Analysts Set Hewlett Packard Enterprise (NYSE:HPE) PT at $20.60

Shares of Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the sixteen brokerages that are currently covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $20.60.

A number of equities research analysts have weighed in on the stock. Loop Capital reduced their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, March 10th. Morgan Stanley lowered Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 target price for the company. in a research report on Tuesday, April 8th. Daiwa America downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Susquehanna decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Wells Fargo & Company dropped their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th.

Hewlett Packard Enterprise Trading Up 1.7 %

Hewlett Packard Enterprise stock traded up $0.25 during trading hours on Tuesday, hitting $15.13. The stock had a trading volume of 22,456,784 shares, compared to its average volume of 16,789,240. The stock has a market cap of $19.87 billion, a price-to-earnings ratio of 7.96, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The business's 50 day simple moving average is $16.89 and its 200-day simple moving average is $19.89. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.44%. Hewlett Packard Enterprise's dividend payout ratio is 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.36% of the company's stock.

Institutional Trading of Hewlett Packard Enterprise

A number of large investors have recently modified their holdings of the business. Putney Financial Group LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $25,000. Bruce G. Allen Investments LLC increased its holdings in shares of Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after buying an additional 1,318 shares during the last quarter. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $28,000. Ameriflex Group Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $31,000. Finally, Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth $32,000. Institutional investors own 80.78% of the company's stock.

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.