Neil B. Macdonald Sells 29,000 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Hewlett Packard Enterprise (NYSE:HPE) EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $18.30 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $23.78 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The firm has a 50 day moving average of $18.78 and a two-hundred day moving average of $18.60.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. As a group, equities analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is 37.96%.

Analyst Ratings Changes

A number of equities analysts recently commented on HPE shares. Loop Capital boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Susquehanna reissued a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, September 6th. Stifel Nicolaus raised their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Finally, Evercore ISI raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus price target of $21.08.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $5,854,000. Cetera Investment Advisers increased its holdings in shares of Hewlett Packard Enterprise by 30.2% during the second quarter. Cetera Investment Advisers now owns 157,793 shares of the technology company’s stock worth $3,341,000 after purchasing an additional 36,589 shares during the period. Truist Financial Corp increased its stake in Hewlett Packard Enterprise by 16.8% in the second quarter. Truist Financial Corp now owns 390,521 shares of the technology company’s stock valued at $8,267,000 after acquiring an additional 56,288 shares during the last quarter. Hershey Financial Advisers LLC acquired a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $684,000. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 20.3% during the second quarter. EP Wealth Advisors LLC now owns 30,741 shares of the technology company’s stock worth $651,000 after purchasing an additional 5,183 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

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.