Hewlett Packard Enterprise (NYSE:HPE) Price Target Increased to $19.00 by Analysts at Morgan Stanley

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

Other equities analysts have also recently issued research reports about the company. Barclays lowered their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an equal weight rating for the company in a report on Friday, March 1st. Wells Fargo & Company reiterated an equal weight rating and issued a $17.00 price objective (down previously from $21.00) on shares of Hewlett Packard Enterprise in a report on Friday, March 1st. Stifel Nicolaus reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a buy rating on the stock in a report on Friday, March 1st. StockNews.com downgraded shares of Hewlett Packard Enterprise from a buy rating to a hold rating in a research note on Thursday, April 11th. Finally, Sanford C. Bernstein cut Hewlett Packard Enterprise from an outperform rating to a market perform rating and decreased their price target for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $17.73.

Hewlett Packard Enterprise Trading Down 0.9 %

Shares of Hewlett Packard Enterprise stock opened at $17.26 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. The company has a market capitalization of $22.43 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 3.22 and a beta of 1.21. The firm’s 50-day moving average price is $16.74 and its two-hundred day moving average price is $16.41. Hewlett Packard Enterprise has a 12-month low of $13.65 and a 12-month high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results 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 return on equity of 9.12% and a net margin of 6.81%. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter in the previous year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. On average, analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.01%. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 253.9% during the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after buying an additional 1,051 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $31,000. Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth $33,000. Salem Investment Counselors Inc. grew its stake in Hewlett Packard Enterprise by 180.1% during 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 in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at $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.