Hewlett Packard Enterprise (NYSE:HPE - Free Report) had its price target reduced by Loop Capital from $24.00 to $16.00 in a report released on Monday morning,Benzinga reports. Loop Capital currently has a hold rating on the technology company's stock.
Other analysts have also recently issued research reports about the stock. Raymond James raised shares of 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 note on Monday, November 18th. Wells Fargo & Company lowered their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Citigroup upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Barclays decreased their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Finally, Bank of America reduced their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Nine investment 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. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and a consensus price target of $21.27.
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Hewlett Packard Enterprise Stock Performance
Shares of NYSE HPE traded down $0.32 during trading hours on Monday, reaching $14.77. 30,907,967 shares of the stock were exchanged, compared to its average volume of 14,991,670. Hewlett Packard Enterprise has a 52 week low of $14.65 and a 52 week high of $24.66. The firm has a market capitalization of $19.40 billion, a price-to-earnings ratio of 7.77, a P/E/G ratio of 2.03 and a beta of 1.20. The stock's fifty day simple moving average is $21.09 and its 200 day simple moving average is $20.64. 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 Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.
Insiders Place Their Bets
In other news, SVP Jeremy Cox sold 11,577 shares of the company's stock in a transaction that occurred on 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.36% of the company's stock.
Hedge Funds Weigh In On Hewlett Packard Enterprise
A number of large investors have recently bought and sold shares of the business. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $25,000. Putney Financial Group LLC purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter worth about $26,000. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $28,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $31,000. Institutional investors own 80.78% of the company's stock.
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.
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