Hewlett Packard Enterprise (NYSE:HPE - Get Free Report)'s share price gapped down prior to trading on Friday after StockNews.com downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $17.96, but opened at $15.26. Hewlett Packard Enterprise shares last traded at $15.16, with a volume of 14,516,120 shares traded.
A number of other analysts have also recently weighed in on the company. Susquehanna lowered their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday. Barclays lowered 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. Wells Fargo & Company lowered their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research report on Friday. Stifel Nicolaus lifted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. 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. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and an average target price of $22.21.
Check Out Our Latest Report on HPE
Insider Activity
In related news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, the director now owns 104,192 shares in the company, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares of the company's stock, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 324,395 shares of company stock valued at $7,121,896 in the last quarter. 0.36% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Hewlett Packard Enterprise
Large investors have recently bought and sold shares of the company. Putney Financial Group LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $25,000. RPg Family Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $26,000. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $28,000. Finally, Ameriflex Group Inc. purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $31,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.
Hewlett Packard Enterprise Trading Down 11.9 %
The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a 50 day simple moving average of $21.47 and a 200 day simple moving average of $20.72. The company has a market capitalization of $20.77 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.
Hewlett Packard Enterprise Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.29%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.
About Hewlett Packard Enterprise
(
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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.
Further Reading
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