Hewlett Packard Enterprise (NYSE:HPE) SVP Thomas E. Black, Jr. Sells 16,512 Shares of Stock

Hewlett Packard Enterprise (NYSE:HPE) SVP Thomas E. Black, Jr. sold 16,512 shares of the business’s stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $14.55, for a total value of $240,249.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

HPE stock opened at $13.75 on Wednesday. The stock has a market capitalization of $17.99 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 2.11 and a beta of 1.21. Hewlett Packard Enterprise has a 12-month low of $8.28 and a 12-month high of $16.74. The company has a current ratio of 0.95, a quick ratio of 0.75 and a debt-to-equity ratio of 0.73. The stock’s 50 day simple moving average is $14.64 and its 200 day simple moving average is $15.26.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 1st. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. The business had revenue of $6.90 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Hewlett Packard Enterprise had a return on equity of 8.24% and a net margin of 3.73%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. On average, research analysts predict that Hewlett Packard Enterprise will post 0.83 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 6th. Investors of record on Monday, September 13th will be given a $0.12 dividend. The ex-dividend date is Friday, September 10th. This represents a $0.48 annualized dividend and a yield of 3.49%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 35.56%.

A number of research analysts recently issued reports on HPE shares. Credit Suisse Group boosted their price target on Hewlett Packard Enterprise from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Wednesday, June 2nd. Raymond James lifted their price objective on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, September 3rd. Wells Fargo & Company lifted their price objective on Hewlett Packard Enterprise from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, September 3rd. They noted that the move was a valuation call. Evercore ISI raised Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $16.00 to $20.00 in a research report on Sunday, July 25th. Finally, Loop Capital lifted their price objective on Hewlett Packard Enterprise from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, June 2nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Buy” and an average target price of $16.62.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Eqis Capital Management Inc. raised its stake in Hewlett Packard Enterprise by 4.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 17,444 shares of the technology company’s stock valued at $254,000 after buying an additional 676 shares during the last quarter. Utah Retirement Systems raised its stake in Hewlett Packard Enterprise by 0.3% during the 2nd quarter. Utah Retirement Systems now owns 248,181 shares of the technology company’s stock valued at $3,618,000 after buying an additional 700 shares during the last quarter. ING Groep NV increased its stake in shares of Hewlett Packard Enterprise by 1.0% in the 1st quarter. ING Groep NV now owns 78,412 shares of the technology company’s stock worth $1,234,000 after purchasing an additional 784 shares in the last quarter. Zions Bancorporation N.A. increased its stake in shares of Hewlett Packard Enterprise by 95.8% in the 1st quarter. Zions Bancorporation N.A. now owns 1,723 shares of the technology company’s stock worth $27,000 after purchasing an additional 843 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 163,619 shares of the technology company’s stock worth $2,386,000 after purchasing an additional 888 shares in the last quarter. Institutional investors and hedge funds own 82.02% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Co engages in the provision of information technology, technology and enterprise products, solutions and services. It operates through the following segments: Hybrid IT, Intelligent Edge, Financial Services and Corporate Investments. The Hybrid IT segment provides a portfolio of services-led and software-enabled infrastructure and solutions.

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