Hewlett Packard Enterprise (NYSE:HPE) Price Target Increased to $22.00 by Analysts at Evercore ISI

Hewlett Packard Enterprise (NYSE:HPEFree Report) had its price objective raised by Evercore ISI from $18.00 to $22.00 in a research note released on Wednesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the technology company’s stock.

Several other analysts also recently weighed in on HPE. Bank of America lifted their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company a neutral rating in a research note on Wednesday. Barclays cut their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an equal weight rating on the stock in a research note on Friday, March 1st. Stifel Nicolaus cut their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a buy rating on the stock in a research note on Friday, March 1st. Wells Fargo & Company lifted their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an equal weight rating in a research report on Wednesday. Finally, Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $19.00 to $21.00 and gave the company an equal weight rating in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $20.25.

Check Out Our Latest Stock Analysis on HPE

Hewlett Packard Enterprise Trading Up 10.7 %

Shares of NYSE HPE opened at $19.49 on Wednesday. The company has a market cap of $25.33 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 3.32 and a beta of 1.18. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $20.43. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $17.59 and its 200 day simple moving average is $16.75.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. Equities research analysts expect that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, June 19th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 35.86%.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 18,323 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at $263,575.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HPE. Vanguard Group Inc. raised its position in Hewlett Packard Enterprise by 3.7% during the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after buying an additional 5,777,901 shares during the period. Epoch Investment Partners Inc. acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at $51,384,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Hewlett Packard Enterprise during the first quarter valued at $51,938,000. Norges Bank acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at $48,291,000. Finally, Natixis raised its position in Hewlett Packard Enterprise by 10,345.0% during the first quarter. Natixis now owns 1,789,965 shares of the technology company’s stock valued at $31,736,000 after buying an additional 1,772,828 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

About Hewlett Packard Enterprise

(Get Free Report)

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.

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