Hewlett Packard Enterprise (NYSE:HPE) Receives $21.13 Consensus Target Price from Analysts

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) has earned an average rating of "Moderate Buy" from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $21.50.

Several equities research analysts have recently commented on HPE shares. UBS Group boosted 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 report on Wednesday. Bank of America decreased their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, March 7th. Loop Capital dropped their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, March 10th. Susquehanna cut their target price 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. Finally, Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a research report on Wednesday, March 12th.

Hewlett Packard Enterprise Stock Down 0.4%

Shares of HPE stock traded down $0.07 on Wednesday, reaching $17.78. 23,708,154 shares of the company were exchanged, compared to its average volume of 19,463,963. 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 company has a 50-day moving average of $16.09 and a 200-day moving average of $19.08. The company has a market cap of $23.35 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66.

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

Hewlett Packard Enterprise Dividend Announcement

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

Insiders Place Their Bets

In other news, 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 transaction 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.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several large investors have recently modified their holdings of HPE. Putney Financial Group LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $25,000. Alpine Bank Wealth Management bought a new stake in Hewlett Packard Enterprise during the 1st quarter valued at $25,000. Bruce G. Allen Investments LLC lifted its position in shares of Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after acquiring an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Hewlett Packard Enterprise in the first quarter worth $27,000. Finally, Hara Capital LLC purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Hedge funds and other 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.