Hewlett Packard Enterprise (NYSE:HPE) EVP Alan Richard May Sells 343,016 Shares

Hewlett Packard Enterprise (NYSE:HPE) EVP Alan Richard May sold 343,016 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $17.48, for a total transaction of $5,995,919.68. Following the sale, the executive vice president now owns 249,511 shares of the company’s stock, valued at $4,361,452.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hewlett Packard Enterprise Trading Down 0.6 %

Shares of HPE stock opened at $17.23 on Tuesday. The stock has a market cap of $22.10 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 3.05 and a beta of 1.25. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise has a fifty-two week low of $11.90 and a fifty-two week high of $18.14. The firm’s 50 day moving average price is $17.25 and its two-hundred day moving average price is $15.94.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, August 29th. The technology company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.99 billion. Hewlett Packard Enterprise had a net margin of 3.64% and a return on equity of 5.32%. Hewlett Packard Enterprise’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.43 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.79%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 58.54%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its position in shares of Hewlett Packard Enterprise by 16.0% during the second quarter. IFP Advisors Inc now owns 4,241 shares of the technology company’s stock worth $66,000 after purchasing an additional 584 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Hewlett Packard Enterprise by 9.8% during the second quarter. Brown Brothers Harriman & Co. now owns 6,636 shares of the technology company’s stock worth $111,000 after purchasing an additional 590 shares in the last quarter. Janiczek Wealth Management LLC lifted its position in shares of Hewlett Packard Enterprise by 7.4% during the second quarter. Janiczek Wealth Management LLC now owns 8,957 shares of the technology company’s stock worth $151,000 after purchasing an additional 616 shares in the last quarter. Covestor Ltd lifted its position in shares of Hewlett Packard Enterprise by 1.8% during the second quarter. Covestor Ltd now owns 36,343 shares of the technology company’s stock worth $610,000 after purchasing an additional 630 shares in the last quarter. Finally, ETF Managers Group LLC lifted its position in shares of Hewlett Packard Enterprise by 1.5% during the first quarter. ETF Managers Group LLC now owns 43,917 shares of the technology company’s stock worth $700,000 after purchasing an additional 655 shares in the last quarter. 81.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Hewlett Packard Enterprise from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, August 30th. Bank of America lifted their price target on shares of Hewlett Packard Enterprise from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, August 30th. Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, August 30th. Barclays decreased their target price on shares of Hewlett Packard Enterprise from $18.00 to $16.00 in a research report on Wednesday, May 31st. Finally, StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.33.

Hewlett Packard Enterprise Company Profile

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.