Hewlett Packard Enterprise (NYSE:HPE) Given Consensus Recommendation of "Moderate Buy" by Analysts

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $21.27.

HPE has been the topic of several research reports. Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Citigroup upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Susquehanna reduced their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Stifel Nicolaus boosted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Finally, Loop Capital cut their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, March 10th.

Insiders Place Their Bets

In related news, SVP Jeremy Cox sold 11,577 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares in the company, 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 available through the SEC website. Corporate insiders own 0.36% of the company's stock.

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Institutional Investors Weigh In On Hewlett Packard Enterprise

Hedge funds have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise in the third quarter worth $25,000. Putney Financial Group LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at about $25,000. Hara Capital LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $28,000. Ameriflex Group Inc. purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $31,000. Finally, Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $32,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded up $0.46 during trading on Friday, hitting $16.51. The company's stock had a trading volume of 24,156,080 shares, compared to its average volume of 15,145,248. Hewlett Packard Enterprise has a 52 week low of $14.64 and a 52 week high of $24.66. The company has a market cap of $21.68 billion, a PE ratio of 8.69, a P/E/G ratio of 2.03 and a beta of 1.20. The business has a fifty day moving average of $20.22 and a 200-day moving average of $20.49. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

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 paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.15%. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

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.