Sanford C. Bernstein reissued their outperform rating on shares of Hewlett Packard Enterprise Co. (NYSE:HPE) in a research report released on Friday. Sanford C. Bernstein currently has a $24.50 price target on the stock.

Other research analysts have also recently issued research reports about the company. Needham & Company LLC reaffirmed a buy rating and issued a $24.00 price target (up previously from $22.00) on shares of Hewlett Packard Enterprise in a report on Thursday, September 8th. Jefferies Group reissued a buy rating and set a $24.25 target price on shares of Hewlett Packard Enterprise in a research note on Monday, August 15th. Vetr downgraded shares of Hewlett Packard Enterprise from a strong-buy rating to a buy rating and set a $24.02 target price on the stock. in a research note on Wednesday, August 17th. Deutsche Bank AG boosted their target price on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a buy rating in a research note on Thursday, September 8th. Finally, Oppenheimer Holdings Inc. set a $25.00 target price on shares of Hewlett Packard Enterprise and gave the company a buy rating in a research note on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $22.83.

Hewlett Packard Enterprise (NYSE:HPE) opened at 23.80 on Friday. The firm has a 50-day moving average price of $22.52 and a 200 day moving average price of $20.85. Hewlett Packard Enterprise has a 52-week low of $11.62 and a 52-week high of $23.90. The stock has a market capitalization of $39.65 billion and a price-to-earnings ratio of 13.08.

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

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.09%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s dividend payout ratio is currently 12.02%.

In other news, CFO Timothy C. Stonesifer sold 101,610 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $22.01, for a total transaction of $2,236,436.10. Following the completion of the transaction, the chief financial officer now 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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP John F. Schultz sold 12,555 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $23.46, for a total transaction of $294,540.30. Following the transaction, the executive vice president now directly owns 79,447 shares of the company’s stock, valued at approximately $1,863,826.62. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Schroder Investment Management Group raised its position in Hewlett Packard Enterprise by 8.7% in the second quarter. Schroder Investment Management Group now owns 15,209,591 shares of the company’s stock valued at $277,880,000 after buying an additional 1,219,364 shares during the period. Hanlon Investment Management Inc. raised its position in Hewlett Packard Enterprise by 19.2% in the second quarter. Hanlon Investment Management Inc. now owns 276,636 shares of the company’s stock valued at $5,054,000 after buying an additional 44,500 shares during the period. Bank of Montreal Can acquired a new position in Hewlett Packard Enterprise during the second quarter valued at about $37,854,000. California State Teachers Retirement System raised its position in Hewlett Packard Enterprise by 0.4% in the second quarter. California State Teachers Retirement System now owns 3,767,029 shares of the company’s stock valued at $68,824,000 after buying an additional 16,865 shares during the period. Finally, Whitebox Advisors LLC acquired a new position in Hewlett Packard Enterprise during the second quarter valued at about $16,979,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

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).

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