Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $21.34 and traded as low as $21.18. Hewlett Packard Enterprise shares last traded at $21.35, with a volume of 7,317,322 shares changing hands.
A number of equities research analysts recently commented on the stock. Loop Capital raised their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and upped their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Finally, StockNews.com raised shares of Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research note on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $24.00.
Read Our Latest Stock Analysis on HPE
The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The stock has a 50-day moving average price of $21.34 and a 200-day moving average price of $20.22. The company has a market capitalization of $27.73 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 2.02 and a beta of 1.21.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.44%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 27.37%.
In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the company's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the transaction, the chief executive officer now directly owns 1,508,641 shares of the company's stock, valued at $31,274,127.93. This represents a 14.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares of the company's stock, valued at $163,191. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 578,359 shares of company stock worth $12,380,028 over the last ninety days. Insiders own 0.40% of the company's stock.
A number of hedge funds have recently bought and sold shares of HPE. Pacer Advisors Inc. grew its position in shares of Hewlett Packard Enterprise by 14,953.2% during the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock worth $490,925,000 after purchasing an additional 23,035,594 shares in the last quarter. Marshall Wace LLP grew its position in Hewlett Packard Enterprise by 3,228.2% during the second quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company's stock worth $186,831,000 after buying an additional 8,560,086 shares in the last quarter. Eagle Asset Management Inc. increased its stake in Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock worth $127,571,000 after acquiring an additional 5,629,006 shares during the period. Mizuho Markets Americas LLC acquired a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $105,185,000. Finally, Raymond James & Associates lifted its position in shares of Hewlett Packard Enterprise by 92.5% during the 3rd quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company's stock valued at $90,116,000 after acquiring an additional 2,116,824 shares during the period. 80.78% of the stock is owned by institutional investors.
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.
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