Hewlett Packard Enterprise (NYSE:HPE) Receives Neutral Rating from Susquehanna

Susquehanna reissued their neutral rating on shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) in a research report sent to investors on Friday morning, Benzinga reports. They currently have a $20.00 price target on the technology company's stock.

Several other equities research analysts have also commented on the company. Wells Fargo & Company upped their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an equal weight rating in a research report on Wednesday, June 5th. Morgan Stanley reiterated an equal weight rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Stifel Nicolaus increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a buy rating in a research report on Wednesday, June 5th. Evercore ISI upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an in-line rating in a report on Wednesday, June 5th. Finally, Sanford C. Bernstein lifted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a market perform rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of Hold and an average target price of $21.09.

Hewlett Packard Enterprise Price Performance

HPE traded down $0.12 during trading on Friday, hitting $17.53. 16,207,448 shares of the stock traded hands, compared to its average volume of 15,067,393. The business has a 50 day moving average price of $19.45 and a 200 day moving average price of $18.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The company has a market cap of $22.78 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 2.80 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. Hewlett Packard Enterprise's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is currently 37.96%.

Insider Buying and Selling

In other news, CEO Gerri Gold sold 22,784 shares of the firm's stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now directly owns 57,081 shares in the company, valued at $1,236,945.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Kirt P. Karros sold 30,686 shares of the company's stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gerri Gold sold 22,784 shares of the business's stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the transaction, the chief executive officer now owns 57,081 shares in the company, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders have sold 90,141 shares of company stock valued at $1,874,608 in the last 90 days. Company insiders own 0.40% of the company's stock.

Institutional Trading of Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Hewlett Packard Enterprise by 3.7% during the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company's stock worth $2,869,655,000 after purchasing an additional 5,777,901 shares during the period. Pacer Advisors Inc. increased its holdings in Hewlett Packard Enterprise by 14,953.2% during the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock worth $490,925,000 after purchasing an additional 23,035,594 shares during the period. Dimensional Fund Advisors LP raised its position in Hewlett Packard Enterprise by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company's stock valued at $399,507,000 after purchasing an additional 822,722 shares in the last quarter. Legal & General Group Plc raised its holdings in Hewlett Packard Enterprise by 3.8% in the second quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company's stock valued at $358,602,000 after acquiring an additional 617,691 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Hewlett Packard Enterprise by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company's stock worth $200,776,000 after purchasing an additional 237,321 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company Profile

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.