Hewlett Packard Enterprise Co. (NYSE:HPE)‘s stock had its “neutral” rating reiterated by Susquehanna in a note issued to investors on Wednesday. They presently have a $20.00 target price on the stock. Susquehanna’s price target suggests a potential downside of 9.01% from the company’s current price.

HPE has been the topic of several other reports. Vetr upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.36 target price on the stock in a research report on Tuesday, October 4th. Oppenheimer Holdings Inc. boosted their price target on shares of Hewlett Packard Enterprise from $21.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, July 14th. FBN Securities restated an “outperform” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, September 8th. Mizuho boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, September 8th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.50.

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

Shares of Hewlett Packard Enterprise (NYSE:HPE) traded up 0.36% during mid-day trading on Wednesday, reaching $22.06. 4,041,441 shares of the company were exchanged. Hewlett Packard Enterprise has a 12 month low of $11.62 and a 12 month high of $23.53. The firm has a 50-day moving average price of $22.21 and a 200 day moving average price of $19.49. The stock has a market capitalization of $36.74 billion and a P/E ratio of 9.20.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The business had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.64 billion. Hewlett Packard Enterprise’s revenue for the quarter was down 3.9% on a year-over-year basis. Equities research analysts anticipate that Hewlett Packard Enterprise will post $1.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 12th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, October 7th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 9.17%.

In other news, EVP Robert Youngjohns sold 8,622 shares of the company’s stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $19.69, for a total value of $169,767.18. Following the completion of the transaction, the executive vice president now owns 18,033 shares in the company, valued at $355,069.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Antonio F. Neri sold 11,781 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $22.68, for a total transaction of $267,193.08. Following the completion of the transaction, the executive vice president now owns 4,936 shares of the company’s stock, valued at approximately $111,948.48. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Hewlett Packard Enterprise during the second quarter valued at $100,000. MCF Advisors LLC boosted its position in Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock valued at $103,000 after buying an additional 2,501 shares during the period. Citizens Financial Group Inc RI boosted its position in Hewlett Packard Enterprise by 22.6% in the first quarter. Citizens Financial Group Inc RI now owns 5,809 shares of the company’s stock valued at $103,000 after buying an additional 1,069 shares during the period. Independent Portfolio Consultants Inc. boosted its position in Hewlett Packard Enterprise by 308.9% in the third quarter. Independent Portfolio Consultants Inc. now owns 6,665 shares of the company’s stock valued at $152,000 after buying an additional 5,035 shares during the period. Finally, Ropes Wealth Advisors LLC boosted its position in Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock valued at $146,000 after buying an additional 195 shares during the period. Institutional investors own 80.51% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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