Hewlett Packard Enterprise Company (HPE) CEO Sells $6,873,743.52 in Stock
Hewlett Packard Enterprise Company (NYSE:HPE) CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $17.64, for a total value of $6,873,743.52. Following the transaction, the chief executive officer now owns 962,433 shares of the company’s stock, valued at $16,977,318.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Hewlett Packard Enterprise Company (HPE) traded down 0.85% during trading on Wednesday, hitting $17.60. The stock had a trading volume of 4,915,676 shares. The firm has a 50 day moving average of $17.26 and a 200-day moving average of $17.63. Hewlett Packard Enterprise Company has a one year low of $15.49 and a one year high of $19.16. The company has a market cap of $28.91 billion, a P/E ratio of 13.34 and a beta of 2.74. Hewlett Packard Enterprise also saw some unusual options trading on Tuesday. Traders bought 19,342 call options on the company. This represents an increase of approximately 647% compared to the average volume of 2,590 call options.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $9.90 billion for the quarter, compared to the consensus estimate of $9.75 billion. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The company’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. Equities analysts anticipate that Hewlett Packard Enterprise Company will post $1.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a $0.065 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.48%. Hewlett Packard Enterprise’s dividend payout ratio is presently 20.16%.
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A number of research firms have recently commented on HPE. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, May 26th. Robert W. Baird reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Credit Suisse Group reiterated a “buy” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Tuesday, May 23rd. Barclays PLC lowered their target price on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, May 10th. Finally, Jefferies Group LLC restated a “buy” rating and set a $22.00 price target on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $21.87.
Several large investors have recently bought and sold shares of HPE. YorkBridge Wealth Partners LLC increased its stake in Hewlett Packard Enterprise by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Hewlett Packard Enterprise by 4.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after buying an additional 266 shares in the last quarter. Reilly Financial Advisors LLC increased its stake in Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock valued at $119,000 after buying an additional 250 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at about $125,000. Finally, Harfst & Associates Inc. purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at about $127,000. Hedge funds and other institutional investors own 79.80% of the company’s stock.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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