Susquehanna set a $20.00 target price on Hewlett Packard Enterprise Co. (NYSE:HPE) in a research note issued to investors on Thursday. The firm currently has a hold rating on the stock.

Other analysts also recently issued research reports about the company. Barclays PLC boosted their price objective on Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock an underweight rating in a report on Wednesday, November 23rd. Vetr downgraded Hewlett Packard Enterprise from a strong-buy rating to a buy rating and set a $24.02 price objective on the stock. in a report on Wednesday, August 17th. Deutsche Bank AG boosted their price objective on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a buy rating in a report on Thursday, September 8th. Jefferies Group cut their price objective on Hewlett Packard Enterprise from $29.00 to $27.00 and set a buy rating on the stock in a report on Friday, November 25th. Finally, Oppenheimer Holdings Inc. set a $25.00 price objective on Hewlett Packard Enterprise and gave the stock a buy rating in a report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $22.83.

Hewlett Packard Enterprise (NYSE:HPE) opened at 23.74 on Thursday. Hewlett Packard Enterprise has a 12-month low of $11.62 and a 12-month high of $23.90. The firm’s 50-day moving average is $22.48 and its 200 day moving average is $20.79. The stock has a market capitalization of $39.54 billion and a P/E ratio of 9.90.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.61. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The company earned $12.50 billion during the quarter, compared to the consensus estimate of $12.85 billion. During the same period in the prior year, the company earned $0.52 EPS. Hewlett Packard Enterprise’s revenue was down 7.2% on a year-over-year basis. Equities research analysts anticipate that Hewlett Packard Enterprise will post $2.06 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be given a $0.065 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Monday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 12.02%.

In related news, CFO Timothy C. Stonesifer sold 101,610 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $22.01, for a total value of $2,236,436.10. Following the completion of the transaction, the chief financial officer now directly owns 101,610 shares of the company’s stock, valued at $2,236,436.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael G. Nefkens sold 107,500 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $22.00, for a total value of $2,365,000.00. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC boosted its position in shares of Hewlett Packard Enterprise by 8.6% in the second quarter. Fisher Asset Management LLC now owns 11,213 shares of the company’s stock valued at $217,000 after buying an additional 886 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Hewlett Packard Enterprise by 315.5% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 18,697 shares of the company’s stock valued at $342,000 after buying an additional 14,197 shares during the period. Alpha Windward LLC boosted its position in shares of Hewlett Packard Enterprise by 388.1% in the second quarter. Alpha Windward LLC now owns 20,274 shares of the company’s stock valued at $370,000 after buying an additional 16,120 shares during the period. Exxonmobil Investment Management Inc. TX boosted its position in shares of Hewlett Packard Enterprise by 2.9% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 430,135 shares of the company’s stock valued at $7,859,000 after buying an additional 12,194 shares during the period. Finally, British Columbia Investment Management Corp boosted its position in shares of Hewlett Packard Enterprise by 35.8% in the second quarter. British Columbia Investment Management Corp now owns 1,057,253 shares of the company’s stock valued at $19,316,000 after buying an additional 278,701 shares during the period. 78.37% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

5 Day Chart for NYSE:HPE

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