Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $19.00 at Wells Fargo & Company

Hewlett Packard Enterprise (NYSE:HPE) had its price target raised by Wells Fargo & Company from $17.00 to $19.00 in a report released on Wednesday, Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Several other equities analysts also recently weighed in on HPE. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an outperform rating to a market perform rating and lowered their target price for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. Barclays lowered their price objective on Hewlett Packard Enterprise from $15.00 to $14.00 and set an equal weight rating on the stock in a research report on Friday, March 1st. Stifel Nicolaus lowered their price objective on Hewlett Packard Enterprise from $20.00 to $18.00 and set a buy rating on the stock in a research report on Friday, March 1st. StockNews.com downgraded Hewlett Packard Enterprise from a buy rating to a hold rating in a research report on Thursday, April 11th. Finally, Evercore ISI lowered their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an in-line rating on the stock in a research report on Friday, March 1st. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $17.91.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $17.03 on Wednesday. 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 company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. The business’s fifty day moving average is $16.81 and its 200 day moving average is $16.41. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week 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 for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. Hewlett Packard Enterprise’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share. Sell-side analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Hewlett Packard Enterprise by 1.2% in the first quarter. Vanguard Group Inc. now owns 152,566,180 shares of the technology company’s stock worth $2,549,380,000 after purchasing an additional 1,824,331 shares during the last quarter. State Street Corp increased its holdings in shares of Hewlett Packard Enterprise by 2.9% in the first quarter. State Street Corp now owns 70,328,694 shares of the technology company’s stock worth $1,183,418,000 after purchasing an additional 1,959,250 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 0.9% in the first quarter. Geode Capital Management LLC now owns 27,039,043 shares of the technology company’s stock worth $430,081,000 after purchasing an additional 238,050 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Hewlett Packard Enterprise by 2.7% during the fourth quarter. Nuveen Asset Management LLC now owns 21,843,455 shares of the technology company’s stock worth $371,553,000 after acquiring an additional 577,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Hewlett Packard Enterprise by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,733,959 shares of the technology company’s stock worth $301,151,000 after acquiring an additional 695,038 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

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.