Hewlett Packard Enterprise (NYSE:HPE) Lowered to Hold Rating by Daiwa America

Daiwa America cut shares of Hewlett Packard Enterprise (NYSE:HPE) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

HPE has been the topic of several other research reports. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Stifel Nicolaus increased their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Morgan Stanley lowered their price target on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Finally, StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Stock Up 6.2 %

Hewlett Packard Enterprise stock opened at $15.68 on Wednesday. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. The company has a market cap of $20.60 billion, a PE ratio of 8.25, a PEG ratio of 2.03 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. The business’s 50-day simple moving average is $20.84 and its two-hundred day simple moving average is $20.58.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Putney Financial Group LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $26,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth $28,000. Finally, Ameriflex Group Inc. acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth $31,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

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.