Barclays Cuts Hewlett Packard Enterprise (NYSE:HPE) Price Target to $20.00

Hewlett Packard Enterprise (NYSE:HPE) had its price target cut by Barclays from $27.00 to $20.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other research analysts also recently issued reports on HPE. Stifel Nicolaus boosted their price objective 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. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Thursday, December 19th. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Loop Capital upped their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Seven investment 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.21.

Hewlett Packard Enterprise Trading Down 11.9 %

Shares of NYSE:HPE opened at $15.82 on Friday. The stock has a 50 day moving average of $21.47 and a 200 day moving average of $20.73. The company has a market cap of $20.77 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. 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 has a 12-month low of $14.93 and a 12-month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.29%. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the sale, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors have recently made changes to their positions in the company. Putney Financial Group LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Hewlett Packard Enterprise during the third quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Hewlett Packard Enterprise during the third quarter valued at $26,000. Hara Capital LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $28,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $31,000. Hedge funds and other institutional investors 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.