Hewlett Packard Enterprise Co. (NYSE:HPE) CFO Timothy C. Stonesifer sold 101,610 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $22.01, for a total value of $2,236,436.10. Following the sale, the chief financial officer now owns 101,610 shares of the company’s stock, valued at approximately $2,236,436.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) opened at 23.24 on Friday. The company has a market cap of $38.71 billion and a PE ratio of 9.70. The company has a 50 day moving average of $21.89 and a 200 day moving average of $18.91. Hewlett Packard Enterprise Co. has a 1-year low of $11.62 and a 1-year high of $23.53.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 7th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $12.64 billion. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities analysts expect that Hewlett Packard Enterprise Co. will post $1.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 12th will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.22 annualized dividend and a yield of 0.95%. Hewlett Packard Enterprise’s dividend payout ratio is currently 9.17%.
A number of brokerages have recently commented on HPE. Morgan Stanley reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, June 8th. Raymond James Financial Inc. reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, May 26th. Bank of America Corp. reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, May 26th. Vetr downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating and set a $24.02 price objective for the company. in a research report on Wednesday, August 17th. Finally, Deutsche Bank AG increased their price objective on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.03.
A number of large investors have recently bought and sold shares of the stock. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Hewlett Packard Enterprise during the second quarter valued at approximately $100,000. Citizens Financial Group Inc RI boosted its stake in Hewlett Packard Enterprise by 22.6% in the first quarter. Citizens Financial Group Inc RI now owns 5,809 shares of the company’s stock valued at $103,000 after buying an additional 1,069 shares in the last quarter. MCF Advisors LLC boosted its stake in Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock valued at $103,000 after buying an additional 2,501 shares in the last quarter. Ropes Wealth Advisors LLC boosted its stake in Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock valued at $146,000 after buying an additional 195 shares in the last quarter. Finally, Cedar Wealth Management LLC boosted its stake in Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock valued at $150,000 after buying an additional 1,251 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.
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