Hewlett Packard Enterprise Company (NYSE:HPE) has received an average rating of “Hold” from the thirty-five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.07.

Several research firms recently weighed in on HPE. Loop Capital reissued a “hold” rating and issued a $14.50 target price (down from $17.00) on shares of Hewlett Packard Enterprise in a research note on Friday. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $14.00 target price (down from $17.00) on shares of Hewlett Packard Enterprise in a research note on Thursday. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Thursday. Deutsche Bank AG decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $15.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday.

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Shares of Hewlett Packard Enterprise (HPE) opened at 13.12 on Friday. Hewlett Packard Enterprise has a 52 week low of $11.99 and a 52 week high of $14.86. The firm has a market capitalization of $21.55 billion, a PE ratio of 9.95 and a beta of 2.72. The stock has a 50 day moving average of $13.68 and a 200-day moving average of $13.68.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The business had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period last year, the business earned $0.49 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that Hewlett Packard Enterprise will post $1.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 371.48%.

In related news, EVP Christopher P. Hsu sold 15,333 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $17.67, for a total value of $270,934.11. Following the completion of the transaction, the executive vice president now owns 15,333 shares of the company’s stock, valued at $270,934.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 389,668 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $17.64, for a total value of $6,873,743.52. Following the completion of the transaction, the chief executive officer now directly owns 962,433 shares of the company’s stock, valued at approximately $16,977,318.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,963,677 shares of company stock valued at $34,198,508. 0.87% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in Hewlett Packard Enterprise in the first quarter valued at about $125,000. Harfst & Associates Inc. acquired a new position in Hewlett Packard Enterprise in the first quarter valued at about $127,000. WFG Advisors LP raised its stake in Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after purchasing an additional 801 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in Hewlett Packard Enterprise by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after purchasing an additional 675 shares in the last quarter. Finally, Guardian Life Insurance Co. of America raised its stake in Hewlett Packard Enterprise by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock valued at $152,000 after purchasing an additional 43 shares in the last quarter. 80.21% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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