Insider Selling: Hewlett Packard Enterprise (NYSE:HPE) EVP Sells 36,671 Shares of Stock

Hewlett Packard Enterprise (NYSE:HPE) EVP Neil B. Macdonald sold 36,671 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total transaction of $752,122.21. Following the completion of the sale, the executive vice president now directly owns 111,054 shares in the company, valued at approximately $2,277,717.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $21.60 on Friday. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $21.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. The business has a fifty day moving average of $17.98 and a two-hundred day moving average of $16.99. The company has a market cap of $28.07 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 3.14 and a beta of 1.18.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts predict that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Analysts Set New Price Targets

Several analysts recently weighed in on HPE shares. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday, June 7th. Barclays raised their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Finally, Bank of America raised their target price on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average price target of $20.69.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several hedge funds have recently bought and sold shares of HPE. Rise Advisors LLC increased its position in 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 buying an additional 1,051 shares in the last quarter. Salem Investment Counselors Inc. grew its position in shares of Hewlett Packard Enterprise by 180.1% in the fourth 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. Johnson Financial Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $35,000. American National Bank grew its position in shares of Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after purchasing an additional 920 shares during the period. Finally, Founders Financial Alliance LLC grew its position in shares of Hewlett Packard Enterprise by 52.8% in the fourth quarter. Founders Financial Alliance LLC now owns 2,463 shares of the technology company’s stock valued at $42,000 after purchasing an additional 851 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

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.