Hewlett Packard Enterprise Company (NYSE:HPE) had its target price hoisted by Barclays PLC from $17.00 to $18.00 in a report published on Friday morning, MarketBeat reports. The brokerage currently has an underweight rating on the technology company’s stock.

Several other brokerages also recently issued reports on HPE. Stifel Nicolaus restated a hold rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, May 26th. Robert W. Baird restated a hold rating on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Credit Suisse Group restated a buy rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Tuesday, May 23rd. Jefferies Group LLC restated a buy rating and set a $22.00 price objective on shares of Hewlett Packard Enterprise in a research report on Saturday, July 22nd. Finally, Loop Capital began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, August 22nd. They set a hold rating and a $17.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Hewlett Packard Enterprise presently has an average rating of Hold and a consensus price target of $21.55.

Hewlett Packard Enterprise (NYSE HPE) opened at 14.31 on Friday. Hewlett Packard Enterprise has a 12-month low of $13.82 and a 12-month high of $19.16. The firm has a market cap of $23.51 billion, a PE ratio of 10.85 and a beta of 2.72. The firm has a 50-day moving average price of $13.67 and a 200 day moving average price of $13.70.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.065 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 annualized dividend and a yield of 1.82%. Hewlett Packard Enterprise’s dividend payout ratio is currently 20.16%.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 62,652 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $16.71, for a total transaction of $1,046,914.92. Following the sale, the chief executive officer now owns 830,251 shares of the company’s stock, valued at $13,873,494.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Margaret C. Whitman sold 132,192 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the sale, the chief executive officer now directly owns 865,021 shares in the company, valued at approximately $14,454,500.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,963,677 shares of company stock valued at $34,198,508. Company insiders own 0.87% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HPE. BlackRock Inc. grew its stake in shares of Hewlett Packard Enterprise by 2,713.7% during the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after buying an additional 95,915,907 shares during the last quarter. Dodge & Cox grew its stake in shares of Hewlett Packard Enterprise by 12.2% during the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after buying an additional 25,852,541 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Hewlett Packard Enterprise by 32.7% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after buying an additional 16,592,308 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Hewlett Packard Enterprise by 145.3% during the second quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock worth $170,315,000 after buying an additional 6,081,628 shares during the last quarter. Finally, Primecap Management Co. CA grew its stake in shares of Hewlett Packard Enterprise by 9.6% during the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after buying an additional 5,394,147 shares during the last quarter. 80.21% of the stock is currently owned by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

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

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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