Insider Selling: Hewlett Packard Enterprise Co. (HPE) EVP Sells 213,399 Shares of Stock
Hewlett Packard Enterprise Co. (NYSE:HPE) EVP Antonio F. Neri sold 213,399 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $23.00, for a total value of $4,908,177.00. Following the sale, the executive vice president now directly owns 21,213 shares of the company’s stock, valued at $487,899. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) opened at 23.24 on Friday. The company has a 50 day moving average price of $21.89 and a 200-day moving average price of $18.91. Hewlett Packard Enterprise Co. has a 12-month low of $11.62 and a 12-month high of $23.53. The firm has a market cap of $38.71 billion and a PE ratio of 9.70.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 analysts’ expectations of $12.64 billion. The company’s quarterly revenue 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders 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 yield of 0.95%. Hewlett Packard Enterprise’s dividend payout ratio is currently 9.17%.
A number of analysts have issued reports on the company. Jefferies Group reaffirmed a “buy” rating and set a $25.50 price target (up from $24.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, July 5th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, June 8th. Bank of America Corp. reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, May 26th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, May 26th. Finally, Morgan Stanley reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, June 8th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.03.
A number of institutional investors have recently modified their holdings of HPE. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Hewlett Packard Enterprise during the second quarter worth $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 worth $103,000 after buying an additional 1,069 shares during the period. 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 worth $103,000 after buying an additional 2,501 shares during the period. 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 worth $146,000 after buying an additional 195 shares during the period. 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 worth $150,000 after buying an additional 1,251 shares during the period. 80.69% of the stock is currently owned by hedge funds and other institutional investors.
About Hewlett Packard Enterprise
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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