Brokerages Set Hewlett Packard Enterprise (NYSE:HPE) PT at $20.60

Hewlett Packard Enterprise (NYSE:HPE) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $20.60.

A number of equities research analysts have commented on HPE shares. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Wednesday, March 12th. Susquehanna lowered their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Loop Capital cut their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, March 10th. Finally, Barclays reduced their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, March 7th.

Hewlett Packard Enterprise Stock Up 4.9%

HPE opened at $17.72 on Friday. The business has a 50 day moving average of $15.52 and a 200-day moving average of $19.44. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $23.27 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.94%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently modified their holdings of HPE. Principal Financial Group Inc. raised its holdings in shares of Hewlett Packard Enterprise by 4.6% in the third quarter. Principal Financial Group Inc. now owns 1,561,022 shares of the technology company’s stock worth $31,939,000 after buying an additional 68,892 shares during the period. Fulton Bank N.A. raised its holdings in shares of Hewlett Packard Enterprise by 27.7% during the fourth quarter. Fulton Bank N.A. now owns 13,501 shares of the technology company’s stock worth $288,000 after purchasing an additional 2,928 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of Hewlett Packard Enterprise by 16.2% during the 4th quarter. First Hawaiian Bank now owns 30,611 shares of the technology company’s stock valued at $654,000 after purchasing an additional 4,258 shares in the last quarter. Graypoint LLC grew its holdings in Hewlett Packard Enterprise by 2.6% in the fourth quarter. Graypoint LLC now owns 36,295 shares of the technology company’s stock valued at $775,000 after purchasing an additional 936 shares during the period. Finally, Czech National Bank increased its stake in Hewlett Packard Enterprise by 6.4% during the 4th quarter. Czech National Bank now owns 281,578 shares of the technology company’s stock worth $6,012,000 after buying an additional 16,821 shares in the last quarter. 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.