Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $30.00

Hewlett Packard Enterprise (NYSE:HPE) had its target price hoisted by Raymond James Financial from $29.00 to $30.00 in a research report released on Thursday morning,Benzinga reports. They currently have a strong-buy rating on the technology company’s stock.

Several other research analysts also recently commented on the company. Wolfe Research began coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Wall Street Zen upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Evercore ISI boosted their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Bank of America boosted their price target on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Finally, Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $22.00 to $28.00 in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.87.

Hewlett Packard Enterprise Stock Up 1.6%

HPE opened at $23.53 on Thursday. The company has a market cap of $30.88 billion, a P/E ratio of 28.70, a P/E/G ratio of 2.10 and a beta of 1.43. The business’s 50-day moving average price is $21.26 and its 200-day moving average price is $18.38. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66.

Hewlett Packard Enterprise Announces Dividend

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

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. This represents a 41.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total value of $3,753,318.32. Following the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at $43,217,231.20. This trade represents a 7.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 461,924 shares of company stock worth $10,110,183. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. grew its holdings in shares of Hewlett Packard Enterprise by 11.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,902 shares of the technology company’s stock worth $100,000 after acquiring an additional 489 shares during the period. Forum Financial Management LP boosted its position in shares of Hewlett Packard Enterprise by 2.2% in the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company’s stock worth $505,000 after purchasing an additional 515 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 3.5% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 17,846 shares of the technology company’s stock worth $365,000 after purchasing an additional 600 shares in the last quarter. Colonial Trust Co SC boosted its position in shares of Hewlett Packard Enterprise by 16.4% in the 4th quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company’s stock worth $94,000 after purchasing an additional 622 shares in the last quarter. Finally, Benson Investment Management Company Inc. boosted its position in shares of Hewlett Packard Enterprise by 0.3% in the 2nd quarter. Benson Investment Management Company Inc. now owns 227,291 shares of the technology company’s stock worth $4,648,000 after purchasing an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

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.