Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $14.64 and last traded at $14.77, with a volume of 30907967 shares trading hands. The stock had previously closed at $15.09.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Barclays reduced their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Bank of America reduced their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a research report on Wednesday. Susquehanna reduced their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a research report on Thursday, December 19th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.27.
Check Out Our Latest Analysis on HPE
Hewlett Packard Enterprise Stock Up 6.2 %
The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market cap of $20.60 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 2.03 and a beta of 1.20. The firm has a 50-day moving average of $20.84 and a two-hundred day moving average of $20.58.
Hewlett Packard Enterprise Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.32%. Hewlett Packard Enterprise's dividend payout ratio is 25.37%.
Insider Activity at Hewlett Packard Enterprise
In related news, SVP Jeremy Cox sold 11,577 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.36% of the company's stock.
Hedge Funds Weigh In On Hewlett Packard Enterprise
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $9,247,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $28,000. Centaurus Financial Inc. grew its stake in shares of Hewlett Packard Enterprise by 103.3% in the 4th quarter. Centaurus Financial Inc. now owns 15,391 shares of the technology company's stock valued at $329,000 after purchasing an additional 7,819 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $27,528,000. Finally, Brooklyn FI LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $5,182,000. 80.78% of the stock is currently owned by institutional investors.
Hewlett Packard Enterprise Company Profile
(
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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.
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