Insider Selling: Hewlett Packard Enterprise (HPE) Director Sells 674,000 Shares of Stock
Hewlett Packard Enterprise (NYSE:HPE) Director Margaret C. Whitman sold 674,000 shares of the company’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $18.60, for a total value of $12,536,400.00. Following the completion of the sale, the director now owns 2,167,693 shares in the company, valued at approximately $40,319,089.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Hewlett Packard Enterprise (NYSE HPE) traded down $0.30 during mid-day trading on Friday, reaching $18.02. The company had a trading volume of 4,531,434 shares, compared to its average volume of 12,767,818. Hewlett Packard Enterprise has a fifty-two week low of $12.69 and a fifty-two week high of $19.48. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The firm has a market cap of $29,318.57, a P/E ratio of 19.06, a P/E/G ratio of 1.57 and a beta of 1.82.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. Hewlett Packard Enterprise had a return on equity of 7.40% and a net margin of 4.52%. The business had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the business earned $0.45 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. equities analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 31.91%.
A number of equities research analysts have commented on HPE shares. Deutsche Bank upped their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Maxim Group upped their price target on Hewlett Packard Enterprise from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Pivotal Research reiterated a “hold” rating and issued a $20.00 price target (up previously from $13.00) on shares of Hewlett Packard Enterprise in a research report on Friday, February 23rd. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, February 27th. Finally, Goldman Sachs started coverage on Hewlett Packard Enterprise in a research report on Wednesday, February 7th. They set a “neutral” rating and a $16.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.46.
A number of hedge funds have recently bought and sold shares of the stock. Burke & Herbert Bank & Trust Co. raised its stake in Hewlett Packard Enterprise by 12.3% during the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 30,840 shares of the technology company’s stock worth $443,000 after buying an additional 3,380 shares during the period. Intrust Bank NA raised its stake in shares of Hewlett Packard Enterprise by 25.2% in the fourth quarter. Intrust Bank NA now owns 17,964 shares of the technology company’s stock worth $258,000 after purchasing an additional 3,616 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 1.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 198,411 shares of the technology company’s stock worth $2,849,000 after purchasing an additional 3,711 shares during the last quarter. Greenleaf Trust raised its stake in shares of Hewlett Packard Enterprise by 20.4% in the fourth quarter. Greenleaf Trust now owns 22,635 shares of the technology company’s stock worth $325,000 after purchasing an additional 3,832 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Hewlett Packard Enterprise by 10.3% in the third quarter. Pacer Advisors Inc. now owns 42,380 shares of the technology company’s stock worth $623,000 after purchasing an additional 3,970 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.
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Hewlett Packard Enterprise Company Profile
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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