Hewlett Packard Enterprise (NYSE:HPE) Upgraded to “Buy” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise (NYSE:HPE) from a hold rating to a buy rating in a report issued on Thursday morning, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has $25.00 target price on the technology company’s stock.

HPE has been the subject of a number of other reports. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Loop Capital increased their price objective 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. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Finally, StockNews.com raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Trading Up 1.5 %

HPE opened at $20.89 on Thursday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.24. The company has a fifty day moving average of $21.11 and a 200-day moving average of $20.11. The stock has a market cap of $27.13 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be paid a $0.13 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.49%. Hewlett Packard Enterprise’s payout ratio is presently 27.37%.

Insider Activity at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction 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 $5,846,696.60. This trade represents a 49.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 717,601 shares of company stock valued at $15,140,976. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise during the third quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. boosted its holdings in Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after buying an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Hewlett Packard Enterprise in the 2nd quarter valued at approximately $28,000. Finally, Financial Management Professionals Inc. raised its holdings in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after acquiring an additional 637 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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.