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 firm’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 value of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hewlett Packard Enterprise Trading Up 3.7 %

NYSE HPE opened at $18.85 on Friday. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The firm has a 50 day simple moving average of $18.74 and a 200-day simple moving average of $18.61. The firm has a market cap of $24.50 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94.

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

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is presently 37.96%.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Securities Inc. purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $57,000. Brown Advisory Inc. lifted its stake in Hewlett Packard Enterprise by 10.3% during the fourth quarter. Brown Advisory Inc. now owns 16,915 shares of the technology company’s stock worth $287,000 after purchasing an additional 1,576 shares during the last quarter. Norges Bank acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $48,291,000. Wells Fargo & Company MN boosted its holdings in Hewlett Packard Enterprise by 4.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,317,516 shares of the technology company’s stock valued at $22,371,000 after purchasing an additional 51,311 shares in the last quarter. Finally, Trexquant Investment LP increased its stake in Hewlett Packard Enterprise by 112.6% in the fourth quarter. Trexquant Investment LP now owns 1,099,127 shares of the technology company’s stock valued at $18,663,000 after purchasing an additional 582,159 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HPE. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the company from $21.00 to $24.00 in a research report on Tuesday. Susquehanna restated a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Wells Fargo & Company increased their price objective on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Finally, Evercore ISI lifted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research report on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $21.08.

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.