Hewlett Packard Enterprise (NYSE:HPE) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise (NYSE:HPE) from a hold rating to a buy rating in a report released on Thursday morning, MarketBeat reports. They currently have $25.00 target price on the technology company’s stock.

A number of other equities research analysts have also recently commented on HPE. Loop Capital increased their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, Susquehanna reissued a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $21.61 on Thursday. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.24. The firm’s fifty day simple moving average is $21.13 and its two-hundred day simple moving average is $20.15. 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 firm has a market capitalization of $28.06 billion, a P/E ratio of 11.37, a P/E/G ratio of 2.64 and a beta of 1.21.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 7,771 shares of the company’s stock, valued at $163,191. This represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction on Wednesday, September 25th. The shares were 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 directly owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 717,601 shares of company stock worth $15,140,976 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors and hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its holdings in shares of Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock worth $2,363,000 after purchasing an additional 536 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Hewlett Packard Enterprise by 6.4% in the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock valued at $198,000 after buying an additional 579 shares in the last quarter. Bailard Inc. increased its stake in shares of Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock worth $748,000 after acquiring an additional 580 shares during the last quarter. Werba Rubin Papier Wealth Management raised its holdings in shares of Hewlett Packard Enterprise by 2.5% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock worth $483,000 after acquiring an additional 581 shares during the period. Finally, Cutter & CO Brokerage Inc. boosted its holdings in Hewlett Packard Enterprise by 4.4% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 13,924 shares of the technology company’s stock valued at $285,000 after purchasing an additional 589 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.