Insider Selling: Hewlett Packard Enterprise Co. (HPE) EVP Sells $267,193.08 in Stock
Hewlett Packard Enterprise Co. (NYSE:HPE) EVP Antonio F. Neri sold 11,781 shares of the company’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $22.68, for a total transaction of $267,193.08. Following the completion of the sale, the executive vice president now directly owns 4,936 shares in the company, valued at $111,948.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) opened at 21.53 on Monday. The company has a market cap of $35.86 billion and a PE ratio of 8.98. Hewlett Packard Enterprise Co. has a 1-year low of $11.62 and a 1-year high of $23.53. The firm’s 50-day moving average is $22.20 and its 200-day moving average is $19.55.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (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 company had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.64 billion. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities analysts forecast that Hewlett Packard Enterprise Co. will post $1.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be paid a $0.055 dividend. The ex-dividend date is Friday, October 7th. This represents a $0.22 annualized dividend and a yield of 1.02%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 9.17%.
A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $37,854,000. Whitebox Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $16,979,000. Samlyn Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise during the first quarter worth $36,722,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Hewlett Packard Enterprise by 8.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 55,270 shares of the company’s stock worth $985,000 after buying an additional 4,307 shares during the last quarter. Finally, PGGM Investments raised its stake in shares of Hewlett Packard Enterprise by 1.1% in the second quarter. PGGM Investments now owns 1,221,837 shares of the company’s stock worth $22,323,000 after buying an additional 13,114 shares during the last quarter. Institutional investors own 80.50% of the company’s stock.
HPE has been the topic of a number of recent research reports. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Monday, July 11th. Mizuho increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, September 8th. BMO Capital Markets reissued a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Sunday, July 10th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, October 5th. Finally, Jefferies Group increased their price objective on shares of Hewlett Packard Enterprise from $24.25 to $27.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $21.60.
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).
Receive News & Ratings for Hewlett Packard Enterprise Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Co. and related companies with MarketBeat.com's FREE daily email newsletter.