Loop Capital Cuts Hewlett Packard Enterprise (NYSE:HPE) Price Target to $16.00

Hewlett Packard Enterprise (NYSE:HPE - Free Report) had its price target cut by Loop Capital from $24.00 to $16.00 in a research report released on Monday morning,Benzinga reports. They currently have a hold rating on the technology company's stock.

Several other equities research analysts have also recently issued reports on the company. Citigroup upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price target for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Bank of America cut their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, March 7th. Susquehanna lowered their price objective 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. Wells Fargo & Company decreased their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Finally, StockNews.com downgraded Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and an average target price of $21.27.

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Hewlett Packard Enterprise Stock Performance

HPE stock traded down $0.32 during trading hours on Monday, hitting $14.77. 30,907,967 shares of the stock were exchanged, compared to its average volume of 14,981,717. Hewlett Packard Enterprise has a 12 month low of $14.65 and a 12 month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $19.40 billion, a P/E ratio of 7.77, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a 50-day simple moving average of $20.96 and a two-hundred day simple moving average of $20.60.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.52%. Hewlett Packard Enterprise's payout ratio is 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares of the company's stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.36% of the company's stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors and hedge funds have recently modified their holdings of the business. Putney Financial Group LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $26,000. Hara Capital LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $28,000. Finally, Ameriflex Group Inc. bought a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $31,000. 80.78% of the stock is currently owned by institutional investors.

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.