Hewlett Packard Enterprise (NYSE:HPE – Get Rating) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $16.00 to $15.00 in a report issued on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the technology company’s stock.
Several other equities analysts also recently commented on HPE. Barclays decreased their target price on Hewlett Packard Enterprise from $20.00 to $19.00 and set an overweight rating on the stock in a research report on Thursday, June 2nd. Bank of America cut shares of Hewlett Packard Enterprise from a buy rating to a neutral rating and reduced their target price for the company from $19.00 to $16.00 in a research report on Friday, May 20th. JPMorgan Chase & Co. lowered their price target on shares of Hewlett Packard Enterprise from $18.00 to $16.00 and set an overweight rating on the stock in a research report on Thursday, July 14th. Evercore ISI cut their price objective on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an outperform rating for the company in a report on Tuesday, June 28th. Finally, Raymond James reaffirmed an outperform rating and set a $19.00 target price (down from $20.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 21st. Three analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $16.88.
Hewlett Packard Enterprise Stock Performance
HPE opened at $13.60 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise has a 12-month low of $12.40 and a 12-month high of $17.76. The business has a 50 day moving average of $13.91 and a 200-day moving average of $15.18. The stock has a market cap of $17.67 billion, a price-to-earnings ratio of 4.89, a PEG ratio of 3.03 and a beta of 1.15.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Monday, September 12th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, September 9th. Hewlett Packard Enterprise’s dividend payout ratio is presently 17.27%.
Insider Transactions at Hewlett Packard Enterprise
In related news, EVP Thomas E. Black, Jr. sold 28,347 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $15.26, for a total transaction of $432,575.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Alan Richard May sold 94,705 shares of the firm’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the sale, the executive vice president now owns 310,500 shares of the company’s stock, valued at approximately $4,682,340. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas E. Black, Jr. sold 28,347 shares of the business’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $15.26, for a total value of $432,575.22. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.
Institutional Trading of Hewlett Packard Enterprise
A number of hedge funds have recently made changes to their positions in HPE. Swiss National Bank raised its holdings in Hewlett Packard Enterprise by 14.1% in the 1st quarter. Swiss National Bank now owns 5,665,553 shares of the technology company’s stock valued at $94,671,000 after buying an additional 701,800 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Hewlett Packard Enterprise by 5.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,166,842 shares of the technology company’s stock valued at $19,497,000 after buying an additional 61,946 shares during the period. IFM Investors Pty Ltd boosted its position in shares of Hewlett Packard Enterprise by 18.4% during the 1st quarter. IFM Investors Pty Ltd now owns 211,031 shares of the technology company’s stock valued at $3,526,000 after purchasing an additional 32,857 shares in the last quarter. Seven Eight Capital LP acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $227,000. Finally, Guggenheim Capital LLC boosted its holdings in shares of Hewlett Packard Enterprise by 21.5% during the 4th quarter. Guggenheim Capital LLC now owns 649,817 shares of the technology company’s stock worth $10,247,000 after buying an additional 115,059 shares in the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.
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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.
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