Hewlett Packard Enterprise (NYSE:HPE) Receives “Neutral” Rating from Susquehanna

Susquehanna reaffirmed their neutral rating on shares of Hewlett Packard Enterprise (NYSE:HPE) in a research report sent to investors on Friday, Benzinga reports. Susquehanna currently has a $20.00 price target on the technology company’s stock.

Several other research firms also recently weighed in on HPE. Loop Capital lifted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a hold rating in a report on Monday, September 9th. Morgan Stanley reiterated an equal weight rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Barclays raised shares of Hewlett Packard Enterprise from an equal weight rating to an overweight rating and upped their price target for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a hold rating and a $22.00 price objective for the company. Finally, 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. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $21.36.

Hewlett Packard Enterprise Trading Up 0.2 %

Shares of HPE stock opened at $20.72 on Friday. The firm has a fifty day moving average price of $18.82 and a 200-day moving average price of $18.93. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The company has a market cap of $26.93 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 3.38 and a beta of 1.19. 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 (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Insider Buying and Selling

In related news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 7,771 shares in the company, valued at approximately $163,191. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 176,012 shares of company stock worth $3,417,117. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise in the second quarter valued at $28,000. Hazlett Burt & Watson Inc. lifted its position in Hewlett Packard Enterprise by 571.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,143 shares during the last quarter. Rise Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,051 shares during the last quarter. ORG Partners LLC grew its stake in shares of Hewlett Packard Enterprise by 224.5% during the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after buying an additional 1,282 shares during the last quarter. Finally, American National Bank boosted its position in Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares during the period. 80.78% of the stock is currently owned by institutional investors.

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.