Brokerages Set Hewlett Packard Enterprise Company (NYSE:HPE) Price Target at $22.79

Shares of Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $22.67.

Several brokerages recently commented on HPE. Deutsche Bank Aktiengesellschaft upped their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday. Wolfe Research started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a report on Friday. They issued a "buy" rating and a $25.00 price target for the company. KeyCorp started coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. Finally, Evercore ISI raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Friday, July 11th.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock traded up $0.20 on Thursday, hitting $20.71. 8,919,686 shares of the stock traded hands, compared to its average volume of 19,790,958. The firm has a market cap of $27.17 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.25 and a beta of 1.35. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The firm has a 50 day simple moving average of $19.04 and a two-hundred day simple moving average of $18.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the business posted $0.42 earnings per share. The business's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.51%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the sale, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,590 shares of company stock valued at $2,436,000. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. National Bank of Canada FI raised its holdings in Hewlett Packard Enterprise by 1,369.1% in the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock valued at $251,192,000 after buying an additional 15,171,314 shares during the period. Assenagon Asset Management S.A. raised its holdings in Hewlett Packard Enterprise by 3,847.1% in the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company's stock valued at $180,599,000 after buying an additional 8,607,523 shares during the period. Norges Bank purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $119,067,000. Slate Path Capital LP raised its holdings in Hewlett Packard Enterprise by 44.8% in the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock valued at $270,914,000 after buying an additional 3,924,039 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Hewlett Packard Enterprise by 45.6% in the first quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock valued at $193,078,000 after buying an additional 3,922,516 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

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.