Hewlett Packard Enterprise (NYSE:HPE) Stock Crosses Below Fifty Day Moving Average - What's Next?

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $21.34 and traded as low as $21.18. Hewlett Packard Enterprise shares last traded at $21.35, with a volume of 7,317,322 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Bank of America upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective on the stock in a research note on Thursday, December 19th. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, UBS Group increased their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.00.

Hewlett Packard Enterprise Trading Up 0.6 %

The company has a 50 day moving average of $21.38 and a 200 day moving average of $20.22. The firm has a market cap of $27.88 billion, a P/E ratio of 11.30, a PEG ratio of 2.02 and a beta of 1.21. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio is 27.37%.

Insider Activity

In related news, EVP John F. Schultz sold 262,818 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Antonio F. Neri sold 250,000 shares of the business's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the transaction, the chief executive officer now directly owns 1,508,641 shares of the company's stock, valued at approximately $31,274,127.93. This represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 578,359 shares of company stock worth $12,380,028. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its holdings in shares of Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock worth $2,363,000 after purchasing an additional 536 shares during the period. Avior Wealth Management LLC raised its holdings in Hewlett Packard Enterprise by 6.4% in the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company's stock valued at $198,000 after acquiring an additional 579 shares in the last quarter. Werba Rubin Papier Wealth Management lifted its position in shares of Hewlett Packard Enterprise by 2.5% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company's stock worth $483,000 after acquiring an additional 581 shares during the period. Cutter & CO Brokerage Inc. grew its holdings in shares of Hewlett Packard Enterprise by 4.4% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 13,924 shares of the technology company's stock worth $285,000 after purchasing an additional 589 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co raised its stake in shares of Hewlett Packard Enterprise by 0.5% in the second quarter. Elo Mutual Pension Insurance Co now owns 119,347 shares of the technology company's stock valued at $2,527,000 after purchasing an additional 598 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

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.