Analysts Set Hewlett Packard Enterprise (NYSE:HPE) PT at $21.31

Shares of Hewlett Packard Enterprise (NYSE:HPE) have been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $21.31.

HPE has been the subject of a number of research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Friday, June 7th. Finally, Loop Capital boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th.

Insider Activity

In other news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the sale, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The disclosure for this sale can be found here. Insiders have sold a total of 168,242 shares of company stock worth $3,253,947 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several hedge funds have recently bought and sold shares of HPE. Rise Advisors LLC boosted its position in Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $28,000. American National Bank boosted its position in Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after purchasing an additional 920 shares in the last quarter. Finally, ORG Partners LLC boosted its position in Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after purchasing an additional 1,282 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Down 0.8 %

NYSE:HPE opened at $20.34 on Friday. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The company has a 50-day moving average of $18.57 and a 200 day moving average of $18.74. The firm has a market cap of $26.44 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 3.05 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.56%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

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.