Hewlett Packard Enterprise (NYSE:HPE) Receives $17.45 Average Price Target from Brokerages

Hewlett Packard Enterprise (NYSE:HPE) has earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.45.

A number of analysts recently weighed in on the stock. Evercore ISI decreased their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a report on Friday, March 1st. Stifel Nicolaus decreased their price target on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Barclays decreased their price target on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Thursday.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $17.94 on Friday. The firm’s 50 day simple moving average is $16.66 and its 200 day simple moving average is $16.41. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $23.32 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 3.36 and a beta of 1.21. Hewlett Packard Enterprise has a 1-year low of $13.65 and a 1-year high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. Hewlett Packard Enterprise’s revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. As a group, analysts expect that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 15th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.86%.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC boosted its position in Hewlett Packard Enterprise by 11.4% during the 1st quarter. Park Avenue Securities LLC now owns 21,840 shares of the technology company’s stock valued at $387,000 after buying an additional 2,228 shares during the period. American National Bank boosted its position in Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares during the period. Banque Cantonale Vaudoise boosted its position in Hewlett Packard Enterprise by 14.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 292,040 shares of the technology company’s stock valued at $5,178,000 after buying an additional 36,048 shares during the period. Czech National Bank boosted its position in Hewlett Packard Enterprise by 1.8% during the 1st quarter. Czech National Bank now owns 228,736 shares of the technology company’s stock valued at $4,055,000 after buying an additional 4,050 shares during the period. Finally, Perpetual Ltd boosted its position in Hewlett Packard Enterprise by 3.2% during the 1st quarter. Perpetual Ltd now owns 42,818 shares of the technology company’s stock valued at $759,000 after buying an additional 1,327 shares during the period. 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.