Hewlett Packard Enterprise’s (HPE) Neutral Rating Reiterated at Susquehanna

Susquehanna restated their neutral rating on shares of Hewlett Packard Enterprise (NYSE:HPE) in a research report sent to investors on Friday morning, Benzinga reports. Susquehanna currently has a $20.00 price target on the technology company’s stock.

HPE has been the subject of a number of other research reports. Bank of America decreased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set a neutral rating for the company in a research note on Thursday, September 5th. Barclays boosted their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an equal weight rating in a research note on Wednesday, June 5th. Morgan Stanley reiterated an equal weight rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. UBS Group upped their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a neutral rating in a research report on Thursday, September 5th. Finally, Evercore ISI boosted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an in-line rating in a research note on Wednesday, June 5th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $20.83.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $17.60 on Friday. The company has a market cap of $22.86 billion, a PE ratio of 12.85, a P/E/G ratio of 2.20 and a beta of 1.19. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a 50-day simple moving average of $19.31 and a 200 day simple moving average of $18.53.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, CEO Gerri Gold sold 22,784 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Large investors have recently added to or reduced their stakes in the company. Rise Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,051 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at $28,000. Johnson Financial Group Inc. bought a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $35,000. Finally, American National Bank boosted its stake in shares of Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after buying an additional 920 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

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.