Gerri Gold Sells 22,784 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Hewlett Packard Enterprise (NYSE:HPE) CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the sale, the chief executive officer now directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $21.84 on Wednesday. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. The company has a 50 day moving average price of $18.13 and a 200 day moving average price of $17.06. The firm has a market capitalization of $28.38 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 3.12 and a beta of 1.18.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the business posted $0.32 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th 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 is Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Analyst Ratings Changes

HPE has been the topic of several recent research reports. Evercore ISI upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a report on Wednesday, June 5th. Morgan Stanley boosted their price objective on shares of Hewlett Packard Enterprise from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Stifel Nicolaus boosted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Finally, Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, June 7th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $20.69.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Large investors have recently made changes to their positions in the business. Raymond James & Associates increased its position in shares of Hewlett Packard Enterprise by 13.2% in the fourth quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock worth $15,841,000 after acquiring an additional 108,971 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Hewlett Packard Enterprise by 17.4% in the fourth quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock valued at $26,534,000 after purchasing an additional 232,150 shares during the period. TCW Group Inc. purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at $348,000. Truist Financial Corp boosted its stake in shares of Hewlett Packard Enterprise by 1.5% in the fourth quarter. Truist Financial Corp now owns 80,501 shares of the technology company’s stock valued at $1,367,000 after purchasing an additional 1,190 shares during the period. Finally, TD Asset Management Inc boosted its stake in shares of Hewlett Packard Enterprise by 49.0% in the fourth quarter. TD Asset Management Inc now owns 799,850 shares of the technology company’s stock valued at $13,581,000 after purchasing an additional 263,182 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

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.