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 firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $21.84 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $28.38 billion, a P/E ratio of 15.94, a PEG ratio of 3.12 and a beta of 1.18. The company has a 50-day moving average price of $18.21 and a 200-day moving average price of $17.10. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share 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 business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the firm earned $0.32 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HPE. Rise Advisors LLC increased its holdings in 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 acquiring an additional 1,051 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Hewlett Packard Enterprise by 180.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,261 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $35,000. American National Bank lifted its stake in shares of Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after buying an additional 920 shares in the last quarter. Finally, Founders Financial Alliance LLC boosted its holdings in Hewlett Packard Enterprise by 52.8% in the 4th quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock worth $42,000 after buying an additional 851 shares during the period. Institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of several recent analyst reports. Sanford C. Bernstein lifted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 5th. Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Friday, June 7th. Barclays increased their price target on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Evercore ISI boosted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, June 5th. Finally, Bank of America increased their target price on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.