Financial Services Group Inc. raised its holdings in Hewlett Packard Enterprise by 1.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 389,691 shares of the technology company’s stock valued at $7,973,000 after acquiring an additional 5,584 shares in the last quarter. 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.