Hewlett Packard Enterprise Co. (NYSE:HPE) had its price target boosted by Deutsche Bank AG from $24.00 to $26.00 in a report released on Wednesday. The brokerage currently has a buy rating on the stock.

Several other research analysts have also weighed in on HPE. Vetr lowered Hewlett Packard Enterprise from a buy rating to a hold rating and set a $23.99 price target on the stock. in a research report on Monday, November 7th. Wells Fargo & Co. lowered Hewlett Packard Enterprise from an outperform rating to a market perform rating in a research report on Thursday, September 8th. Mizuho boosted their price target on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock a neutral rating in a research report on Wednesday. Oppenheimer Holdings Inc. set a $25.00 price target on Hewlett Packard Enterprise and gave the stock a buy rating in a research report on Tuesday. Finally, Barclays PLC boosted their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock an underweight rating in a research report on Thursday, September 8th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $22.80.

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

Hewlett Packard Enterprise (NYSE:HPE) traded up 2.97% during midday trading on Wednesday, hitting $23.55. The stock had a trading volume of 21,568,880 shares. The firm has a 50-day moving average price of $22.45 and a 200-day moving average price of $20.62. The firm has a market capitalization of $39.22 billion and a price-to-earnings ratio of 9.82. Hewlett Packard Enterprise has a 1-year low of $11.62 and a 1-year high of $23.85.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. Hewlett Packard Enterprise had a return on equity of 10.38% and a net margin of 6.31%. The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.85 billion. During the same quarter last year, the firm earned $0.52 EPS. Hewlett Packard Enterprise’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities research analysts anticipate that Hewlett Packard Enterprise will post $2.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.10%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio is 12.02%.

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 316,164 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $22.84, for a total value of $7,221,185.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael G. Nefkens sold 107,500 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $22.00, for a total value of $2,365,000.00. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of HPE. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth about $100,000. Ledyard National Bank increased its position in Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock valued at $100,000 after buying an additional 36 shares during the period. MCF Advisors LLC increased 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. Kernodle & Katon Asset Management Group LLC bought a new position in Hewlett Packard Enterprise during the third quarter valued at approximately $103,000. Finally, Bronfman E.L. Rothschild L.P. increased its position in Hewlett Packard Enterprise by 10.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,739 shares of the company’s stock valued at $108,000 after buying an additional 441 shares during the period. Institutional investors and hedge funds own 79.61% of the company’s stock.

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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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