Hewlett Packard Enterprise Co (NYSE:HPE) insider Antonio F. Neri sold 82,893 shares of the business’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the sale, the insider now directly owns 87,828 shares of the company’s stock, valued at approximately $1,493,076. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Hewlett Packard Enterprise stock opened at $16.92 on Tuesday. The firm has a market capitalization of $25.05 billion, a P/E ratio of 17.63, a PEG ratio of 1.13 and a beta of 1.77. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise Co has a fifty-two week low of $12.81 and a fifty-two week high of $19.48.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.07. The company had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. Hewlett Packard Enterprise’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. sell-side analysts forecast that Hewlett Packard Enterprise Co will post 1.54 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 2.66%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio is currently 46.88%.

HPE has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Monday, May 28th. Pivotal Research cut their price objective on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, June 14th. Nomura initiated coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 28th. They set a “neutral” rating and a $16.00 price objective for the company. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $20.00 to $18.00 in a research report on Tuesday, August 21st. Finally, Oppenheimer set a $20.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research report on Tuesday, August 28th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $17.79.

Institutional investors have recently modified their holdings of the stock. Spectrum Financial Alliance Ltd LLC purchased a new stake in Hewlett Packard Enterprise in the 1st quarter worth $121,000. Cornerstone Wealth Management LLC purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth $525,000. Highlander Capital Management LLC purchased a new stake in Hewlett Packard Enterprise in the 1st quarter worth $148,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Hewlett Packard Enterprise by 16,531.4% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock worth $124,000 after purchasing an additional 8,431 shares in the last quarter. Finally, North Star Investment Management Corp. purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth $150,000. 82.77% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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