Hewlett Packard Enterprise (NYSE:HPE) CEO Gerri Gold Sells 22,784 Shares of Stock

Hewlett Packard Enterprise (NYSE:HPE) CEO Gerri Gold sold 22,784 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $21.84 on Wednesday. The company has a 50 day moving average price of $18.13 and a 200-day moving average price of $17.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a market capitalization of $28.38 billion, a PE ratio of 15.94, a P/E/G ratio of 3.12 and a beta of 1.18.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share 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 firm had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, June 19th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HPE. Wells Fargo & Company increased their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Susquehanna raised their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Morgan Stanley raised their price objective on shares of Hewlett Packard Enterprise from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein raised their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Finally, Evercore ISI raised their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 5th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.69.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors have recently bought and sold shares of HPE. Vanguard Group Inc. increased its holdings in Hewlett Packard Enterprise by 3.7% during the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after buying an additional 5,777,901 shares during the period. Epoch Investment Partners Inc. purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $51,384,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Hewlett Packard Enterprise in the first quarter worth $51,938,000. Norges Bank acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $48,291,000. Finally, Natixis increased its position in shares of Hewlett Packard Enterprise by 10,345.0% during the first quarter. Natixis now owns 1,789,965 shares of the technology company’s stock worth $31,736,000 after purchasing an additional 1,772,828 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

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.