Analysts Set Hewlett Packard Enterprise (NYSE:HPE) Price Target at $21.08

Hewlett Packard Enterprise (NYSE:HPE) has earned a consensus rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $21.08.

Several research analysts recently commented on HPE shares. Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. Evercore ISI raised their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Stifel Nicolaus raised their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Barclays raised their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th.

Insider Activity

In other news, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the sale, the director now owns 150,948 shares in the company, valued at approximately $2,944,995.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares in the company, valued at approximately $263,575.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the transaction, the director now owns 150,948 shares in the company, valued at approximately $2,944,995.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,464 shares of company stock worth $3,160,866. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Large investors have recently added to or reduced their stakes in the business. Rise Advisors LLC raised its position in Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares during the period. ORG Partners LLC increased its position in shares of Hewlett Packard Enterprise by 224.5% in the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,282 shares during the period. American National Bank increased its position in shares of Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after acquiring an additional 920 shares during the period. Salem Investment Counselors Inc. increased 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. purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Down 0.9 %

Hewlett Packard Enterprise stock opened at $20.48 on Friday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The firm has a 50 day moving average price of $19.95 and a 200-day moving average price of $17.75. The company has a market capitalization of $26.62 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.96 and a beta of 1.19. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. As a group, equities analysts predict that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

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.