John F. Schultz Sells 262,818 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Hewlett Packard Enterprise (NYSE:HPE) EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $21.83 on Friday. The firm has a 50 day simple moving average of $21.08 and a 200 day simple moving average of $20.03. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.24. The firm has a market capitalization of $28.34 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of 2.64 and a beta of 1.21.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 20.1% in the second quarter. Sequoia Financial Advisors LLC now owns 19,331 shares of the technology company’s stock worth $409,000 after buying an additional 3,230 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Hewlett Packard Enterprise by 4.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 89,948 shares of the technology company’s stock valued at $1,904,000 after purchasing an additional 3,634 shares during the period. ORG Partners LLC boosted its holdings in Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,282 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $350,000. Finally, Fiduciary Financial Group LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth $288,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on HPE shares. Stifel Nicolaus increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 9th. Loop Capital boosted their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. UBS Group increased their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Finally, Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.79.

Hewlett Packard Enterprise Company Profile

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.