Hewlett Packard Enterprise (NYSE:HPE) Given New $20.00 Price Target at Wells Fargo & Company

Hewlett Packard Enterprise (NYSE:HPE - Free Report) had its target price boosted by Wells Fargo & Company from $17.00 to $20.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the technology company's stock.

Several other research analysts have also recently weighed in on the company. Loop Capital lowered their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Daiwa Capital Markets cut 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. Bank of America lowered their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Barclays increased their price objective on Hewlett Packard Enterprise from $20.00 to $24.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Wall Street Zen cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.33.

Hewlett Packard Enterprise Stock Down 0.4%

NYSE:HPE traded down $0.07 during trading hours on Wednesday, reaching $17.78. 23,708,464 shares of the stock were exchanged, compared to its average volume of 17,021,223. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The firm has a 50 day moving average of $16.09 and a 200 day moving average of $19.08. The stock has a market cap of $23.35 billion, a PE ratio of 9.36, a PEG ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The company had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 8.56%. The business's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 EPS. On average, equities analysts expect that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is presently 25.37%.

Insider Activity

In related news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is currently owned by company insiders.

Institutional Trading of Hewlett Packard Enterprise

Large investors have recently modified their holdings of the company. Putney Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $25,000. Hara Capital LLC bought a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $28,000. Ameriflex Group Inc. bought a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $31,000. Tandem Financial LLC bought a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $32,000. Finally, Alpine Bank Wealth Management bought a new stake in Hewlett Packard Enterprise during the first quarter valued at about $25,000. Institutional investors 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.