Hewlett Packard Enterprise (NYSE:HPE) Given New $27.00 Price Target at The Goldman Sachs Group

Hewlett Packard Enterprise (NYSE:HPE) had its price target boosted by The Goldman Sachs Group from $25.00 to $27.00 in a research note released on Thursday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the technology company’s stock.

Several other equities research analysts have also recently issued reports on HPE. Wall Street Zen upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Barclays raised their price objective on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. Wells Fargo & Company raised their price objective on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, September 4th. Susquehanna raised their price objective on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. Finally, Raymond James Financial raised their price objective on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.94.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $24.49 on Thursday. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $25.36. The stock has a fifty day moving average of $22.68 and a two-hundred day moving average of $19.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The company has a market capitalization of $32.32 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 2.60 and a beta of 1.45.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 18th will be issued a $0.13 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.1%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 63.41%.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction 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 approximately $43,217,231.20. This trade represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the transaction, the director owned 83,869 shares in the company, valued at $2,061,500.02. The trade was a 32.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Hewlett Packard Enterprise by 11.9% during the third quarter. GAMMA Investing LLC now owns 27,795 shares of the technology company’s stock worth $683,000 after purchasing an additional 2,960 shares in the last quarter. Capital Asset Advisory Services LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $224,000. Summit Financial Wealth Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 6.1% during the second quarter. Summit Financial Wealth Advisors LLC now owns 12,248 shares of the technology company’s stock worth $250,000 after purchasing an additional 700 shares in the last quarter. GatePass Capital LLC lifted its stake in shares of Hewlett Packard Enterprise by 201.8% during the second quarter. GatePass Capital LLC now owns 41,200 shares of the technology company’s stock worth $843,000 after purchasing an additional 27,550 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of Hewlett Packard Enterprise by 54.7% during the second quarter. Orion Porfolio Solutions LLC now owns 17,063 shares of the technology company’s stock worth $349,000 after purchasing an additional 6,035 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

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.