Hewlett Packard Enterprise (NYSE:HPE) CEO Antonio F. Neri Sells 250,000 Shares of Stock

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE traded up $0.15 during mid-day trading on Wednesday, hitting $20.89. The company's stock had a trading volume of 13,597,551 shares, compared to its average volume of 15,758,105. The business's fifty day moving average is $18.89 and its two-hundred day moving average is $18.95. The stock has a market cap of $27.15 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 3.38 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 1 year low of $14.47 and a 1 year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its 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. The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share. Analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 37.96%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup initiated coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a "neutral" rating and a $20.00 price target on the stock. UBS Group upped their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Loop Capital raised their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, September 9th. Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Finally, Susquehanna reiterated a "neutral" rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Hold" and a consensus target price of $21.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 53.4% in the 4th quarter. EP Wealth Advisors LLC now owns 32,810 shares of the technology company's stock valued at $557,000 after purchasing an additional 11,420 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Hewlett Packard Enterprise by 605.2% during the 4th quarter. Fisher Asset Management LLC now owns 3,251 shares of the technology company's stock worth $55,000 after buying an additional 2,790 shares during the period. HighPoint Advisor Group LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $318,000. Nomura Holdings Inc. purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $491,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $90,000. 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.

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