Neil B. Macdonald Sells 36,671 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Hewlett Packard Enterprise (NYSE:HPE) EVP Neil B. Macdonald sold 36,671 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total transaction of $752,122.21. Following the completion of the transaction, the executive vice president now owns 111,054 shares in the company, valued at approximately $2,277,717.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $21.61 on Friday. 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 firm has a 50 day moving average price of $17.98 and a 200-day moving average price of $16.98. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $21.90. The firm has a market capitalization of $28.08 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 3.01 and a beta of 1.18.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The business had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the business earned $0.32 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, June 19th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Rise Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 253.9% in the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares in the last quarter. American National Bank raised its position in Hewlett Packard Enterprise by 89.4% in the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after buying an additional 920 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in Hewlett Packard Enterprise by 180.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,261 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $35,000. Finally, Founders Financial Alliance LLC grew its stake in shares of Hewlett Packard Enterprise by 52.8% in the fourth quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock worth $42,000 after acquiring an additional 851 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HPE. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. UBS Group upped their target price on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Morgan Stanley lifted their price target on shares of Hewlett Packard Enterprise from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Stifel Nicolaus upped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Sanford C. Bernstein lifted their target price on shares of 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. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.69.

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.