Hewlett Packard Enterprise (NYSE:HPE) SVP Jeremy Cox Sells 18,323 Shares

Hewlett Packard Enterprise (NYSE:HPE) SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the transaction, the senior vice president now owns 15,541 shares in the company, valued at $263,575.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hewlett Packard Enterprise Trading Up 1.2 %

Shares of HPE opened at $17.17 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The stock has a market cap of $22.32 billion, a PE ratio of 11.84, a PEG ratio of 3.13 and a beta of 1.21. Hewlett Packard Enterprise has a 1 year low of $13.65 and a 1 year high of $20.07. The stock has a 50 day simple moving average of $17.04 and a 200-day simple moving average of $16.41.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. During the same period in the prior year, the business posted $0.38 earnings per share. The business’s revenue was down 13.5% compared to the same quarter last year. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a $0.13 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 3.03%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 35.86%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Rise Advisors LLC lifted its position in shares of Hewlett Packard Enterprise by 253.9% during the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth $31,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $33,000. American National Bank raised its position in shares of Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after acquiring an additional 920 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its stake in shares of Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after purchasing an additional 1,261 shares during the period. Institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Evercore ISI lowered their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a report on Friday, March 1st. Barclays cut their price objective on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Wells Fargo & Company lifted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Morgan Stanley upped their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Saturday. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $17.91.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.