Analysts Set Hewlett Packard Enterprise Company (HPE) Price Target at $21.70

Hewlett Packard Enterprise Company (NYSE:HPE) has been given a consensus recommendation of “Hold” by the thirty-one research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $21.52.

Several equities research analysts have issued reports on the stock. Berenberg Bank set a $17.00 target price on shares of Hewlett Packard Enterprise and gave the company a “hold” rating in a research report on Saturday, June 3rd. Tigress Financial assumed coverage on shares of Hewlett Packard Enterprise in a research report on Monday, April 17th. They set a “neutral” rating for the company. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Monday, June 5th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, June 5th. Finally, Barclays PLC dropped their target price on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, May 10th.

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In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 251,268 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $17.40, for a total transaction of $4,372,063.20. Following the transaction, the chief executive officer now directly owns 865,021 shares of the company’s stock, valued at approximately $15,051,365.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Margaret C. Whitman sold 132,192 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the transaction, the chief executive officer now directly owns 865,021 shares in the company, valued at $14,454,500.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,612,328 shares of company stock worth $28,048,424. Insiders own 0.87% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HPE. BlackRock Inc. increased its stake in Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after buying an additional 95,915,907 shares in the last quarter. Dodge & Cox increased its stake in Hewlett Packard Enterprise by 12.2% in the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after buying an additional 25,852,541 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Hewlett Packard Enterprise by 32.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after buying an additional 16,592,308 shares in the last quarter. Victory Capital Management Inc. increased its stake in Hewlett Packard Enterprise by 145.3% in the second quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock worth $170,315,000 after buying an additional 6,081,628 shares in the last quarter. Finally, Primecap Management Co. CA increased its stake in Hewlett Packard Enterprise by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after buying an additional 5,394,147 shares in the last quarter. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hewlett Packard Enterprise (HPE) traded up 1.05% during trading on Friday, reaching $17.30. 5,279,450 shares of the company traded hands. The stock has a market capitalization of $28.42 billion, a PE ratio of 13.12 and a beta of 2.74. Hewlett Packard Enterprise has a 12-month low of $15.46 and a 12-month high of $19.16. The firm’s 50-day moving average is $17.20 and its 200-day moving average is $17.61.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The company had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was down 22.1% on a year-over-year basis. On average, equities analysts predict that Hewlett Packard Enterprise will post $1.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is currently 20.16%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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