Hewlett Packard Enterprise (NYSE:HPE) Given New $19.00 Price Target at Morgan Stanley

Hewlett Packard Enterprise (NYSE:HPE - Free Report) had its price objective hoisted by Morgan Stanley from $16.00 to $19.00 in a report issued on Monday morning, Benzinga reports. They currently have an equal weight rating on the technology company's stock.

A number of other equities research analysts have also weighed in on HPE. Barclays dropped their price objective on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an equal weight rating on the stock in a report on Friday, March 1st. Evercore ISI decreased their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an in-line rating for the company in a research report on Friday, March 1st. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an outperform rating to a market perform rating and decreased their target price for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. Wells Fargo & Company restated an equal weight rating and set a $17.00 target price (down from $21.00) on shares of Hewlett Packard Enterprise in a research report on Friday, March 1st. Finally, StockNews.com downgraded shares of Hewlett Packard Enterprise from a buy rating to a hold rating in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $17.73.

Hewlett Packard Enterprise Stock Down 0.9 %

NYSE HPE traded down $0.17 on Monday, hitting $17.26. The stock had a trading volume of 17,413,758 shares, compared to its average volume of 15,442,224. The stock has a market cap of $22.43 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 3.22 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. Hewlett Packard Enterprise has a 52-week low of $13.65 and a 52-week high of $20.07. The business's fifty day moving average price is $16.74 and its 200 day moving average price is $16.41.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The business's quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.01%. Hewlett Packard Enterprise's dividend payout ratio is currently 35.86%.

Institutional Trading of Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC raised its holdings in Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,051 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at about $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at about $33,000. Salem Investment Counselors Inc. raised its holdings in Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company's stock valued at $33,000 after acquiring an additional 1,261 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $35,000. 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.