Hewlett Packard Enterprise (NYSE:HPE) Given New $21.00 Price Target at Susquehanna

Hewlett Packard Enterprise (NYSE:HPE) had its price objective boosted by Susquehanna from $16.00 to $21.00 in a report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

Several other brokerages also recently commented on HPE. Wells Fargo & Company raised their target price on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, July 3rd. The Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 24th. They set a “neutral” rating and a $22.00 price objective on the stock. Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Bank of America upped their target price on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.87.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $23.18 on Thursday. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a market cap of $30.41 billion, a PE ratio of 28.26, a P/E/G ratio of 2.04 and a beta of 1.43. The business’s 50-day moving average price is $21.16 and its two-hundred day moving average price is $18.39.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 8.99% and a net margin of 3.77%.The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the firm posted $0.42 earnings per share. Hewlett Packard Enterprise’s revenue was up 5.9% compared to the same quarter last year. As a group, research analysts forecast that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio is currently 52.53%.

Insider Activity

In related news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the sale, the executive vice president owned 42,427 shares of the company’s stock, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. Insiders sold 378,590 shares of company stock worth $8,106,833 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $286,000. Algert Global LLC acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $240,000. Baird Financial Group Inc. grew its holdings in Hewlett Packard Enterprise by 58.8% during the fourth quarter. Baird Financial Group Inc. now owns 19,604 shares of the technology company’s stock worth $419,000 after purchasing an additional 7,260 shares during the period. Captrust Financial Advisors increased its position in Hewlett Packard Enterprise by 23.6% during the fourth quarter. Captrust Financial Advisors now owns 115,824 shares of the technology company’s stock worth $2,473,000 after buying an additional 22,089 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $871,000. 80.78% of the stock is owned by 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.