Morgan Stanley Increases Hewlett Packard Enterprise (NYSE:HPE) Price Target to $22.00

Hewlett Packard Enterprise (NYSE:HPE) had its price target increased by Morgan Stanley from $14.00 to $22.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

A number of other brokerages also recently commented on HPE. Susquehanna cut their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Loop Capital cut their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a report on Monday, March 10th. Wells Fargo & Company reduced their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Daiwa Capital Markets cut Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.13.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $17.70 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The business has a 50 day simple moving average of $15.76 and a 200-day simple moving average of $19.35. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. The stock has a market capitalization of $23.25 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were issued a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 2.94%. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently made changes to their positions in the business. Putney Financial Group LLC purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $25,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $28,000. Ameriflex Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $31,000. Tandem Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $32,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $25,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

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.