Hewlett Packard Enterprise (NYSE:HPE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Hewlett Packard Enterprise (NYSE:HPE) have been given an average recommendation of “Moderate Buy” by the fourteen analysts that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $24.00.

A number of brokerages recently weighed in on HPE. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, December 19th. Stifel Nicolaus raised their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Finally, Loop Capital raised their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $22.14 on Friday. The firm has a market cap of $29.12 billion, a P/E ratio of 11.65, a P/E/G ratio of 2.02 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 $14.47 and a 12 month high of $24.24. The stock’s fifty day moving average price is $21.66 and its 200-day moving average price is $20.25.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 27.37%.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares in the company, valued at $1,419,905. This represents a 11.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the sale, the chief executive officer now owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This trade represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 582,166 shares of company stock valued at $12,483,129 in the last quarter. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HPE. Geode Capital Management LLC grew its stake in shares of Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock valued at $642,748,000 after purchasing an additional 251,076 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after buying an additional 4,194,213 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hewlett Packard Enterprise by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company’s stock worth $399,507,000 after buying an additional 822,722 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Hewlett Packard Enterprise by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock worth $358,602,000 after buying an additional 617,691 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Hewlett Packard Enterprise by 6.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock worth $321,149,000 after buying an additional 921,624 shares in the last quarter. Hedge funds and other 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.