Hewlett Packard Enterprise Company (NYSE:HPE) Receives Average Rating of "Hold" from Brokerages

Key Points

• Hewlett Packard Enterprise (HPE) has received an average rating of "Hold" from 21 brokerage firms, with 12 analysts recommending hold, 8 buy, and 1 strong buy.
• The company recently announced a quarterly dividend of $0.13, reflecting a 2.1% dividend yield with a payout ratio of 63.41%.
• Insider trading activity includes CEO Antonio F. Neri selling 166,666 shares at an average price of $22.52, resulting in a 7.99% decrease in his holdings.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) have earned an average rating of "Hold" from the twenty-one ratings firms that are currently covering the firm, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $25.0625.

A number of equities analysts have commented on HPE shares. Loop Capital boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, June 9th. Susquehanna boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Citigroup lifted their target price on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Monday. Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, Bank of America increased their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $24.79 on Tuesday. The company has a market cap of $32.71 billion, a P/E ratio of 30.23, a PEG ratio of 2.55 and a beta of 1.45. The business's 50-day simple moving average is $22.84 and its 200 day simple moving average 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 has a one year low of $11.97 and a one year high of $25.36.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be paid a $0.13 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.1%. Hewlett Packard Enterprise's payout ratio is presently 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total value of $3,753,318.32. Following the transaction, the chief executive officer directly owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is currently owned by company insiders.

Institutional Trading of Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at $15,663,000. Sowell Financial Services LLC bought a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $301,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Hewlett Packard Enterprise by 22.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock valued at $2,421,000 after acquiring an additional 28,123 shares in the last quarter. Signal Advisors Wealth LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $300,000. Finally, OneDigital Investment Advisors LLC bought a new stake in Hewlett Packard Enterprise during the first quarter worth $164,000. 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.

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