Hewlett Packard Enterprise (NYSE:HPE) Price Target Raised to $27.00

Hewlett Packard Enterprise (NYSE:HPE) had its price objective increased by The Goldman Sachs Group from $25.00 to $27.00 in a research note released on Thursday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other equities research analysts have also commented on HPE. Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. began coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an “overweight” rating and a $30.00 target price for the company. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Barclays increased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. Finally, Wolfe Research initiated coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.94.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $24.43 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The firm’s 50-day simple moving average is $22.76 and its 200 day simple moving average is $19.30. The stock has a market cap of $32.23 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.55 and a beta of 1.45. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $25.36.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the sale, the director owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the sale, the chief executive officer directly owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 543,738 shares of company stock worth $12,922,932. 0.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors have recently made changes to their positions in the stock. Alpine Bank Wealth Management bought a new position in shares of Hewlett Packard Enterprise in the first quarter worth $25,000. Bruce G. Allen Investments LLC boosted its stake in Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,318 shares during the period. Headlands Technologies LLC purchased a new position in Hewlett Packard Enterprise during the 2nd quarter valued at about $26,000. Zions Bancorporation National Association UT bought a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at about $27,000. Finally, CVA Family Office LLC boosted its position in shares of Hewlett Packard Enterprise by 126.7% in the second quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock valued at $29,000 after acquiring an additional 803 shares during the period. Hedge funds and other institutional investors 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.