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Hewlett Packard Enterprise Company (NYSE:HPE – Get Free Report) has been given an average rating of “Hold” by the twenty-one research firms that are currently covering the stock, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $25.0625.
A number of research firms have issued reports on HPE. Weiss Ratings reiterated a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research note on Saturday, September 27th. Loop Capital raised their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, June 9th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $22.00 to $28.00 in a research report on Thursday, August 21st. Wells Fargo & Company increased their price objective on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, September 4th. Finally, Wolfe Research started coverage on Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock.
View Our Latest Analysis on Hewlett Packard Enterprise
Insider Activity
In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maeve C. Culloty sold 3,738 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 543,738 shares of company stock valued at $12,922,932. Insiders own 0.36% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of HPE. Strs Ohio bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $15,663,000. Sowell Financial Services LLC purchased a new stake in Hewlett Packard Enterprise during the 1st quarter valued at $301,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Hewlett Packard Enterprise by 22.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company’s stock worth $2,421,000 after purchasing an additional 28,123 shares during the last quarter. Signal Advisors Wealth LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $300,000. Finally, OneDigital Investment Advisors LLC bought a new stake in Hewlett Packard Enterprise during the 1st quarter valued at $164,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.
Hewlett Packard Enterprise Price Performance
Shares of HPE opened at $24.79 on Tuesday. The firm has a market cap of $32.71 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 2.55 and a beta of 1.45. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $25.36. The business’s 50 day moving average price is $22.84 and its two-hundred day moving average price is $19.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95.
Hewlett Packard Enterprise Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a $0.13 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. Hewlett Packard Enterprise’s payout ratio is currently 63.41%.
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.
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