Hewlett Packard Enterprise (NYSE:HPE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Hewlett Packard Enterprise (NYSE:HPE) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $20.60.

A number of research analysts recently issued reports on the stock. Morgan Stanley cut shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a research report on Tuesday, April 8th. 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. Barclays reduced their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Daiwa America downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th.

Hewlett Packard Enterprise Price Performance

HPE opened at $16.84 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The stock has a fifty day simple moving average of $15.54 and a two-hundred day simple moving average of $19.45. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of institutional investors have recently bought and sold shares of HPE. Putney Financial Group LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $25,000. Alpine Bank Wealth Management purchased a new stake in Hewlett Packard Enterprise in the 1st quarter worth approximately $25,000. Bruce G. Allen Investments LLC raised its stake in Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,318 shares during the period. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. Finally, Ameriflex Group Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $31,000. 80.78% of the stock is owned by institutional investors.

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.