Insider Selling: Hewlett Packard Enterprise (NYSE:HPE) EVP Sells $1,117,600.92 in Stock

Hewlett Packard Enterprise (NYSE:HPE) EVP Fidelma Russo sold 55,908 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $20.62 on Friday. The company has a market cap of $26.80 billion, a P/E ratio of 15.05, a PEG ratio of 3.05 and a beta of 1.19. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $18.59 and a two-hundred day moving average price of $18.77. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. As a group, analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors have recently made changes to their positions in the stock. TD Asset Management Inc raised its stake in Hewlett Packard Enterprise by 49.0% during the 4th quarter. TD Asset Management Inc now owns 799,850 shares of the technology company’s stock worth $13,581,000 after buying an additional 263,182 shares during the period. Stifel Financial Corp lifted its holdings in shares of Hewlett Packard Enterprise by 2.3% in the 4th quarter. Stifel Financial Corp now owns 714,617 shares of the technology company’s stock worth $12,134,000 after purchasing an additional 16,228 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in Hewlett Packard Enterprise by 21.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 72,845 shares of the technology company’s stock valued at $1,237,000 after purchasing an additional 12,618 shares during the period. KBC Group NV increased its stake in Hewlett Packard Enterprise by 24.1% during the 4th quarter. KBC Group NV now owns 598,034 shares of the technology company’s stock valued at $10,155,000 after purchasing an additional 116,017 shares in the last quarter. Finally, NEOS Investment Management LLC raised its holdings in Hewlett Packard Enterprise by 35.4% during the fourth quarter. NEOS Investment Management LLC now owns 18,133 shares of the technology company’s stock worth $308,000 after buying an additional 4,736 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Susquehanna restated a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, June 7th. Finally, Loop Capital boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.31.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.