Hewlett Packard Enterprise Co. (NYSE:HPE) EVP Antonio F. Neri sold 11,781 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $22.68, for a total value of $267,193.08. Following the transaction, the executive vice president now directly owns 4,936 shares in the company, valued at $111,948.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hewlett Packard Enterprise Co. (NYSE:HPE) opened at 22.00 on Thursday. The firm has a 50-day moving average price of $22.21 and a 200 day moving average price of $19.50. Hewlett Packard Enterprise Co. has a 12 month low of $11.62 and a 12 month high of $23.53. The company has a market capitalization of $36.64 billion and a P/E ratio of 9.18.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The firm earned $12.20 billion during the quarter, compared to analysts’ expectations of $12.64 billion. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. Analysts expect that Hewlett Packard Enterprise Co. will post $1.92 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 12th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, October 7th. This represents a $0.22 annualized dividend and a yield of 1.00%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 9.17%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dodge & Cox boosted its position in shares of Hewlett Packard Enterprise by 3.0% in the first quarter. Dodge & Cox now owns 224,069,718 shares of the company’s stock valued at $3,972,756,000 after buying an additional 6,540,190 shares during the period. State Street Corp boosted its stake in Hewlett Packard Enterprise by 1.0% in the first quarter. State Street Corp now owns 84,485,271 shares of the company’s stock worth $1,497,931,000 after buying an additional 797,867 shares during the last quarter. Primecap Management Co. CA boosted its stake in Hewlett Packard Enterprise by 10.7% in the first quarter. Primecap Management Co. CA now owns 56,167,415 shares of the company’s stock worth $995,848,000 after buying an additional 5,432,750 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Hewlett Packard Enterprise by 0.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 44,505,637 shares of the company’s stock worth $813,118,000 after buying an additional 329,761 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 8.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 27,055,545 shares of the company’s stock worth $494,305,000 after buying an additional 2,126,559 shares during the last quarter. 80.51% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on HPE shares. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Monday, June 27th. Wells Fargo & Co. reissued a “market perform” rating on shares of Hewlett Packard Enterprise in a research note on Saturday, July 2nd. Jefferies Group reissued a “buy” rating and issued a $25.50 price target (up previously from $24.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 5th. BMO Capital Markets reissued a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Sunday, July 10th. Finally, Citigroup Inc. raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $25.00 in a research note on Monday, July 25th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average price target of $21.50.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, 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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