Analysts Set Hewlett Packard Enterprise (NYSE:HPE) PT at $21.46

Shares of Hewlett Packard Enterprise (NYSE:HPE) have been given an average rating of “Hold” by the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $21.46.

Several research analysts have commented on HPE shares. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a “neutral” rating and a $20.00 price objective for the company. UBS Group increased their target price 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. Loop Capital raised their price target 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. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th.

Hewlett Packard Enterprise Price Performance

HPE opened at $19.40 on Tuesday. The company has a market capitalization of $25.21 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 3.38 and a beta of 1.19. 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 $19.24 and a 200-day moving average price of $19.04. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last issued its 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 net margin of 6.39% and a return on equity of 8.94%. The business had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Insider Activity

In related news, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the sale, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Hewlett Packard Enterprise 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 transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors have recently bought and sold shares of HPE. CHICAGO TRUST Co NA lifted its position in Hewlett Packard Enterprise by 67.8% in the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after purchasing an additional 36,704 shares during the last quarter. Nordea Investment Management AB boosted its position in Hewlett Packard Enterprise by 12.3% during the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock valued at $84,166,000 after buying an additional 517,734 shares during the period. Sei Investments Co. grew its holdings in Hewlett Packard Enterprise by 56.1% in the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after acquiring an additional 475,397 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Hewlett Packard Enterprise by 5.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after acquiring an additional 196,112 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Hewlett Packard Enterprise by 455.7% in the first quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after acquiring an additional 99,394 shares during the period. 80.78% of the stock is currently owned by hedge funds and other 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.