Hewlett Packard Enterprise (NYSE:HPE) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) from a buy rating to a hold rating in a research report report published on Friday.

A number of other brokerages also recently issued reports on HPE. Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Morgan Stanley reduced their price objective on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Bank of America reduced their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday. Finally, Stifel Nicolaus upped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and a consensus target price of $22.21.

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Hewlett Packard Enterprise Stock Down 11.9 %

Shares of NYSE:HPE traded down $2.15 during midday trading on Friday, hitting $15.82. 81,923,511 shares of the company's stock were exchanged, compared to its average volume of 14,855,802. 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 50 day moving average price of $21.47 and a 200-day moving average price of $20.72. The company has a market cap of $20.77 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 12 month low of $14.93 and a 12 month high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise's payout ratio is currently 25.37%.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 11,577 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 324,395 shares of company stock worth $7,121,896. 0.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Putney Financial Group LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. bought a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $26,000. Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at $28,000. Finally, Ameriflex Group Inc. bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at $31,000. 80.78% of the stock is owned by institutional investors.

About Hewlett Packard Enterprise

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.