Hewlett Packard Enterprise (NYSE:HPE) Receives Neutral Rating from Susquehanna

Susquehanna restated their neutral rating on shares of Hewlett Packard Enterprise (NYSE:HPE) in a research report sent to investors on Friday, Benzinga reports. The firm currently has a $20.00 price target on the technology company’s stock.

Several other equities analysts have also recently issued reports on the stock. Morgan Stanley reiterated an equal weight rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Stifel Nicolaus increased their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a buy rating in a research report on Wednesday, June 5th. StockNews.com upgraded Hewlett Packard Enterprise from a hold rating to a buy rating in a research report on Wednesday, June 5th. Evercore ISI increased their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an in-line rating in a report on Wednesday, June 5th. Finally, Sanford C. Bernstein boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a market perform rating in a report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of Hold and an average target price of $21.09.

Hewlett Packard Enterprise Stock Down 0.7 %

Shares of NYSE:HPE opened at $17.53 on Friday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. The stock’s 50-day moving average is $19.38 and its 200 day moving average is $18.46. The company has a market cap of $22.78 billion, a PE ratio of 12.79, a P/E/G ratio of 2.80 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Insiders Place Their Bets

In other news, SVP Kirt P. Karros sold 30,686 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total value of $628,756.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Neil B. Macdonald sold 36,671 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total transaction of $752,122.21. Following the transaction, the executive vice president now owns 111,054 shares in the company, valued at approximately $2,277,717.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kirt P. Karros sold 30,686 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,141 shares of company stock valued at $1,874,608. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $28,000. Hazlett Burt & Watson Inc. increased its stake 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 in the last quarter. Rise Advisors LLC raised its holdings in Hewlett Packard Enterprise by 253.9% during the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,051 shares during the period. ORG Partners LLC lifted its position in shares of Hewlett Packard Enterprise by 224.5% in the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,282 shares in the last quarter. Finally, American National Bank boosted its stake in shares of Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after acquiring an additional 920 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

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.