Loop Capital Cuts Hewlett Packard Enterprise (NYSE:HPE) Price Target to $16.00

Hewlett Packard Enterprise (NYSE:HPE) had its target price cut by Loop Capital from $24.00 to $16.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a hold rating on the technology company’s stock.

HPE has been the topic of several other reports. Susquehanna lowered their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Barclays lowered their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Stifel Nicolaus boosted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $15.07 on Monday. The firm has a market cap of $19.79 billion, a PE ratio of 7.93, a PEG ratio of 2.03 and a beta of 1.20. The stock’s fifty day moving average price is $21.09 and its two-hundred day moving average price is $20.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 1 year low of $14.85 and a 1 year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.45%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently modified their holdings of HPE. RPg Family Wealth Advisory LLC purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth about $25,000. Putney Financial Group LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at about $26,000. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at about $28,000. Finally, Ameriflex Group Inc. purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at about $31,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

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.