Hewlett Packard Enterprise (NYSE:HPE) Receives $23.79 Average PT from Analysts

Shares of Hewlett Packard Enterprise (NYSE:HPE) have been given an average recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $23.79.

A number of research firms have recently commented on HPE. Barclays increased their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a “hold” rating and a $22.00 price objective on the stock. Stifel Nicolaus boosted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Finally, Loop Capital boosted their price objective 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.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $21.83 on Wednesday. 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 50 day moving average price of $21.05 and a 200-day moving average price of $20.00. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.24. The firm has a market capitalization of $28.34 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 2.64 and a beta of 1.21.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 27.37%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at approximately $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 sold a total of 717,601 shares of company stock valued at $15,140,976 over the last 90 days. Insiders own 0.40% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently made changes to their positions in the business. Moloney Securities Asset Management LLC purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at about $861,000. CHICAGO TRUST Co NA boosted its position in Hewlett Packard Enterprise by 67.8% in the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after buying an additional 36,704 shares during the last quarter. National Pension Service increased its holdings in Hewlett Packard Enterprise by 17.3% in the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock worth $65,528,000 after buying an additional 472,885 shares during the period. Cetera Investment Advisers grew its position in Hewlett Packard Enterprise by 455.7% during the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after purchasing an additional 99,394 shares during the period. Finally, HighTower Advisors LLC boosted its position in Hewlett Packard Enterprise by 110.8% in the 3rd quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company’s stock worth $6,102,000 after purchasing an additional 157,561 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

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.