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

Shares of Hewlett Packard Enterprise (NYSE:HPE) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Six 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. The average 1 year price objective among brokers that have covered the stock in the last year is $24.00.

Several equities analysts have commented on HPE shares. Loop Capital raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Susquehanna restated a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, Stifel Nicolaus upped their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th.

Hewlett Packard Enterprise Trading Up 1.0 %

NYSE:HPE opened at $21.68 on Thursday. The stock has a market cap of $28.51 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 2.27 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.66. The business has a fifty day moving average of $22.12 and a 200-day moving average of $20.44.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.40%. Hewlett Packard Enterprise’s dividend payout ratio is 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 over the last three months. 0.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently modified their holdings of HPE. RPg Family Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at about $26,000. Financial Management Professionals Inc. increased its stake in shares of Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares during the period. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth about $32,000. Finally, Rise Advisors LLC grew its holdings in Hewlett Packard Enterprise by 45.5% in the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after buying an additional 625 shares during the last quarter. Institutional investors and hedge funds 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.