Hewlett Packard Enterprise (NYSE:HPE) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Hewlett Packard Enterprise (NYSE:HPE) from a strong-buy rating to a buy rating in a report released on Thursday.

Other equities analysts have also recently issued reports about the company. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Barclays upped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Susquehanna reissued a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Finally, Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Stock Down 0.1 %

Shares of NYSE:HPE opened at $21.35 on Thursday. The firm has a fifty day moving average price of $22.05 and a two-hundred day moving average price of $20.45. The company has a market cap of $28.08 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is 27.37%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the transaction, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. This represents a 11.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the sale, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock valued at $7,300,629 over the last three months. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HPE. RPg Family Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $26,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. Financial Management Professionals Inc. grew its stake in Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares during the period. Finally, Tandem Financial LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter worth $32,000. 80.78% of the stock is 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.