Hewlett Packard Enterprise (NYSE:HPE) Receives $24.00 Average Target Price from Analysts

Shares of Hewlett Packard Enterprise (NYSE:HPE) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $24.00.

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Bank of America upgraded shares of 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 report on Tuesday, September 17th. Barclays boosted their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Finally, Susquehanna reissued a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the transaction, the chief executive officer now owns 1,508,641 shares of the company’s stock, valued at $31,274,127.93. The trade was a 14.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 570,589 shares of company stock valued at $12,216,858 over the last three months. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Large investors have recently made changes to their positions in the business. Moloney Securities Asset Management LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth about $861,000. CHICAGO TRUST Co NA lifted its holdings in Hewlett Packard Enterprise by 67.8% during the 3rd 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 holdings in shares of Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after acquiring an additional 1,885,559 shares in the last quarter. National Pension Service grew its holdings in shares of Hewlett Packard Enterprise by 17.3% during the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock worth $65,528,000 after purchasing an additional 472,885 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in Hewlett Packard Enterprise by 110.8% during the 3rd quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company’s stock worth $6,102,000 after acquiring an additional 157,561 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $22.32 on Friday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.24. The business’s fifty day moving average is $21.54 and its two-hundred day moving average is $20.22. The stock has a market capitalization of $29.36 billion, a P/E ratio of 11.75, a P/E/G ratio of 2.02 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.33%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is 27.37%.

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.