Brokerages Set Hewlett Packard Enterprise (NYSE:HPE) Price Target at $21.46

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) has earned a consensus rating of "Hold" from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $21.46.

Several research firms recently weighed in on HPE. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a "neutral" rating and a $20.00 target price on the stock. Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their target price for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. UBS Group raised their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 price objective on the stock. Finally, Loop Capital raised their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, September 9th.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the transaction, the senior vice president now owns 7,771 shares of the company's stock, valued at $163,191. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares of the company's stock, valued at $1,395,037. This trade represents a 26.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock valued at $8,599,617 over the last three months. Company insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several large investors have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $26,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $28,000. Hazlett Burt & Watson Inc. boosted its position in shares of Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock valued at $28,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its stake in Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after acquiring an additional 637 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded down $0.27 during trading hours on Friday, reaching $21.07. 10,918,003 shares of the company traded hands, compared to its average volume of 15,284,262. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The firm's 50-day moving average is $19.87 and its 200-day moving average is $19.43. The stock has a market cap of $27.36 billion, a P/E ratio of 15.05, a P/E/G ratio of 3.39 and a beta of 1.19. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion during the quarter, compared to analysts' expectations of $7.67 billion. During the same period in the previous year, the company earned $0.35 EPS. Hewlett Packard Enterprise's revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.47%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 37.14%.

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.