Hewlett Packard Enterprise (NYSE:HPE) CEO Sells $1,643,346.48 in Stock

Hewlett Packard Enterprise (NYSE:HPE) CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hewlett Packard Enterprise Trading Down 1.0 %

Hewlett Packard Enterprise stock opened at $20.14 on Monday. The firm has a 50-day moving average price of $18.56 and a two-hundred day moving average price of $18.68. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The firm has a market capitalization of $26.18 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 3.05 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same period in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently bought and sold shares of HPE. Vanguard Group Inc. lifted its stake in shares of Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after acquiring an additional 5,777,901 shares during the period. Pacer Advisors Inc. raised its holdings in Hewlett Packard Enterprise by 14,953.2% during the second 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. Dimensional Fund Advisors LP lifted its position in Hewlett Packard Enterprise by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company’s stock worth $399,507,000 after purchasing an additional 822,722 shares during the period. Legal & General Group Plc boosted its stake in Hewlett Packard Enterprise by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock valued at $358,602,000 after purchasing an additional 617,691 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Hewlett Packard Enterprise by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company’s stock valued at $200,776,000 after purchasing an additional 237,321 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HPE shares. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Susquehanna reissued a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Evercore ISI boosted their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research note on Wednesday, June 5th. Finally, Citigroup started coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price target on the stock. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.31.

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.