Jeff T. Ricci Sells 6,460 Shares of Hewlett Packard Enterprise Co (HPE) Stock
Hewlett Packard Enterprise Co (NYSE:HPE) SVP Jeff T. Ricci sold 6,460 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $18.99, for a total value of $122,675.40. Following the completion of the transaction, the senior vice president now owns 10,352 shares in the company, valued at $196,584.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Hewlett Packard Enterprise Co (NYSE:HPE) traded down 0.37% during trading on Thursday, reaching $18.84. The company had a trading volume of 18,113,260 shares. Hewlett Packard Enterprise Co has a one year low of $16.84 and a one year high of $19.16. The company has a market capitalization of $31.23 billion, a price-to-earnings ratio of 10.22 and a beta of 3.05. The company has a 50-day moving average price of $18.55 and a 200 day moving average price of $22.01. Hewlett Packard Enterprise also was the recipient of some unusual options trading activity on Monday. Traders bought 5,446 put options on the stock. This represents an increase of approximately 695% compared to the average daily volume of 685 put options.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, February 23rd. The technology company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $11.41 billion during the quarter, compared to analyst estimates of $12.09 billion. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.43%. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. Analysts expect that Hewlett Packard Enterprise Co will post $1.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Wednesday, June 14th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Monday, June 12th. This represents a $0.26 annualized dividend and a yield of 1.38%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 14.21%.
A number of large investors have recently bought and sold shares of HPE. Pointe Capital Management LLC purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at approximately $382,000. Teachers Retirement System of The State of Kentucky increased its position in Hewlett Packard Enterprise by 0.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 793,637 shares of the technology company’s stock worth $18,809,000 after buying an additional 3,800 shares in the last quarter. Achmea Investment Management B.V. bought a new position in Hewlett Packard Enterprise during the first quarter worth $5,586,000. Bank of Nova Scotia increased its position in Hewlett Packard Enterprise by 46.1% in the first quarter. Bank of Nova Scotia now owns 1,091,106 shares of the technology company’s stock worth $25,859,000 after buying an additional 344,041 shares in the last quarter. Finally, Tyrus Capital S.A.M. bought a new position in Hewlett Packard Enterprise during the first quarter worth $2,720,000. Hedge funds and other institutional investors own 79.10% of the company’s stock.
Several research analysts have recently issued reports on HPE shares. Zacks Investment Research lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. OTR Global raised Hewlett Packard Enterprise to a “positive” rating in a research note on Wednesday, February 15th. Oppenheimer Holdings Inc. set a $27.00 price objective on Hewlett Packard Enterprise and gave the stock a “buy” rating in a research note on Friday, February 17th. BMO Capital Markets reaffirmed a “market perform” rating and set a $24.00 price objective (down previously from $27.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, February 23rd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $23.00 price objective (up previously from $22.00) on shares of Hewlett Packard Enterprise in a research note on Friday, February 24th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $22.87.
Hewlett Packard Enterprise Company Profile
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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