Hewlett Packard Enterprise (NYSE:HPE) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise (NYSE:HPE) in a report published on Wednesday, Marketbeat.com reports. The brokerage issued a hold rating and a $22.00 price target on the technology company’s stock.

Other research analysts have also recently issued research reports about the company. Loop Capital raised their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a hold rating in a research report on Monday, September 9th. UBS Group lifted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a neutral rating in a research report on Thursday, September 5th. Morgan Stanley reiterated an equal weight rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Bank of America upgraded Hewlett Packard Enterprise from a neutral rating to a buy rating and lifted their price objective for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Finally, Susquehanna reaffirmed a neutral rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, September 6th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of Hold and an average price target of $21.36.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $20.68 on Wednesday. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The firm’s fifty day moving average price is $18.75 and its 200 day moving average price is $18.89. The firm has a market cap of $26.86 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. On average, sell-side analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.14%.

Insider Activity

In other news, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the sale, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise 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 transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 176,012 shares of company stock valued at $3,417,117 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of large investors have recently modified their holdings of HPE. Pacer Advisors Inc. increased its stake in Hewlett Packard Enterprise by 14,953.2% during the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock worth $490,925,000 after buying an additional 23,035,594 shares during the period. Marshall Wace LLP increased its position in shares of Hewlett Packard Enterprise by 3,228.2% during the second quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock worth $186,831,000 after acquiring an additional 8,560,086 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after acquiring an additional 5,777,901 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in Hewlett Packard Enterprise by 336.7% in the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company’s stock valued at $90,387,000 after purchasing an additional 3,291,880 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Hewlett Packard Enterprise during the 1st quarter valued at approximately $51,938,000. Institutional investors and hedge funds 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.