Hewlett Packard Enterprise (NYSE:HPE) Receives $23.79 Consensus PT from Brokerages

Shares of Hewlett Packard Enterprise (NYSE:HPE) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $23.79.

Several equities research analysts recently weighed in on the company. Loop Capital boosted their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Susquehanna reiterated a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft initiated coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective for the company. StockNews.com upgraded Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus lifted their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise 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 sale, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. The trade was a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the transaction, the director now directly 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. In the last three months, insiders have sold 717,601 shares of company stock worth $15,140,976. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Capital Investment Counsel Inc grew its holdings in shares of Hewlett Packard Enterprise by 1.2% during the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock valued at $874,000 after purchasing an additional 500 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of 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 valued at $231,000 after buying an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of 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 worth $2,363,000 after buying an additional 536 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 6.4% during the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock valued at $198,000 after purchasing an additional 579 shares during the period. Finally, Bailard Inc. grew 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 worth $748,000 after purchasing an additional 580 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $21.83 on Wednesday. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. 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 has a market cap of $28.34 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 2.64 and a beta of 1.21. The company has a 50-day moving average of $21.05 and a two-hundred day moving average of $20.00.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be issued a $0.13 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.38%. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

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.