Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $23.00

Hewlett Packard Enterprise (NYSE:HPE) had its target price boosted by UBS Group from $18.00 to $23.00 in a research report released on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the technology company’s stock.

HPE has been the topic of a number of other reports. Raymond James Financial lifted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a “strong-buy” rating in a research report on Wednesday, June 4th. KeyCorp assumed coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research report on Friday, July 25th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Bank of America raised their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus price target of $24.87.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $23.53 on Thursday. The firm’s fifty day moving average price is $21.26 and its 200 day moving average price is $18.38. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The firm has a market cap of $30.88 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 2.10 and a beta of 1.43.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is 63.41%.

Insider Buying and Selling

In related news, EVP Phil Mottram sold 30,000 shares of the business’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. The trade was a 41.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $24.04, for a total transaction of $2,003,349.36. Following the completion of the sale, the chief executive officer owned 1,752,392 shares in the company, valued at $42,127,503.68. This represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 461,924 shares of company stock worth $10,110,183 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Institutional investors and hedge funds have recently made changes to their positions in the business. Putney Financial Group LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth about $25,000. Bruce G. Allen Investments LLC raised its stake in Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,318 shares during the last quarter. Headlands Technologies LLC acquired a new position in Hewlett Packard Enterprise in the 2nd quarter valued at about $26,000. Finally, Zions Bancorporation National Association UT acquired a new position in Hewlett Packard Enterprise in the 1st quarter valued at about $27,000. 80.78% of the stock is currently owned by hedge funds and other 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.