Hewlett Packard Enterprise (NYSE:HPE) Given “Neutral” Rating at Susquehanna

Susquehanna reiterated their neutral rating on shares of Hewlett Packard Enterprise (NYSE:HPE) in a report published on Friday morning, Benzinga reports. Susquehanna currently has a $20.00 price objective on the technology company’s stock.

A number of other equities research analysts also recently issued reports on HPE. Barclays upped their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an equal weight rating in a research report on Wednesday, June 5th. Bank of America cut their price objective on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set a neutral rating on the stock in a research report on Thursday, September 5th. UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a neutral rating in a research note on Thursday, September 5th. Morgan Stanley reissued an equal weight rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Finally, StockNews.com upgraded Hewlett Packard Enterprise from a hold rating to a buy rating in a research report on Wednesday, June 5th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $20.83.

Hewlett Packard Enterprise Trading Up 0.4 %

HPE opened at $17.60 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The firm has a market capitalization of $22.86 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 2.20 and a beta of 1.19. The business has a 50 day simple moving average of $19.31 and a two-hundred day simple moving average of $18.53.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Analysts predict that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a $0.13 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.95%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Insider Buying and Selling

In related news, CEO Gerri Gold sold 22,784 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the sale, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently modified their holdings of HPE. International Assets Investment Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 15.1% during the fourth quarter. International Assets Investment Management LLC now owns 73,005 shares of the technology company’s stock valued at $1,240,000 after buying an additional 9,578 shares during the period. Truist Financial Corp raised its holdings in shares of Hewlett Packard Enterprise by 1.5% in the 4th quarter. Truist Financial Corp now owns 80,501 shares of the technology company’s stock worth $1,367,000 after purchasing an additional 1,190 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Hewlett Packard Enterprise by 7.2% during the 4th quarter. Van ECK Associates Corp now owns 78,789 shares of the technology company’s stock valued at $1,338,000 after acquiring an additional 5,297 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Hewlett Packard Enterprise by 605.2% in the fourth quarter. Fisher Asset Management LLC now owns 3,251 shares of the technology company’s stock worth $55,000 after buying an additional 2,790 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Hewlett Packard Enterprise by 34.4% in the 4th quarter. Private Advisor Group LLC now owns 58,405 shares of the technology company’s stock worth $992,000 after acquiring an additional 14,959 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

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.