Hewlett Packard Enterprise (NYSE:HPE) Cut to “Equal Weight” at Morgan Stanley

Morgan Stanley lowered shares of Hewlett Packard Enterprise (NYSE:HPE) from an overweight rating to an equal weight rating in a research report released on Tuesday morning, MarketBeat Ratings reports. They currently have $14.00 target price on the technology company’s stock.

Several other analysts also recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Susquehanna dropped their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Finally, Daiwa America lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.60.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $13.75 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The company has a market cap of $18.07 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The firm’s 50 day simple moving average is $17.67 and its 200-day simple moving average is $20.12.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at approximately $292,959,000. Norges Bank bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $119,067,000. Slate Path Capital LP grew its stake in shares of Hewlett Packard Enterprise by 44.8% in the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock worth $270,914,000 after acquiring an additional 3,924,039 shares during the last quarter. Northern Trust Corp increased its position in Hewlett Packard Enterprise by 24.7% during the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company’s stock worth $345,534,000 after acquiring an additional 3,208,424 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in Hewlett Packard Enterprise by 1,382.5% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company’s stock valued at $70,447,000 after purchasing an additional 3,077,046 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

About Hewlett Packard Enterprise

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.