Hewlett Packard Enterprise (NYSE:HPE) Receives Average Rating of “Moderate Buy” from Brokerages

Hewlett Packard Enterprise (NYSE:HPE) has been given an average rating of “Moderate Buy” by the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $20.60.

A number of equities research analysts have issued reports on HPE shares. Wells Fargo & Company cut their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Wednesday, March 12th. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley downgraded Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective on the stock. in a research note on Tuesday, April 8th.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HPE. Raymond James Financial Inc. purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $292,959,000. Norges Bank purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth $119,067,000. Slate Path Capital LP grew its position in shares of Hewlett Packard Enterprise by 44.8% during the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock worth $270,914,000 after buying an additional 3,924,039 shares in the last quarter. Northern Trust Corp increased its stake in shares of Hewlett Packard Enterprise by 24.7% during the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company’s stock valued at $345,534,000 after buying an additional 3,208,424 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 1,382.5% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company’s stock valued at $70,447,000 after acquiring an additional 3,077,046 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $16.84 on Friday. The business has a 50-day moving average price of $15.54 and a 200-day moving average price of $19.45. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $24.66. The firm has a market cap of $22.12 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 25.37%.

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.