Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $26.00 at Barclays

Hewlett Packard Enterprise (NYSE:HPE) had its price target upped by Barclays from $24.00 to $26.00 in a research note issued to investors on Thursday,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

A number of other research firms have also recently commented on HPE. Loop Capital raised their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, June 9th. Wells Fargo & Company raised their target price on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 4th. Raymond James Financial lifted their price objective on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a “strong-buy” rating in a research note on Wednesday, June 4th. KeyCorp started coverage on Hewlett Packard Enterprise in a research note on Thursday, June 26th. They set a “sector weight” rating for the company. Finally, Wall Street Zen cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus target price of $21.85.

Hewlett Packard Enterprise Trading Up 0.3%

HPE opened at $21.32 on Thursday. The stock has a market cap of $27.97 billion, a PE ratio of 21.53, a PEG ratio of 3.07 and a beta of 1.35. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $17.81 and a 200-day moving average of $18.62. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. Equities research analysts predict that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 52.53%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the sale, the executive vice president owned 42,427 shares of the company’s stock, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. In the last three months, insiders sold 128,590 shares of company stock valued at $2,436,000. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors and hedge funds have recently modified their holdings of the business. Putney Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth $25,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $28,000. Ameriflex Group Inc. bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $31,000. Alpine Bank Wealth Management bought a new stake in shares of Hewlett Packard Enterprise in the first quarter worth $25,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,318 shares during the period. Institutional investors own 80.78% of the company’s stock.

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.