Shares of Hewlett Packard Enterprise Co (NYSE:HPE) have earned an average rating of “Hold” from the twenty-four analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.07.

Several research analysts have issued reports on the company. Nomura assumed coverage on Hewlett Packard Enterprise in a research report on Thursday, June 28th. They set a “neutral” rating and a $16.00 target price for the company. Maxim Group restated a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, August 29th. BMO Capital Markets dropped their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, August 29th. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $20.00 to $18.00 in a research report on Tuesday, August 21st. Finally, Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Monday, July 16th.

Shares of NYSE:HPE traded up $0.04 during trading hours on Friday, hitting $15.55. 240,892 shares of the company’s stock traded hands, compared to its average volume of 11,521,837. Hewlett Packard Enterprise has a 1 year low of $12.81 and a 1 year high of $19.48. The firm has a market capitalization of $24.00 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.09 and a beta of 1.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.84.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Hewlett Packard Enterprise had a return on equity of 9.38% and a net margin of 10.43%. The business had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the previous year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts expect that Hewlett Packard Enterprise will post 1.54 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be paid a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio is presently 46.88%.

In related news, CFO Timothy C. Stonesifer sold 479,142 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $16.57, for a total value of $7,939,382.94. Following the completion of the transaction, the chief financial officer now owns 637,868 shares of the company’s stock, valued at $10,569,472.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Antonio F. Neri sold 36,556 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $16.50, for a total transaction of $603,174.00. Following the completion of the transaction, the insider now directly owns 170,721 shares of the company’s stock, valued at approximately $2,816,896.50. The disclosure for this sale can be found here. Insiders have sold 685,704 shares of company stock valued at $11,342,061 in the last ninety days. Insiders own 1.18% of the company’s stock.

A number of large investors have recently modified their holdings of HPE. GSA Capital Partners LLP bought a new position in Hewlett Packard Enterprise in the first quarter worth approximately $675,000. Nuveen Asset Management LLC raised its stake in Hewlett Packard Enterprise by 156.6% in the first quarter. Nuveen Asset Management LLC now owns 154,084 shares of the technology company’s stock worth $2,703,000 after buying an additional 94,042 shares in the last quarter. UBS Group AG raised its stake in Hewlett Packard Enterprise by 43.7% in the first quarter. UBS Group AG now owns 1,087,035 shares of the technology company’s stock worth $19,067,000 after buying an additional 330,757 shares in the last quarter. LPL Financial LLC raised its stake in Hewlett Packard Enterprise by 5.0% in the first quarter. LPL Financial LLC now owns 83,694 shares of the technology company’s stock worth $1,468,000 after buying an additional 3,959 shares in the last quarter. Finally, Mariner LLC bought a new position in Hewlett Packard Enterprise in the first quarter worth approximately $399,000. 82.77% of the stock is owned by institutional investors.

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, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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