Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $26.00

Hewlett Packard Enterprise (NYSE:HPE) had its target price upped by Raymond James from $23.00 to $26.00 in a research report report published on Wednesday,Benzinga reports. They currently have a strong-buy rating on the technology company’s stock.

Several other research analysts have also weighed in on HPE. Susquehanna cut their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Bank of America decreased their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 7th. UBS Group upped their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Company lifted their target price on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Wednesday, March 12th. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average target price of $21.50.

Hewlett Packard Enterprise Trading Up 2.0%

Shares of Hewlett Packard Enterprise stock opened at $18.12 on Wednesday. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The business’s fifty day moving average is $16.18 and its two-hundred day moving average is $19.03. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The firm has a market cap of $23.80 billion, a PE ratio of 9.54, a P/E/G ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 8.56%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same period in the prior year, the firm posted $0.42 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts anticipate that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors have recently added to or reduced their stakes in the company. Putney Financial Group LLC purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $25,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at approximately $28,000. Ameriflex Group Inc. purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $31,000. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $32,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at approximately $25,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.