Hewlett Packard Enterprise (NYSE:HPE) Price Target Lowered to $15.00 at Susquehanna

Hewlett Packard Enterprise (NYSE:HPE) had its target price decreased by Susquehanna from $20.00 to $15.00 in a research note issued to investors on Friday,Benzinga reports. Susquehanna currently has a neutral rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on the stock. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Barclays decreased their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday. Bank of America dropped their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.21.

Hewlett Packard Enterprise Trading Down 11.9 %

Shares of NYSE:HPE opened at $15.82 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12-month low of $14.93 and a 12-month high of $24.66. The business has a 50 day moving average of $21.47 and a two-hundred day moving average of $20.73. The company has a market capitalization of $20.77 billion, a PE ratio of 8.32, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.29%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the 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 completion of the sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HPE. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth about $27,528,000. Brooklyn FI LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $5,182,000. Jefferies Financial Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $249,000. B. Riley Wealth Advisors Inc. lifted its holdings in Hewlett Packard Enterprise by 34.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 57,274 shares of the technology company’s stock valued at $1,229,000 after acquiring an additional 14,633 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

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.