Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) EVP Fidelma Russo sold 55,908 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $19.99, for a total transaction of $1,117,600.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Hewlett Packard Enterprise Stock Up 2.8 %
Shares of NYSE:HPE opened at $20.51 on Thursday. The stock has a fifty day simple moving average of $18.55 and a two-hundred day simple moving average of $18.73. The stock has a market capitalization of $26.66 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 3.05 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate 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 company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. Hewlett Packard Enterprise's revenue was up 10.1% compared to the same quarter last year. On average, research analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Dividend Announcement
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a $0.13 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.54%. Hewlett Packard Enterprise's payout ratio is 37.96%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Loop Capital raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, September 9th. Sanford C. Bernstein lifted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, June 5th. Morgan Stanley restated an "equal weight" rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a "neutral" rating and a $20.00 target price on the stock. Finally, Argus raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $26.00 target price for the company in a research note on Friday, June 7th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $21.31.
Get Our Latest Analysis on Hewlett Packard Enterprise
Hedge Funds Weigh In On Hewlett Packard Enterprise
Several large investors have recently made changes to their positions in the business. Pacer Advisors Inc. raised its position 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 valued at $490,925,000 after purchasing an additional 23,035,594 shares during the period. Marshall Wace LLP grew its stake in shares of Hewlett Packard Enterprise by 3,228.2% during the second quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company's stock valued at $186,831,000 after buying an additional 8,560,086 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hewlett Packard Enterprise by 3.7% during the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company's stock valued at $2,869,655,000 after buying an additional 5,777,901 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of Hewlett Packard Enterprise by 336.7% during the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company's stock valued at $90,387,000 after buying an additional 3,291,880 shares during the last quarter. Finally, Epoch Investment Partners Inc. bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $51,384,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.
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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