Hewlett Packard Enterprise (NYSE:HPE) Given Consensus Rating of “Hold” by Brokerages

Hewlett Packard Enterprise (NYSE:HPE) has been assigned an average rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $21.46.

Several analysts have recently commented on the stock. UBS Group raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a “hold” rating and a $22.00 target price for the company. Citigroup assumed coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Loop Capital boosted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the sale, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at approximately $163,191. This represents a 50.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 26.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of large investors have recently added to or reduced their stakes in HPE. Pacer Advisors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 14,953.2% in the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock valued at $490,925,000 after purchasing an additional 23,035,594 shares in the last quarter. Marshall Wace LLP lifted its stake in Hewlett Packard Enterprise by 3,228.2% in the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock valued at $186,831,000 after acquiring an additional 8,560,086 shares in the last quarter. Vanguard Group Inc. lifted its stake in Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after acquiring an additional 5,777,901 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after acquiring an additional 5,629,006 shares in the last quarter. Finally, Mizuho Markets Americas LLC bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $105,185,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 1.3 %

Shares of HPE stock opened at $21.07 on Friday. The company has a market capitalization of $27.36 billion, a P/E ratio of 15.05, a P/E/G ratio of 3.39 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $19.80 and a 200 day moving average price of $19.40.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. Research analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.14%.

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.