Hewlett Packard Enterprise (NYSE:HPE) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Hewlett Packard Enterprise (NYSE:HPE) from a buy rating to a strong-buy rating in a report published on Monday.

Other equities analysts have also issued research reports about the stock. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $26.00 in a research note on Friday. Barclays lifted their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective for the company. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, UBS Group increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average price target of $23.79.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $23.11 on Monday. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The firm has a 50-day moving average of $20.96 and a two-hundred day moving average of $19.95. The firm has a market capitalization of $30.01 billion, a PE ratio of 12.16, a P/E/G ratio of 3.74 and a beta of 1.21. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the transaction, the senior vice president now owns 7,771 shares in the company, valued at $163,191. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock worth $8,599,617 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. Capital Investment Counsel Inc boosted its position in shares of Hewlett Packard Enterprise by 1.2% in the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock valued at $874,000 after acquiring an additional 500 shares during the period. First Horizon Advisors Inc. raised its stake in Hewlett Packard Enterprise by 4.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock valued at $231,000 after purchasing an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock valued at $2,363,000 after purchasing an additional 536 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Hewlett Packard Enterprise by 6.4% in the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock valued at $198,000 after purchasing an additional 579 shares during the period. Finally, Bailard Inc. grew its position in Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock worth $748,000 after purchasing an additional 580 shares during the last quarter. Institutional investors and hedge funds 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.