Hewlett Packard Enterprise (NYSE:HPE) Given Consensus Rating of “Hold” by Analysts

Shares of Hewlett Packard Enterprise (NYSE:HPE) have earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $22.21.

A number of equities analysts have weighed in on the company. Bank of America upgraded 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 report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a “hold” rating and a $22.00 target price on the stock. Citigroup upped their target price on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday. Loop Capital raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Finally, UBS Group upped their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the transaction, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at approximately $163,191. This trade represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,508,641 shares of the company’s stock, valued at $31,274,127.93. The trade was a 14.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock valued at $8,599,617 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently bought and sold shares of the business. TD Private Client Wealth LLC increased its stake in Hewlett Packard Enterprise by 155.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 48,323 shares of the technology company’s stock worth $989,000 after purchasing an additional 29,374 shares in the last quarter. Fortem Financial Group LLC increased its position in shares of Hewlett Packard Enterprise by 8.2% in the third quarter. Fortem Financial Group LLC now owns 54,645 shares of the technology company’s stock worth $1,118,000 after acquiring an additional 4,152 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Hewlett Packard Enterprise by 7.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 22,798 shares of the technology company’s stock valued at $471,000 after acquiring an additional 1,627 shares in the last quarter. First Dallas Securities Inc. boosted its stake in Hewlett Packard Enterprise by 20.2% in the 3rd quarter. First Dallas Securities Inc. now owns 14,005 shares of the technology company’s stock worth $287,000 after purchasing an additional 2,355 shares during the period. Finally, Geode Capital Management LLC grew its position in Hewlett Packard Enterprise by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after purchasing an additional 251,076 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Down 1.6 %

Shares of NYSE HPE opened at $21.18 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $27.51 billion, a PE ratio of 15.13, a P/E/G ratio of 3.27 and a beta of 1.19. The firm has a fifty day moving average of $20.15 and a 200-day moving average of $19.55. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.14%.

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.