Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) Director Bethany Mayer sold 6,409 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Hewlett Packard Enterprise Stock Down 6.2 %
HPE opened at $12.50 on Wednesday. The company has a fifty day moving average of $18.07 and a two-hundred day moving average of $20.23. The stock has a market capitalization of $16.42 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.
Hewlett Packard Enterprise Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 4.16%. Hewlett Packard Enterprise's payout ratio is 25.37%.
Hedge Funds Weigh In On Hewlett Packard Enterprise
A number of hedge funds have recently bought and sold shares of HPE. Rhumbline Advisers lifted its position in shares of Hewlett Packard Enterprise by 6.0% during the 1st quarter. Rhumbline Advisers now owns 2,589,557 shares of the technology company's stock valued at $39,957,000 after buying an additional 145,495 shares in the last quarter. IVC Wealth Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at about $176,000. GAMMA Investing LLC grew its position in shares of Hewlett Packard Enterprise by 1,665.6% in the first quarter. GAMMA Investing LLC now owns 274,037 shares of the technology company's stock valued at $42,280,000 after purchasing an additional 258,516 shares during the period. Versant Capital Management Inc raised its position in shares of Hewlett Packard Enterprise by 53.9% during the 1st quarter. Versant Capital Management Inc now owns 7,862 shares of the technology company's stock worth $121,000 after purchasing an additional 2,754 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Hewlett Packard Enterprise by 18.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 5,686 shares of the technology company's stock valued at $88,000 after buying an additional 881 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research note on Wednesday, March 12th. Loop Capital lowered their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Bank of America cut their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Susquehanna dropped their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, Daiwa America lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $20.60.
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About Hewlett Packard Enterprise
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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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