The Goldman Sachs Group Boosts Hewlett Packard Enterprise (NYSE:HPE) Price Target to $27.00

Hewlett Packard Enterprise (NYSE:HPE) had its price objective boosted by The Goldman Sachs Group from $25.00 to $27.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

HPE has been the topic of a number of other research reports. Bank of America increased their price target on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Zacks Research cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wolfe Research began coverage on Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They set a “peer perform” rating for the company. Raymond James Financial upped their price objective on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.94.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $24.43 on Thursday. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $25.36. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The company has a market cap of $32.23 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.45. The stock has a 50-day moving average price of $22.76 and a 200-day moving average price of $19.30.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a $0.13 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 63.41%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the sale, the director owned 83,869 shares of the company’s stock, valued at $2,061,500.02. This represents a 32.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Antonio F. Neri sold 166,666 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the completion of the sale, the chief executive officer directly owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 543,738 shares of company stock valued at $12,922,932 over the last three months. 0.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently modified their holdings of the stock. TD Waterhouse Canada Inc. increased its position in shares of Hewlett Packard Enterprise by 11.1% during the second quarter. TD Waterhouse Canada Inc. now owns 4,902 shares of the technology company’s stock valued at $100,000 after buying an additional 489 shares during the period. J.W. Cole Advisors Inc. grew its holdings in shares of Hewlett Packard Enterprise by 3.5% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 17,846 shares of the technology company’s stock worth $365,000 after acquiring an additional 600 shares during the period. Benson Investment Management Company Inc. raised its position in shares of Hewlett Packard Enterprise by 0.3% in the 2nd quarter. Benson Investment Management Company Inc. now owns 227,291 shares of the technology company’s stock worth $4,648,000 after acquiring an additional 650 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Hewlett Packard Enterprise by 74.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,611 shares of the technology company’s stock valued at $33,000 after purchasing an additional 687 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 2.3% during the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company’s stock valued at $492,000 after purchasing an additional 699 shares in the last quarter. 80.78% of the stock is 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.