Raymond James Raises Hewlett Packard Enterprise (NYSE:HPE) Price Target to $26.00

Hewlett Packard Enterprise (NYSE:HPE - Free Report) had its price target hoisted by Raymond James from $23.00 to $26.00 in a research report released on Wednesday,Benzinga reports. Raymond James currently has a strong-buy rating on the technology company's stock.

A number of other equities research analysts have also recently commented on HPE. Bank of America decreased their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday. Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $17.00 to $22.00 in a research note on Tuesday, May 20th. Finally, Barclays raised their target price on shares of Hewlett Packard Enterprise from $20.00 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.33.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded down $0.07 on Wednesday, reaching $17.78. The company's stock had a trading volume of 23,708,464 shares, compared to its average volume of 17,021,223. 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 stock has a market capitalization of $23.35 billion, a P/E ratio of 9.36, a PEG ratio of 2.03 and a beta of 1.29. The stock's 50 day simple moving average is $16.09 and its two-hundred day simple moving average is $19.08. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted 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 the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. Research analysts forecast that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Activity

In related news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several large investors have recently bought and sold shares of HPE. Chicago Partners Investment Group LLC bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth $238,000. Tokio Marine Asset Management Co. Ltd. increased its position in Hewlett Packard Enterprise by 7.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 40,889 shares of the technology company's stock valued at $873,000 after acquiring an additional 2,658 shares during the last quarter. DAVENPORT & Co LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at $561,000. CENTRAL TRUST Co increased its position in Hewlett Packard Enterprise by 17.3% during the fourth quarter. CENTRAL TRUST Co now owns 11,404 shares of the technology company's stock valued at $243,000 after acquiring an additional 1,681 shares during the last quarter. Finally, Mather Group LLC. increased its position in Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock valued at $161,000 after acquiring an additional 440 shares during the last quarter. 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.