Hewlett Packard Enterprise (NYSE:HPE) EVP Neil B. Macdonald Sells 29,000 Shares of Stock

Hewlett Packard Enterprise (NYSE:HPE) EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hewlett Packard Enterprise Trading Up 5.7 %

NYSE:HPE opened at $18.21 on Wednesday. The firm has a market capitalization of $23.67 billion, a P/E ratio of 13.29, a PEG ratio of 1.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company’s 50-day simple moving average is $18.85 and its 200 day simple moving average is $18.61.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results 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 return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same period in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.86%. Hewlett Packard Enterprise’s payout ratio is presently 37.96%.

Analysts Set New Price Targets

A number of research analysts have commented on HPE shares. Evercore ISI upped their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research report on Wednesday, June 5th. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Susquehanna reissued a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Morgan Stanley restated an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Finally, Loop Capital boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $21.08.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Large investors have recently modified their holdings of the stock. Rise Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 253.9% during the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after buying an additional 1,051 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of Hewlett Packard Enterprise by 571.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after buying an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise in the 2nd quarter worth about $28,000. Johnson Financial Group Inc. purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth about $35,000. Finally, American National Bank lifted its stake in 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 acquiring an additional 920 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

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.