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

Shares of Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $21.31.

Several equities analysts have commented on the company. Susquehanna cut their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Loop Capital upped their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, June 9th. Wells Fargo & Company upped their price objective on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective on the stock. in a research report on Wednesday, March 12th. Finally, Evercore ISI raised Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $17.00 to $22.00 in a research report on Tuesday, May 20th.

Insider Buying and Selling

In related news, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $18.50, for a total transaction of $555,000.00. Following the completion of the sale, the executive vice president now directly owns 72,427 shares in the company, valued at $1,339,899.50. This represents a 29.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management LLC raised its stake in Hewlett Packard Enterprise by 145.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 77,042 shares of the technology company's stock valued at $1,645,000 after buying an additional 45,605 shares during the last quarter. NewEdge Wealth LLC raised its stake in Hewlett Packard Enterprise by 9.9% in the fourth quarter. NewEdge Wealth LLC now owns 135,858 shares of the technology company's stock valued at $2,901,000 after buying an additional 12,253 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Hewlett Packard Enterprise by 1.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 506,800 shares of the technology company's stock valued at $10,820,000 after buying an additional 8,500 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at about $3,598,000. Finally, Private Trust Co. NA raised its stake in Hewlett Packard Enterprise by 30.1% in the fourth quarter. Private Trust Co. NA now owns 14,068 shares of the technology company's stock valued at $300,000 after buying an additional 3,252 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $18.44 on Friday. The company has a market cap of $24.19 billion, a P/E ratio of 18.62, a P/E/G ratio of 2.68 and a beta of 1.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The business's 50 day moving average price is $17.37 and its 200-day moving average price is $18.63. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. Hewlett Packard Enterprise's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 EPS. Sell-side analysts predict that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is 52.53%.

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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