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

Shares of Hewlett Packard Enterprise (NYSE:HPE) have been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $17.91.

Several brokerages recently issued reports on HPE. Barclays cut their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Evercore ISI cut their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a report on Friday, March 1st. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Stifel Nicolaus reduced their price target on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, March 1st.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the sale, the senior vice president now owns 15,541 shares in the company, valued at $263,575.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Rise Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 253.9% in the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,051 shares during the period. Authentikos Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth about $31,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $33,000. Salem Investment Counselors Inc. grew its stake in shares of Hewlett Packard Enterprise by 180.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after buying an additional 1,261 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $35,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $17.17 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. The firm has a market cap of $22.32 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 3.18 and a beta of 1.21. Hewlett Packard Enterprise has a 52 week low of $13.65 and a 52 week high of $20.07. The firm has a 50-day moving average price of $17.08 and a two-hundred day moving average price of $16.40.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $7.09 billion. During the same quarter last year, the business posted $0.38 EPS. Hewlett Packard Enterprise’s quarterly revenue was down 13.5% compared to the same quarter last year. On average, equities analysts expect that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.03%. Hewlett Packard Enterprise’s payout ratio is currently 35.86%.

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.