Hewlett Packard Enterprise (NYSE:HPE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Hewlett Packard Enterprise (NYSE:HPE) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $24.00.

HPE has been the subject of a number of research analyst reports. StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Friday. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays lifted their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise 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 completion of the sale, the senior vice president now owns 7,771 shares of the company’s stock, valued at $163,191. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 578,359 shares of company stock valued at $12,380,028. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake in Hewlett Packard Enterprise by 3.9% during the second quarter. Commonwealth Equity Services LLC now owns 168,995 shares of the technology company’s stock worth $3,578,000 after buying an additional 6,390 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Hewlett Packard Enterprise by 5.6% in the 2nd quarter. Van ECK Associates Corp now owns 86,552 shares of the technology company’s stock worth $1,832,000 after acquiring an additional 4,581 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Hewlett Packard Enterprise by 914.3% in the 2nd quarter. Larson Financial Group LLC now owns 4,544 shares of the technology company’s stock worth $96,000 after acquiring an additional 4,096 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Hewlett Packard Enterprise by 8.4% during the 2nd quarter. TD Asset Management Inc now owns 984,484 shares of the technology company’s stock worth $20,842,000 after buying an additional 76,544 shares in the last quarter. Finally, Howard Capital Management Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 1.6 %

Shares of Hewlett Packard Enterprise stock opened at $21.82 on Friday. The stock has a market capitalization of $28.70 billion, a P/E ratio of 11.48, a PEG ratio of 2.02 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.24. The stock has a 50 day moving average price of $21.42 and a two-hundred day moving average price of $20.23.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced 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 is presently 27.37%.

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.