Hewlett Packard Enterprise (NYSE:HPE) Downgraded to Buy Rating by StockNews.com

StockNews.com cut shares of Hewlett Packard Enterprise (NYSE:HPE) from a strong-buy rating to a buy rating in a research note released on Thursday.

A number of other research analysts also recently commented on HPE. Barclays increased their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $23.00 to $29.00 in a report on Monday, November 18th. Loop Capital raised their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Susquehanna reiterated a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Trading Down 0.1 %

NYSE HPE opened at $21.35 on Thursday. The company’s fifty day simple moving average is $22.05 and its 200-day simple moving average is $20.45. The stock has a market cap of $28.08 billion, a P/E ratio of 11.24, a PEG ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were 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 directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock worth $7,300,629 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently bought and sold shares of the company. Black Swift Group LLC raised its stake in shares of Hewlett Packard Enterprise by 92.1% in the fourth quarter. Black Swift Group LLC now owns 115,250 shares of the technology company’s stock valued at $2,461,000 after buying an additional 55,250 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $292,959,000. Arizona State Retirement System lifted its stake in shares of Hewlett Packard Enterprise by 1.3% during the 4th quarter. Arizona State Retirement System now owns 377,201 shares of the technology company’s stock valued at $8,053,000 after buying an additional 4,847 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $3,598,000. Finally, M&T Bank Corp grew its stake in Hewlett Packard Enterprise by 0.5% in the 4th quarter. M&T Bank Corp now owns 140,343 shares of the technology company’s stock valued at $2,997,000 after buying an additional 708 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

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.