Hewlett Packard Enterprise Co. (HPE) CFO Timothy C. Stonesifer Sells 101,610 Shares
Hewlett Packard Enterprise Co. (NYSE:HPE) CFO Timothy C. Stonesifer sold 101,610 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $22.01, for a total transaction of $2,236,436.10. Following the completion of the transaction, the chief financial officer now directly owns 101,610 shares in the company, valued at approximately $2,236,436.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Hewlett Packard Enterprise Co. (NYSE:HPE) opened at 23.12 on Thursday. The company has a market cap of $38.51 billion and a P/E ratio of 9.65. Hewlett Packard Enterprise Co. has a 52 week low of $11.62 and a 52 week high of $23.12. The firm’s 50 day moving average is $21.84 and its 200-day moving average is $18.88.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The firm had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.64 billion. Hewlett Packard Enterprise’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts predict that Hewlett Packard Enterprise Co. will post $1.92 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 12th will be issued a $0.055 dividend. The ex-dividend date is Friday, October 7th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.95%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 9.17%.
Several hedge funds have recently bought and sold shares of HPE. Dodge & Cox increased its stake in Hewlett Packard Enterprise by 3.0% in the first quarter. Dodge & Cox now owns 224,069,718 shares of the company’s stock worth $3,972,756,000 after buying an additional 6,540,190 shares during the period. Sound Shore Management Inc. CT acquired a new stake in Hewlett Packard Enterprise during the first quarter worth $114,704,000. Primecap Management Co. CA increased 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 period. UBS Asset Management Americas Inc. increased its stake in Hewlett Packard Enterprise by 80.5% in the second quarter. UBS Asset Management Americas Inc. now owns 9,764,375 shares of the company’s stock worth $178,395,000 after buying an additional 4,354,541 shares during the period. Finally, Marshall Wace LLP increased its stake in Hewlett Packard Enterprise by 282.2% in the second quarter. Marshall Wace LLP now owns 4,684,407 shares of the company’s stock worth $85,584,000 after buying an additional 3,458,745 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.
Several research firms have recently weighed in on HPE. Vetr cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating and set a $25.21 price target on the stock. in a report on Wednesday. Sanford C. Bernstein reissued an “outperform” rating and issued a $24.50 target price on shares of Hewlett Packard Enterprise in a research note on Tuesday. Credit Suisse Group AG reissued an “outperform” rating and issued a $25.00 target price on shares of Hewlett Packard Enterprise in a research note on Saturday, September 3rd. Mizuho increased their target price on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, September 8th. Finally, Wells Fargo & Co. cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $21.03.
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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