Hewlett Packard Enterprise (NYSE:HPE) EVP Sells $493,000.00 in Stock

Hewlett Packard Enterprise (NYSE:HPE) EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $18.21 on Wednesday. The company has a market cap of $23.67 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The stock’s 50 day simple moving average is $18.85 and its two-hundred day simple moving average is $18.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a $0.13 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.86%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Institutional Trading of Hewlett Packard Enterprise

A number of large investors have recently made changes to their positions in HPE. Capital Investment Counsel Inc lifted its position in Hewlett Packard Enterprise by 1.2% during the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock valued at $874,000 after acquiring an additional 500 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 4.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock valued at $231,000 after purchasing an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock worth $2,363,000 after purchasing an additional 536 shares in the last quarter. Bailard Inc. grew its stake in Hewlett Packard Enterprise by 1.7% during the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock worth $748,000 after buying an additional 580 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co increased its position in Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 119,347 shares of the technology company’s stock valued at $2,527,000 after buying an additional 598 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HPE has been the topic of a number of recent research reports. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Loop Capital boosted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $24.00 in a research note on Tuesday. Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Finally, Susquehanna restated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, September 6th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.08.

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.