Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $25.00

Hewlett Packard Enterprise (NYSE:HPE) had its target price raised by Stifel Nicolaus from $22.00 to $25.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

HPE has been the subject of several other research reports. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. 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 for the company. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $26.00 in a research note on Friday. Finally, Loop Capital boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.36.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $23.95 on Friday. The company’s 50-day moving average is $20.90 and its two-hundred day moving average is $19.92. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The firm has a market capitalization of $31.10 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.40 and a beta of 1.21.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.17%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Insiders Place Their Bets

In related news, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Fidelma Russo sold 55,908 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. 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 in the last quarter. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

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