Hewlett Packard Enterprise (NYSE:HPE) Price Target Lowered to $16.00 at Loop Capital

Hewlett Packard Enterprise (NYSE:HPE) had its target price trimmed by Loop Capital from $24.00 to $16.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the technology company’s stock.

HPE has been the topic of several other research reports. Wells Fargo & Company dropped their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, December 19th. Susquehanna reduced their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.64.

Hewlett Packard Enterprise Trading Down 4.5 %

Shares of HPE stock opened at $15.09 on Monday. Hewlett Packard Enterprise has a 1 year low of $14.85 and a 1 year high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $21.34 and its two-hundred day simple moving average is $20.71. The company has a market cap of $19.82 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.45%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 25.37%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth $26,000. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $28,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $31,000. 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.