Hewlett Packard Enterprise (NYSE:HPE - Free Report) had its price objective upped by Susquehanna from $16.00 to $21.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the technology company's stock.
A number of other equities research analysts also recently issued reports on the company. KeyCorp initiated coverage on Hewlett Packard Enterprise in a research note on Thursday, June 26th. They set a "sector weight" rating for the company. Wolfe Research assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Thursday, July 3rd. The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a report on Thursday, July 24th. They set a "neutral" rating and a $22.00 price target on the stock. Finally, JPMorgan Chase & Co. started coverage on Hewlett Packard Enterprise in a research note on Thursday, July 17th. They issued an "overweight" rating and a $30.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.87.
Check Out Our Latest Research Report on HPE
Hewlett Packard Enterprise Stock Performance
Shares of Hewlett Packard Enterprise stock traded up $0.37 during trading hours on Thursday, reaching $23.53. 24,229,009 shares of the stock traded hands, compared to its average volume of 19,697,092. The company has a 50 day moving average price of $21.26 and a 200 day moving average price of $18.38. The firm has a market capitalization of $30.88 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 2.10 and a beta of 1.43. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52.
Hewlett Packard Enterprise Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. Hewlett Packard Enterprise's dividend payout ratio is presently 63.41%.
Insider Transactions at Hewlett Packard Enterprise
In related news, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the sale, the chief executive officer directly owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. The trade was a 7.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 461,924 shares of company stock valued at $10,110,183. 0.36% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Hewlett Packard Enterprise
A number of institutional investors have recently added to or reduced their stakes in HPE. Putney Financial Group LLC bought a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $25,000. Alpine Bank Wealth Management bought a new stake in Hewlett Packard Enterprise during the first quarter valued at about $25,000. Bruce G. Allen Investments LLC boosted its position in 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 valued at $26,000 after purchasing an additional 1,318 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Hewlett Packard Enterprise in the second quarter valued at about $26,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Hewlett Packard Enterprise in the first quarter valued at about $27,000. Institutional investors own 80.78% of the company's stock.
About Hewlett Packard Enterprise
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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.
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