Hewlett Packard Enterprise (NYSE:HPE) Receives $21.27 Consensus Price Target from Brokerages

Shares of Hewlett Packard Enterprise (NYSE:HPE) have earned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $21.27.

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Morgan Stanley reduced their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Barclays dropped their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Daiwa America cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Hewlett Packard Enterprise

Several hedge funds and other institutional investors have recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise during the third quarter valued at about $25,000. Putney Financial Group LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $25,000. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $28,000. Ameriflex Group Inc. purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth $31,000. Finally, Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $15.97 on Friday. The company has a fifty day moving average price of $19.70 and a two-hundred day moving average price of $20.42. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66. The stock has a market cap of $20.97 billion, a P/E ratio of 8.40, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

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.