Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $19.00

Hewlett Packard Enterprise (NYSE:HPE) had its price target hoisted by Morgan Stanley from $16.00 to $19.00 in a research report released on Monday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

HPE has been the subject of several other reports. Wells Fargo & Company reissued an equal weight rating and issued a $17.00 target price (down from $21.00) on shares of Hewlett Packard Enterprise in a research note on Friday, March 1st. StockNews.com cut shares of Hewlett Packard Enterprise from a buy rating to a hold rating in a research note on Thursday, April 11th. Evercore ISI decreased their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an in-line rating for the company in a research note on Friday, March 1st. Sanford C. Bernstein cut shares of Hewlett Packard Enterprise from an outperform rating to a market perform rating and decreased their target price for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Finally, Barclays decreased their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an equal weight rating for the company in a research note on Friday, March 1st. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $17.91.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $17.03 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. Hewlett Packard Enterprise has a 12-month low of $13.65 and a 12-month high of $20.07. The company has a market capitalization of $22.14 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 3.19 and a beta of 1.21. The firm’s 50 day moving average is $16.81 and its 200-day moving average is $16.41.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $7.09 billion. During the same period last year, the company earned $0.38 earnings per share. The firm’s revenue was down 13.5% compared to the same quarter last year. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a $0.13 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.05%. Hewlett Packard Enterprise’s payout ratio is presently 35.86%.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Institutional investors have recently modified their holdings of the business. Rise Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 253.9% in the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,051 shares during the period. Authentikos Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at about $31,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at about $33,000. Salem Investment Counselors Inc. boosted its position in shares of Hewlett Packard Enterprise by 180.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,261 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $35,000. Institutional investors 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.