Hewlett Packard Enterprise Co (NYSE:HPE) Receives $16.33 Average Target Price from Analysts

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Hewlett Packard Enterprise Co (NYSE:HPE) has earned a consensus recommendation of “Hold” from the seventeen analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $16.33.

Several equities analysts have recently weighed in on HPE shares. Barclays started coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 7th. They issued an “equal weight” rating and a $14.00 price target on the stock. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, May 22nd. Evercore ISI started coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, June 5th. They set an “underperform” rating and a $14.00 target price on the stock. ValuEngine downgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Finally, Maxim Group set a $17.00 target price on shares of Hewlett Packard Enterprise and gave the stock a “hold” rating in a research note on Friday, August 2nd.

In other Hewlett Packard Enterprise news, insider Philip Davis sold 16,412 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $14.33, for a total transaction of $235,183.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Irv Rothman sold 84,629 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $13.85, for a total transaction of $1,172,111.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,129 shares of company stock valued at $1,558,212. Company insiders own 0.56% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 2.0% in the second quarter. Vanguard Group Inc. now owns 111,920,044 shares of the technology company’s stock valued at $1,673,205,000 after purchasing an additional 2,145,947 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Hewlett Packard Enterprise by 7.7% in the second quarter. BlackRock Inc. now owns 98,230,773 shares of the technology company’s stock valued at $1,468,550,000 after purchasing an additional 7,054,145 shares in the last quarter. Boston Partners grew its holdings in shares of Hewlett Packard Enterprise by 197.6% in the first quarter. Boston Partners now owns 28,872,991 shares of the technology company’s stock valued at $445,510,000 after purchasing an additional 19,172,670 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 17,794,119 shares of the technology company’s stock valued at $234,707,000 after purchasing an additional 384,154 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Hewlett Packard Enterprise by 14.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 14,357,266 shares of the technology company’s stock valued at $214,641,000 after purchasing an additional 1,843,800 shares in the last quarter. Institutional investors and hedge funds own 81.42% of the company’s stock.

Shares of NYSE:HPE traded down $0.16 during midday trading on Friday, hitting $12.70. The company’s stock had a trading volume of 9,994,460 shares, compared to its average volume of 9,187,927. The business’s 50 day moving average is $14.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.80 and a current ratio of 0.93. The stock has a market cap of $17.50 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.26 and a beta of 1.58. Hewlett Packard Enterprise has a 12-month low of $12.09 and a 12-month high of $17.59.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The firm had revenue of $7.15 billion for the quarter, compared to the consensus estimate of $7.38 billion. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share. Sell-side analysts forecast that Hewlett Packard Enterprise will post 1.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Tuesday, September 10th. Hewlett Packard Enterprise’s dividend payout ratio is presently 28.85%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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