Hewlett Packard Enterprise (NYSE:HPE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Hewlett Packard Enterprise (NYSE:HPE) have earned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $21.27.

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Barclays reduced their price objective 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. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Morgan Stanley reduced their price target on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Finally, Bank of America lowered their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 7th.

Hewlett Packard Enterprise Trading Up 0.5 %

Shares of NYSE:HPE opened at $16.56 on Friday. The company has a market capitalization of $21.75 billion, a PE ratio of 8.72, a P/E/G ratio of 2.03 and a beta of 1.20. 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 has a 12-month low of $14.64 and a 12-month high of $24.66. The business’s fifty day simple moving average is $19.99 and its 200-day simple moving average is $20.48.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.14%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.36% of the stock is owned by insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several large investors have recently made changes to their positions in HPE. RPg Family Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $25,000. Putney Financial Group LLC acquired a new position in Hewlett Packard Enterprise in the 4th quarter worth about $25,000. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $28,000. Ameriflex Group Inc. acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $31,000. Finally, Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $32,000. 80.78% of the stock is currently 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.