Hewlett Packard Enterprise Company (NYSE:HPE) CEO Margaret C. Whitman sold 389,651 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $17.47, for a total value of $6,807,202.97. Following the completion of the sale, the chief executive officer now directly owns 1,157,250 shares in the company, valued at approximately $20,217,157.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hewlett Packard Enterprise Company (HPE) traded up 1.30% during midday trading on Thursday, hitting $17.90. 14,631,164 shares of the stock were exchanged. The firm’s 50-day moving average price is $16.94 and its 200 day moving average price is $17.58. Hewlett Packard Enterprise Company has a 1-year low of $14.76 and a 1-year high of $19.16. The firm has a market capitalization of $29.40 billion, a P/E ratio of 13.57 and a beta of 2.74.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The company had revenue of $9.90 billion during the quarter, compared to the consensus estimate of $9.75 billion. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. Hewlett Packard Enterprise’s revenue for the quarter was down 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. Analysts expect that Hewlett Packard Enterprise Company will post $1.43 earnings per share for the current fiscal year.
The firm 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. This represents a $0.26 annualized dividend and a yield of 1.45%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 20.16%.
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A number of equities analysts recently commented on HPE shares. Credit Suisse Group reiterated a “buy” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. set a $21.00 price target on Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Monday, April 17th. Jefferies Group LLC reduced their price target on Hewlett Packard Enterprise from $27.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, April 4th. CIBC reduced their price target on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, April 6th. Finally, Mizuho reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.99.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock valued at $2,356,975,000 after buying an additional 95,915,907 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in Hewlett Packard Enterprise by 35.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 50,742,312 shares of the technology company’s stock valued at $1,202,593,000 after buying an additional 13,343,212 shares during the period. Primecap Management Co. CA increased its position in Hewlett Packard Enterprise by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock valued at $1,455,116,000 after buying an additional 5,394,147 shares during the period. Jana Partners LLC acquired a new position in Hewlett Packard Enterprise during the first quarter valued at approximately $105,276,000. Finally, Vanguard Group Inc. increased its position in Hewlett Packard Enterprise by 3.9% in the first quarter. Vanguard Group Inc. now owns 109,348,198 shares of the technology company’s stock valued at $2,591,553,000 after buying an additional 4,103,276 shares during the period. 80.87% of the stock is owned by institutional investors.
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).