Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $18.00

Hewlett Packard Enterprise (NYSE:HPE) had its price target boosted by Loop Capital from $16.00 to $18.00 in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has a hold rating on the technology company’s stock.

Several other research firms have also weighed in on HPE. Barclays increased their price objective on shares of Hewlett Packard Enterprise from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Raymond James increased their price objective on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, June 4th. Bank of America dropped their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $17.00 to $22.00 in a research note on Tuesday, May 20th. Finally, Daiwa America lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.31.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $18.23 on Monday. 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 firm has a 50-day moving average of $16.43 and a two-hundred day moving average of $18.96. The stock has a market cap of $23.92 billion, a P/E ratio of 9.59, a PEG ratio of 2.03 and a beta of 1.31. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.51 billion. During the same quarter last year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, research analysts expect that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 52.53%.

Insider Activity

In other news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HPE. Putney Financial Group LLC bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new stake in Hewlett Packard Enterprise during the first quarter worth approximately $25,000. Bruce G. Allen Investments LLC boosted its holdings in Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock worth $26,000 after buying an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in Hewlett Packard Enterprise during the first quarter worth approximately $27,000. Finally, Hara Capital LLC bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $28,000. 80.78% of the stock is currently owned by 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.