Hewlett Packard Enterprise (NYSE:HPE) Receives Average Recommendation of "Moderate Buy" from Brokerages

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) has earned an average rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $24.00.

HPE has been the subject of a number of analyst reports. Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their target price for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a research note on Thursday, December 19th.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded down $0.49 during midday trading on Thursday, hitting $21.18. 27,888,330 shares of the company traded hands, compared to its average volume of 16,499,836. The stock has a market cap of $27.85 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.27 and a beta of 1.20. The firm has a 50 day moving average of $22.13 and a 200-day moving average of $20.44. 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 $14.47 and a 52 week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.46%. Hewlett Packard Enterprise's payout ratio is currently 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the transaction, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock worth $7,300,629 in the last ninety days. Insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HPE. Hourglass Capital LLC boosted its position in Hewlett Packard Enterprise by 0.5% during the 4th quarter. Hourglass Capital LLC now owns 137,480 shares of the technology company's stock valued at $2,935,000 after purchasing an additional 730 shares during the period. Secured Retirement Advisors LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter worth about $788,000. Strategic Financial Concepts LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $374,000. Allworth Financial LP raised its holdings in shares of Hewlett Packard Enterprise by 18.1% during the fourth quarter. Allworth Financial LP now owns 43,620 shares of the technology company's stock valued at $931,000 after buying an additional 6,680 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of Hewlett Packard Enterprise by 32.9% in the fourth quarter. Principal Securities Inc. now owns 12,162 shares of the technology company's stock worth $260,000 after purchasing an additional 3,012 shares in the last quarter. 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.