Margaret C. Whitman Sells 249,023 Shares of Hewlett Packard Enterprise Company (HPE) Stock
Hewlett Packard Enterprise Company (NYSE:HPE) CEO Margaret C. Whitman sold 249,023 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $13.67, for a total value of $3,404,144.41. Following the sale, the chief executive officer now owns 1,016,622 shares of the company’s stock, valued at $13,897,222.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Hewlett Packard Enterprise Company (HPE) opened at 13.79 on Friday. Hewlett Packard Enterprise Company has a 52-week low of $12.26 and a 52-week high of $14.86. The company’s 50-day moving average price is $13.61 and its 200-day moving average price is $13.67. The firm has a market capitalization of $22.33 billion, a P/E ratio of 191.53 and a beta of 2.72.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the business earned $0.49 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts expect that Hewlett Packard Enterprise Company will post $1.40 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be paid a $0.065 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a yield of 1.91%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 371.48%.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. WFG Advisors LP grew its stake in Hewlett Packard Enterprise by 15.3% in the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after buying an additional 801 shares during the last quarter. Archford Capital Strategies LLC grew its stake in Hewlett Packard Enterprise by 6,858.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after buying an additional 7,476 shares during the last quarter. YorkBridge Wealth Partners LLC grew its stake in Hewlett Packard Enterprise by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Hewlett Packard Enterprise by 4.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after buying an additional 266 shares during the last quarter. Finally, Harfst & Associates Inc. acquired a new position in Hewlett Packard Enterprise in the 1st quarter valued at about $127,000. Institutional investors and hedge funds own 81.34% of the company’s stock.
Several analysts recently issued reports on HPE shares. CIBC cut their price objective on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, July 4th. Mizuho reissued a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and set a $22.00 target price on shares of Hewlett Packard Enterprise in a research report on Saturday, July 22nd. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $17.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, September 1st. Finally, ValuEngine raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.79.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, 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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