Hewlett Packard Enterprise (NYSE:HPE) Price Target Lowered to $20.00 at Barclays

Hewlett Packard Enterprise (NYSE:HPE - Free Report) had its price objective cut by Barclays from $27.00 to $20.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the technology company's stock.

A number of other brokerages have also recently issued reports on HPE. Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their target price for the company from $23.00 to $26.00 in a report on Friday, December 6th. Raymond James upgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Stifel Nicolaus boosted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, December 6th. StockNews.com lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.21.

Remove Ads

Hewlett Packard Enterprise Stock Performance

HPE stock traded down $2.15 during midday trading on Friday, reaching $15.82. 81,923,511 shares of the company's stock traded hands, compared to its average volume of 14,855,802. The company has a 50-day moving average price of $21.47 and a two-hundred day moving average price of $20.72. 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 has a 52 week low of $14.93 and a 52 week high of $24.66. The firm has a market capitalization 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.29%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the company's stock in a transaction dated 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 owns 104,192 shares of the company's stock, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 324,395 shares of company stock worth $7,121,896. Corporate insiders own 0.36% of the company's stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors have recently bought and sold shares of the stock. Kathmere Capital Management LLC raised its stake in Hewlett Packard Enterprise by 87.2% in the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock worth $544,000 after buying an additional 11,869 shares in the last quarter. Lebenthal Global Advisors LLC raised its stake in Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after buying an additional 16,447 shares in the last quarter. Nordea Investment Management AB raised its stake in Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after buying an additional 1,885,559 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Hewlett Packard Enterprise by 78.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock worth $19,545,000 after buying an additional 401,016 shares in the last quarter. Finally, USA Financial Formulas bought a new position in Hewlett Packard Enterprise in the fourth quarter worth about $617,000. 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.