Margaret C. Whitman Sells 251,268 Shares of Hewlett Packard Enterprise Company (HPE) Stock
Hewlett Packard Enterprise Company (NYSE:HPE) CEO Margaret C. Whitman sold 251,268 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $17.40, for a total value of $4,372,063.20. Following the completion of the transaction, the chief executive officer now directly owns 865,021 shares in the company, valued at $15,051,365.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Hewlett Packard Enterprise Company (NYSE HPE) traded up 0.69% during trading on Monday, reaching $17.63. The company’s stock had a trading volume of 4,584,397 shares. The company’s 50-day moving average price is $17.04 and its 200 day moving average price is $17.61. The stock has a market capitalization of $28.96 billion, a price-to-earnings ratio of 13.37 and a beta of 2.74. Hewlett Packard Enterprise Company has a 1-year low of $15.49 and a 1-year high of $19.16.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The company had revenue of $9.90 billion for the quarter, compared to analyst estimates of $9.75 billion. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The business’s revenue for the quarter was down 22.1% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share. Analysts anticipate that Hewlett Packard Enterprise Company will post $1.45 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 annualized dividend and a yield of 1.47%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 20.16%.
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HPE has been the topic of several research reports. CIBC cut their price objective on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Maxim Group reaffirmed a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, July 14th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Hewlett Packard Enterprise in a research report on Saturday, June 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, May 26th. Finally, BidaskClub lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.87.
Large investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised its stake in Hewlett Packard Enterprise by 4.1% in the second 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 period. YorkBridge Wealth Partners LLC raised its stake in Hewlett Packard Enterprise by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after buying an additional 675 shares during the period. Reilly Financial Advisors LLC raised its stake in Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock valued at $119,000 after buying an additional 250 shares during the period. State of Alaska Department of Revenue purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at $125,000. Finally, Harfst & Associates Inc. purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at $127,000. Institutional investors own 80.31% of the company’s stock.
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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