Hewlett Packard Enterprise (NYSE:HPE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Hewlett Packard Enterprise (NYSE:HPE) have received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Six 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 1 year target price among brokers that have updated their coverage on the stock in the last year is $24.00.

A number of research analysts have recently commented on HPE shares. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Barclays upped their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, 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 report on Monday, November 18th.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the sale, the chief executive officer now owns 1,508,641 shares in the company, valued at $31,274,127.93. This represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 582,166 shares of company stock valued at $12,483,129. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC raised its position in Hewlett Packard Enterprise by 6.4% in the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock worth $198,000 after acquiring an additional 579 shares during the period. Werba Rubin Papier Wealth Management boosted its stake in Hewlett Packard Enterprise by 2.5% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock worth $483,000 after purchasing an additional 581 shares during the period. Cutter & CO Brokerage Inc. boosted its position in shares of Hewlett Packard Enterprise by 4.4% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 13,924 shares of the technology company’s stock valued at $285,000 after acquiring an additional 589 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its position in shares of Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 119,347 shares of the technology company’s stock valued at $2,527,000 after acquiring an additional 598 shares during the last quarter. Finally, Rise Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 45.5% during the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after acquiring an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.5 %

Shares of HPE stock opened at $22.14 on Friday. The company’s fifty day simple moving average is $21.66 and its two-hundred day simple moving average is $20.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.24. The stock has a market capitalization of $29.12 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 2.02 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

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 paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is 27.37%.

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.