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.

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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.

Hewlett Packard Enterprise declared that its board has authorized a share repurchase program on Thursday, February 22nd that permits the company to buyback $5.50 billion in outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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).

Insider Buying and Selling by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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