Maxim Group Analysts Give Hewlett Packard Enterprise (NYSE:HPE) a $17.00 Price Target

Maxim Group set a $17.00 target price on Hewlett Packard Enterprise (NYSE:HPE) in a research note published on Friday morning, TipRanks reports. The firm currently has a hold rating on the technology company’s stock.

Several other equities analysts have also recently commented on the stock. Credit Suisse Group started coverage on shares of Hewlett Packard Enterprise in a report on Thursday, April 11th. They set an underperform rating and a $14.00 price target on the stock. Longbow Research started coverage on shares of Hewlett Packard Enterprise in a report on Friday, June 21st. They set a neutral rating and a $15.00 price target on the stock. Nomura lowered their price target on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a neutral rating on the stock in a report on Friday, May 24th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a hold rating to a buy rating and set a $17.00 price target on the stock in a report on Wednesday, May 22nd. Finally, ValuEngine cut shares of Hewlett Packard Enterprise from a sell rating to a strong sell rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Hewlett Packard Enterprise has an average rating of Hold and a consensus target price of $16.50.

NYSE HPE traded up $0.17 on Friday, hitting $13.08. 7,265,855 shares of the stock were exchanged, compared to its average volume of 8,475,823. Hewlett Packard Enterprise has a 52-week low of $12.09 and a 52-week high of $17.59. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.93 and a quick ratio of 0.80. The company has a market cap of $17.46 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.58. The business’s 50-day moving average price is $14.70.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The business had revenue of $7.15 billion for the quarter, compared to analysts’ expectations of $7.38 billion. During the same period in the previous year, the company posted $0.34 EPS. Hewlett Packard Enterprise’s revenue was down 4.3% on a year-over-year basis. Equities analysts forecast that Hewlett Packard Enterprise will post 1.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be paid a $0.112 dividend. This represents a $0.45 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Tuesday, September 10th. Hewlett Packard Enterprise’s payout ratio is presently 28.85%.

In other Hewlett Packard Enterprise news, insider Philip Davis sold 10,088 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $14.96, for a total transaction of $150,916.48. Following the completion of the transaction, the insider now owns 15,423 shares of the company’s stock, valued at approximately $230,728.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Irv Rothman sold 84,629 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $13.85, for a total transaction of $1,172,111.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,129 shares of company stock valued at $1,558,212. 0.56% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of Hewlett Packard Enterprise by 2.6% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 24,146 shares of the technology company’s stock valued at $373,000 after buying an additional 621 shares during the last quarter. Private Ocean LLC raised its position in shares of Hewlett Packard Enterprise by 34.9% during the first quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock valued at $40,000 after buying an additional 668 shares during the last quarter. Keybank National Association OH raised its position in shares of Hewlett Packard Enterprise by 1.1% during the second quarter. Keybank National Association OH now owns 68,230 shares of the technology company’s stock valued at $1,020,000 after buying an additional 710 shares during the last quarter. Signaturefd LLC raised its position in shares of Hewlett Packard Enterprise by 7.2% during the first quarter. Signaturefd LLC now owns 12,353 shares of the technology company’s stock valued at $191,000 after buying an additional 834 shares during the last quarter. Finally, Boston Private Wealth LLC raised its position in shares of Hewlett Packard Enterprise by 1.5% during the second quarter. Boston Private Wealth LLC now owns 64,429 shares of the technology company’s stock valued at $963,000 after buying an additional 943 shares during the last quarter. 81.55% of the stock is owned by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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