Hewlett Packard Enterprise (NYSE:HPE) CEO Irv Rothman Sells 70,115 Shares

Hewlett Packard Enterprise (NYSE:HPEGet Rating) CEO Irv Rothman sold 70,115 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $13.33, for a total transaction of $934,632.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $13.18 on Wednesday. The firm’s 50 day moving average is $13.89 and its 200-day moving average is $14.94. The stock has a market capitalization of $16.96 billion, a P/E ratio of 4.71, a P/E/G ratio of 2.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.92 and a quick ratio of 0.66. Hewlett Packard Enterprise has a 12-month low of $12.40 and a 12-month high of $17.76.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last released its earnings results on Tuesday, August 30th. The technology company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $6.97 billion. Hewlett Packard Enterprise had a net margin of 13.31% and a return on equity of 18.25%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.25 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Monday, September 12th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, September 9th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 17.14%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Hewlett Packard Enterprise by 1.2% during the first quarter. Vanguard Group Inc. now owns 152,566,180 shares of the technology company’s stock valued at $2,549,380,000 after purchasing an additional 1,824,331 shares in the last quarter. State Street Corp grew its position in Hewlett Packard Enterprise by 0.8% during the second quarter. State Street Corp now owns 70,870,777 shares of the technology company’s stock valued at $947,925,000 after purchasing an additional 542,083 shares in the last quarter. Bank of America Corp DE grew its position in Hewlett Packard Enterprise by 2.8% during the first quarter. Bank of America Corp DE now owns 38,970,595 shares of the technology company’s stock valued at $651,199,000 after purchasing an additional 1,070,913 shares in the last quarter. Amundi grew its position in Hewlett Packard Enterprise by 3.8% during the second quarter. Amundi now owns 28,118,343 shares of the technology company’s stock valued at $367,605,000 after purchasing an additional 1,024,592 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Hewlett Packard Enterprise by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 24,839,336 shares of the technology company’s stock valued at $390,943,000 after purchasing an additional 1,044,251 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HPE has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Sunday, September 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Hewlett Packard Enterprise from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Wednesday, August 31st. Morgan Stanley dropped their price target on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 31st. Bank of America downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $16.00 in a research report on Friday, May 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Hewlett Packard Enterprise from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average target price of $16.59.

Hewlett Packard Enterprise Company Profile

(Get Rating)

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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

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Insider Buying and Selling by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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