Hewlett Packard Enterprise (NYSE:HPE) Receives Consensus Recommendation of “Hold” from Analysts

Hewlett Packard Enterprise (NYSE:HPE) has been assigned an average rating of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $20.69.

HPE has been the subject of a number of recent analyst reports. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, June 7th. Sanford C. Bernstein raised their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, June 5th. Morgan Stanley raised their price objective on shares of Hewlett Packard Enterprise from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Susquehanna raised their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Finally, Barclays increased their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $21.84 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The company has a market capitalization of $28.38 billion, a PE ratio of 15.94, a P/E/G ratio of 3.11 and a beta of 1.18. The company has a fifty day moving average of $18.13 and a two-hundred day moving average of $17.06.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.38%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares in the company, valued at approximately $263,575.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares in the company, valued at approximately $263,575.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the sale, the director now directly owns 150,948 shares in the company, valued at approximately $2,944,995.48. The disclosure for this sale can be found here. Insiders have sold a total of 158,464 shares of company stock worth $3,160,866 in the last quarter. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. SRN Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 89.1% in the 1st quarter. SRN Advisors LLC now owns 86,943 shares of the technology company’s stock worth $1,541,000 after purchasing an additional 40,958 shares during the last quarter. IMS Capital Management bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth about $263,000. EverSource Wealth Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 10.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,806 shares of the technology company’s stock worth $116,000 after purchasing an additional 626 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Hewlett Packard Enterprise by 18.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,006,298 shares of the technology company’s stock worth $17,691,000 after purchasing an additional 155,717 shares during the last quarter. Finally, Verity Asset Management Inc. increased its position in shares of Hewlett Packard Enterprise by 48.8% in the 1st quarter. Verity Asset Management Inc. now owns 24,697 shares of the technology company’s stock worth $438,000 after purchasing an additional 8,101 shares during 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.