Hewlett Packard Enterprise (NYSE:HPE) Rating Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Hewlett Packard Enterprise (NYSE:HPE) from a buy rating to a hold rating in a research note published on Friday.

A number of other research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Stifel Nicolaus upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Susquehanna lowered their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday. 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. Finally, Barclays reduced their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.21.

Hewlett Packard Enterprise Trading Down 11.9 %

Shares of Hewlett Packard Enterprise stock opened at $15.82 on Friday. Hewlett Packard Enterprise has a 52-week low of $14.93 and a 52-week high of $24.66. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company’s 50-day simple moving average is $21.47 and its 200-day simple moving average is $20.71. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the transaction, the director now directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 324,395 shares of company stock valued at $7,121,896. Company insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of large investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $27,528,000. Brooklyn FI LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $5,182,000. Jefferies Financial Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $249,000. B. Riley Wealth Advisors Inc. increased its position in shares of Hewlett Packard Enterprise by 34.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 57,274 shares of the technology company’s stock worth $1,229,000 after acquiring an additional 14,633 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $31,000. 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.