Hewlett Packard Enterprise (NYSE:HPE) Stock Price Up 4.6%

Hewlett Packard Enterprise (NYSE:HPE) shares shot up 4.6% on Friday . The stock traded as high as $19.53 and last traded at $19.53. 1,718,106 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 14,836,012 shares. The stock had previously closed at $18.68.

Analyst Ratings Changes

Several analysts recently commented on the stock. Bank of America lifted their target price on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, June 21st. UBS Group boosted their price objective on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. Barclays increased their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Friday, June 7th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $21.08.

Hewlett Packard Enterprise Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. The company has a market cap of $25.14 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 2.76 and a beta of 1.20. The business has a fifty day moving average price of $19.72 and a 200 day moving average price of $18.31.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.32 EPS. As a group, research analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.69%. Hewlett Packard Enterprise’s payout ratio is presently 37.96%.

Insiders Place Their Bets

In other news, CEO Gerri Gold sold 22,784 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the sale, the chief executive officer now directly owns 57,081 shares in the company, valued at $1,236,945.27. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Kirt P. Karros sold 30,686 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. Insiders have sold 140,141 shares of company stock valued at $2,850,108 in the last ninety days. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several large investors have recently bought and sold shares of the stock. Cetera Investment Advisers boosted its stake in shares of Hewlett Packard Enterprise by 30.2% in the 2nd quarter. Cetera Investment Advisers now owns 157,793 shares of the technology company’s stock worth $3,341,000 after buying an additional 36,589 shares during the last quarter. Truist Financial Corp grew its position in Hewlett Packard Enterprise by 16.8% during the second quarter. Truist Financial Corp now owns 390,521 shares of the technology company’s stock valued at $8,267,000 after buying an additional 56,288 shares during the period. Hershey Financial Advisers LLC purchased a new stake in Hewlett Packard Enterprise during the second quarter worth about $684,000. EP Wealth Advisors LLC raised its position in Hewlett Packard Enterprise by 20.3% in the second quarter. EP Wealth Advisors LLC now owns 30,741 shares of the technology company’s stock worth $651,000 after acquiring an additional 5,183 shares during the period. Finally, Quarry LP purchased a new position in Hewlett Packard Enterprise in the second quarter valued at about $59,000. 80.78% of the stock is currently 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.