Hewlett Packard Enterprise Company (NYSE:HPE) had its target price lowered by Deutsche Bank AG from $20.00 to $16.00 in a research note issued to investors on Wednesday. The firm currently has a buy rating on the technology company’s stock.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Hewlett Packard Enterprise from a strong sell rating to a hold rating in a research report on Monday, June 5th. Royal Bank Of Canada reduced their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a sector perform rating for the company in a research report on Wednesday. Maxim Group reissued a hold rating and set a $14.00 price objective (down previously from $18.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday. Robert W. Baird reissued a hold rating on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Finally, BMO Capital Markets reissued a market perform rating and set a $15.00 price objective (down previously from $18.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Hewlett Packard Enterprise presently has a consensus rating of Hold and a consensus target price of $19.03.

Hewlett Packard Enterprise (NYSE:HPE) opened at 13.12 on Wednesday. The company’s 50-day moving average price is $13.68 and its 200 day moving average price is $13.68. The stock has a market capitalization of $21.55 billion, a P/E ratio of 9.95 and a beta of 2.72. Hewlett Packard Enterprise has a 52-week low of $11.99 and a 52-week high of $14.86.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. Hewlett Packard Enterprise’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. On average, equities research analysts anticipate that Hewlett Packard Enterprise will post $1.39 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a $0.065 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.98%. Hewlett Packard Enterprise’s payout ratio is presently 371.48%.

In other news, EVP Christopher P. Hsu sold 15,333 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $17.67, for a total value of $270,934.11. Following the transaction, the executive vice president now directly owns 15,333 shares in the company, valued at $270,934.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Margaret C. Whitman sold 389,668 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $17.64, for a total value of $6,873,743.52. Following the completion of the transaction, the chief executive officer now owns 962,433 shares in the company, valued at $16,977,318.12. The disclosure for this sale can be found here. Insiders sold 1,963,677 shares of company stock worth $34,198,508 over the last quarter. 0.87% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Achmea Investment Management B.V. increased its stake in shares of Hewlett Packard Enterprise by 7.1% in the second quarter. Achmea Investment Management B.V. now owns 252,431 shares of the technology company’s stock worth $4,184,000 after purchasing an additional 16,740 shares during the period. WFG Advisors LP increased its stake in shares of Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after purchasing an additional 801 shares during the period. Toronto Dominion Bank increased its stake in shares of Hewlett Packard Enterprise by 25.3% in the second quarter. Toronto Dominion Bank now owns 566,943 shares of the technology company’s stock worth $9,404,000 after purchasing an additional 114,500 shares during the period. Oak Associates Ltd. OH increased its stake in shares of Hewlett Packard Enterprise by 4.4% in the second quarter. Oak Associates Ltd. OH now owns 309,726 shares of the technology company’s stock worth $5,138,000 after purchasing an additional 13,000 shares during the period. Finally, Archford Capital Strategies LLC increased its stake in shares of Hewlett Packard Enterprise by 6,858.7% in the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after purchasing an additional 7,476 shares during the period. Institutional investors and hedge funds own 80.21% of the company’s stock.

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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