Hewlett Packard Enterprise (NYSE:HPE) Given Consensus Recommendation of "Moderate Buy" by Analysts

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) has been assigned an average rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $20.60.

HPE has been the topic of several research reports. Barclays dropped their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Susquehanna lowered their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Daiwa America downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Morgan Stanley lowered Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective on the stock. in a report on Tuesday, April 8th. Finally, StockNews.com downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded up $0.83 during mid-day trading on Friday, hitting $17.72. The company's stock had a trading volume of 19,589,171 shares, compared to its average volume of 17,165,052. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. The stock's 50-day moving average is $15.54 and its two-hundred day moving average is $19.45. The firm has a market capitalization of $23.27 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HPE. Principal Financial Group Inc. increased its position in shares of Hewlett Packard Enterprise by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,561,022 shares of the technology company's stock valued at $31,939,000 after purchasing an additional 68,892 shares during the last quarter. Fulton Bank N.A. boosted its position in Hewlett Packard Enterprise by 27.7% during the 4th quarter. Fulton Bank N.A. now owns 13,501 shares of the technology company's stock valued at $288,000 after buying an additional 2,928 shares during the period. First Hawaiian Bank grew its holdings in Hewlett Packard Enterprise by 16.2% in the 4th quarter. First Hawaiian Bank now owns 30,611 shares of the technology company's stock worth $654,000 after acquiring an additional 4,258 shares during the last quarter. Graypoint LLC increased its position in shares of Hewlett Packard Enterprise by 2.6% in the fourth quarter. Graypoint LLC now owns 36,295 shares of the technology company's stock valued at $775,000 after acquiring an additional 936 shares during the period. Finally, Czech National Bank increased its position in shares of Hewlett Packard Enterprise by 6.4% in the fourth quarter. Czech National Bank now owns 281,578 shares of the technology company's stock valued at $6,012,000 after acquiring an additional 16,821 shares during the period. 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.