Insider Selling: Hewlett Packard Enterprise Co. (HPE) EVP Sells 11,781 Shares of Stock
Hewlett Packard Enterprise Co. (NYSE:HPE) EVP Antonio F. Neri sold 11,781 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $22.68, for a total value of $267,193.08. Following the completion of the transaction, 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 at this link.
Hewlett Packard Enterprise Co. (NYSE:HPE) opened at 21.98 on Wednesday. The company has a market cap of $36.61 billion and a P/E ratio of 9.17. Hewlett Packard Enterprise Co. has a one year low of $11.62 and a one year high of $23.53. The company has a 50 day moving average of $22.21 and a 200-day moving average of $19.49.
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 analysts’ consensus estimates of $0.45 by $0.04. The company earned $12.20 billion during the quarter, compared to the consensus estimate of $12.64 billion. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. Hewlett Packard Enterprise’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities analysts expect that Hewlett Packard Enterprise Co. will post $1.92 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 12th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, October 7th. This represents a $0.22 dividend on an annualized basis and a yield of 1.00%. Hewlett Packard Enterprise’s dividend payout ratio is presently 9.17%.
Several research firms recently issued reports on HPE. Vetr raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.36 price objective on the stock in a research report on Monday. Zacks Investment Research raised 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. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $24.50 price objective on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $26.00 price objective (up from $24.00) on shares of Hewlett Packard Enterprise in a research report on Friday, September 9th. Finally, Oppenheimer Holdings Inc. set a $25.00 price objective on Hewlett Packard Enterprise and gave the company a “buy” rating in a research report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Hewlett Packard Enterprise has an average rating of “Hold” and an average target price of $21.33.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dodge & Cox increased its position 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 in the last quarter. Primecap Management Co. CA increased its position 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 in the last quarter. UBS Asset Management Americas Inc. increased its position 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 in the last quarter. Marshall Wace LLP increased its position 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 in the last quarter. Finally, MD Sass Investors Services Inc. acquired a new position in Hewlett Packard Enterprise during the second quarter worth about $55,797,000. Institutional investors own 80.51% of the company’s stock.
About Hewlett Packard Enterprise
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).
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