Hewlett Packard Enterprise (NYSE:HPE) Sets New 52-Week Low - What's Next?

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $14.19 and last traded at $14.22, with a volume of 9676054 shares traded. The stock had previously closed at $16.12.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HPE. 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 research report on Monday, March 10th. Morgan Stanley downgraded 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. Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a report on Thursday, December 19th. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise has an average rating of "Hold" and an average price target of $20.60.

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Hewlett Packard Enterprise Stock Down 6.2 %

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm's fifty day simple moving average is $18.43 and its 200 day simple moving average is $20.33. The stock has a market capitalization of $16.42 billion, a price-to-earnings ratio of 6.58, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed 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 4.16%. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. Putney Financial Group LLC bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $25,000. Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Ameriflex Group Inc. acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $31,000. Tandem Financial LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $32,000. Finally, Elequin Capital LP bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 80.78% of the company's stock.

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.