Hewlett Packard Enterprise (NYSE:HPE) CEO Antonio F. Neri Sells 83,334 Shares

Hewlett Packard Enterprise (NYSE:HPE) CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hewlett Packard Enterprise Trading Down 1.0 %

HPE stock traded down $0.21 during mid-day trading on Friday, reaching $20.15. 10,396,259 shares of the stock traded hands, compared to its average volume of 15,995,072. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The stock’s fifty day moving average is $18.56 and its 200-day moving average is $18.65. The company has a market cap of $26.18 billion, a P/E ratio of 14.80, a P/E/G ratio of 3.05 and a beta of 1.19. 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) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter last year, the business posted $0.35 EPS. The company’s revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter worth approximately $5,854,000. Cetera Investment Advisers boosted its stake in shares of Hewlett Packard Enterprise by 30.2% during the 2nd quarter. Cetera Investment Advisers now owns 157,793 shares of the technology company’s stock valued at $3,341,000 after buying an additional 36,589 shares during the period. Truist Financial Corp grew its holdings in shares of Hewlett Packard Enterprise by 16.8% during the 2nd quarter. Truist Financial Corp now owns 390,521 shares of the technology company’s stock valued at $8,267,000 after acquiring an additional 56,288 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $684,000. Finally, EP Wealth Advisors LLC boosted its position in Hewlett Packard Enterprise by 20.3% during the second quarter. EP Wealth Advisors LLC now owns 30,741 shares of the technology company’s stock valued at $651,000 after purchasing an additional 5,183 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HPE. Sanford C. Bernstein upped their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Argus raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, June 7th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Loop Capital upped their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, September 9th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 6th. Eight equities research analysts have rated the stock with a hold rating and six have issued 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 target price of $21.31.

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.