Insider Selling: Hewlett Packard Enterprise (NYSE:HPE) SVP Sells 30,686 Shares of Stock

Hewlett Packard Enterprise (NYSE:HPE) SVP Kirt P. Karros sold 30,686 shares of the firm’s stock in a transaction that occurred on 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 can be accessed through this link.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $21.60 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $21.90. The stock’s 50-day moving average price is $17.98 and its 200-day moving average price is $16.99. The stock has a market capitalization of $28.07 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 3.14 and a beta of 1.18.

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

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.41%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HPE. Susquehanna boosted their price target on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Sanford C. Bernstein increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Wells Fargo & Company increased their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Finally, Morgan Stanley increased their price target on Hewlett Packard Enterprise from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $20.69.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 10.1% during the first quarter. EverSource Wealth Advisors LLC now owns 6,806 shares of the technology company’s stock valued at $116,000 after acquiring an additional 626 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Hewlett Packard Enterprise by 7.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock valued at $159,000 after purchasing an additional 666 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Hewlett Packard Enterprise by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock valued at $405,000 after purchasing an additional 693 shares in the last quarter. Montgomery Investment Management Inc. boosted its stake in Hewlett Packard Enterprise by 2.9% during the 4th quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock worth $424,000 after purchasing an additional 700 shares during the last quarter. Finally, IMPACTfolio LLC grew its holdings in shares of Hewlett Packard Enterprise by 5.3% during the fourth quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock worth $237,000 after buying an additional 705 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

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.