Hewlett Packard Enterprise Company (NYSE:HPE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) have received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $24.8125.

HPE has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 4th. Bank of America boosted their price objective on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Sanford C. Bernstein started coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday. They issued a “market perform” rating and a $24.00 target price on the stock. Susquehanna boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $22.00 to $28.00 in a report on Thursday, August 21st.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. This represents a 41.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary M. Reiner sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the transaction, the director directly owned 83,869 shares in the company, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 668,590 shares of company stock valued at $15,265,033 over the last quarter. 0.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently made changes to their positions in the business. Sowell Financial Services LLC purchased a new position in Hewlett Packard Enterprise in the 1st quarter worth $301,000. Strs Ohio bought a new position in shares of Hewlett Packard Enterprise during the first quarter valued at about $15,663,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Hewlett Packard Enterprise by 22.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company’s stock worth $2,421,000 after buying an additional 28,123 shares during the period. OneDigital Investment Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at about $164,000. Finally, Farther Finance Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 2.3% during the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company’s stock valued at $492,000 after acquiring an additional 699 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Down 1.7%

HPE opened at $24.42 on Friday. The firm has a market capitalization of $32.22 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 2.55 and a beta of 1.43. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $25.10. The company has a fifty day moving average price of $21.74 and a 200-day moving average price of $18.57. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.1%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 63.41%.

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.