Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $18.00

Hewlett Packard Enterprise (NYSE:HPE) had its price target upped by Loop Capital from $16.00 to $18.00 in a research note issued to investors on Monday morning, Benzinga reports. Loop Capital currently has a hold rating on the technology company’s stock.

Several other research firms have also issued reports on HPE. StockNews.com upgraded Hewlett Packard Enterprise from a hold rating to a buy rating in a research report on Wednesday, June 5th. Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a buy rating in a report on Wednesday, June 5th. Evercore ISI lifted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an in-line rating in a report on Wednesday, June 5th. Sanford C. Bernstein lifted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a market perform rating in a report on Wednesday, June 5th. Finally, Bank of America reduced their target price on Hewlett Packard Enterprise from $24.00 to $21.00 and set a neutral rating on the stock in a report on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of Hold and an average target price of $20.83.

Hewlett Packard Enterprise Stock Up 1.9 %

NYSE:HPE opened at $16.40 on Monday. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $21.30 billion, a P/E ratio of 11.97, a P/E/G ratio of 2.20 and a beta of 1.19. The stock’s fifty day simple moving average is $19.12 and its 200-day simple moving average is $18.52.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same period last year, the company earned $0.35 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of Hewlett Packard Enterprise by 12.3% during the first quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after acquiring an additional 517,734 shares during the period. Sei Investments Co. boosted its stake in shares of Hewlett Packard Enterprise by 56.1% in the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock valued at $23,455,000 after buying an additional 475,397 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Hewlett Packard Enterprise by 5.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after buying an additional 196,112 shares during the period. Cetera Investment Advisers boosted its stake in shares of Hewlett Packard Enterprise by 455.7% in the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after buying an additional 99,394 shares during the period. Finally, Guidance Capital Inc. bought a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $931,000. 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.