Hewlett Packard Enterprise Company (NYSE:HPE) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Hewlett Packard Enterprise (NYSE:HPE) has received an average recommendation of "Moderate Buy" from 18 brokerages, with price targets ranging between $24.00 and $28.00.
• Insider transactions show significant activity, with executives selling a total of 461,924 shares valued at over $10 million in the past 90 days.
• The company announced a quarterly dividend of $0.13, representing an annualized yield of 2.1%, to be paid on October 17th.

Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen brokerages that are covering the company, Marketbeat Ratings reports. Nine 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 1 year price target among analysts that have issued a report on the stock in the last year is $24.8667.

Several research analysts have issued reports on HPE shares. Evercore ISI raised their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Bank of America raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Citigroup raised their price objective on shares of Hewlett Packard Enterprise from $25.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. UBS Group raised their price objective on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Finally, Barclays lifted their target price on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd.

Insider Activity

In other news, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction on Monday, June 30th. The stock was 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 $871,450.58. This represents a 41.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Insiders sold a total of 461,924 shares of company stock valued at $10,110,183 over the last 90 days. Insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Putney Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $25,000. Bruce G. Allen Investments LLC raised its holdings in shares of Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after purchasing an additional 1,318 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth approximately $26,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Up 1.7%

NYSE:HPE opened at $24.86 on Friday. The firm has a market cap of $32.80 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 2.51 and a beta of 1.43. The stock has a fifty day moving average price of $21.52 and a 200 day moving average price of $18.48. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.96. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69.

Hewlett Packard Enterprise Announces Dividend

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

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.

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