Brokerages Set Hewlett Packard Enterprise (NYSE:HPE) Target Price at $23.79

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $23.79.

Several research firms recently weighed in on HPE. Loop Capital raised their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a research note on Monday. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Susquehanna reiterated a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Barclays raised their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, UBS Group upped their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, September 5th.

Insiders Place Their Bets

In related news, EVP Neil B. Macdonald sold 29,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares of the company's stock, valued at approximately $1,395,037. This represents a 26.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the firm's 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 completion of the sale, the senior vice president now directly owns 7,771 shares of the company's stock, valued at $163,191. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 483,783 shares of company stock worth $9,951,850. 0.40% of the stock is owned by corporate insiders.

Institutional Trading of Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama increased its holdings in Hewlett Packard Enterprise by 16.0% during the 3rd quarter. Retirement Systems of Alabama now owns 4,887,662 shares of the technology company's stock worth $100,002,000 after purchasing an additional 673,801 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Hewlett Packard Enterprise during the third quarter worth $1,915,000. Synovus Financial Corp raised its position in Hewlett Packard Enterprise by 7.9% in the 3rd quarter. Synovus Financial Corp now owns 23,751 shares of the technology company's stock valued at $486,000 after buying an additional 1,732 shares during the last quarter. Tidal Investments LLC lifted its stake in Hewlett Packard Enterprise by 169.0% during the 3rd quarter. Tidal Investments LLC now owns 359,280 shares of the technology company's stock valued at $7,351,000 after acquiring an additional 225,719 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Hewlett Packard Enterprise during the 3rd quarter worth $507,000. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock traded down $0.01 during trading hours on Wednesday, reaching $21.91. The company's stock had a trading volume of 16,180,882 shares, compared to its average volume of 15,298,031. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.24. The firm's 50 day simple moving average is $21.00 and its 200-day simple moving average is $19.98. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $28.45 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 3.74 and a beta of 1.21.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.37%. Hewlett Packard Enterprise's dividend payout ratio is currently 27.37%.

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.