Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) 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 owns 1,758,641 shares in the company, valued at $34,680,400.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Hewlett Packard Enterprise Trading Down 1.0 %
HPE stock opened at $20.15 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a market cap 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 business has a fifty day simple moving average of $18.56 and a 200-day simple moving average of $18.65. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion during 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 firm's revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, equities research analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current year.
Hewlett Packard Enterprise Announces Dividend
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.58%. Hewlett Packard Enterprise's dividend payout ratio is currently 37.96%.
Analyst Ratings Changes
A number of brokerages have issued reports on HPE. Susquehanna restated a "neutral" rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Sanford C. Bernstein upped their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, June 5th. Morgan Stanley reiterated an "equal weight" rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 5th. Finally, UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $21.31.
Read Our Latest Stock Report on HPE
Institutional Investors Weigh In On Hewlett Packard Enterprise
Large investors have recently made changes to their positions in the business. Capital Investment Counsel Inc lifted its position in shares of 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 worth $874,000 after purchasing an additional 500 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Hewlett Packard Enterprise by 4.8% during the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company's stock valued at $231,000 after buying an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock worth $2,363,000 after buying an additional 536 shares during the last quarter. Bailard Inc. grew its position in shares of Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock worth $748,000 after acquiring an additional 580 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co raised its position in shares of 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 acquiring an additional 598 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.
Hewlett Packard Enterprise Company Profile
(
Get Free Report)
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.
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