Insider Selling: Hewlett Packard Enterprise (NYSE:HPE) CEO Sells 83,334 Shares of Stock

Hewlett Packard Enterprise (NYSE:HPE) CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the transaction, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $20.14 on Friday. 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 cap of $26.18 billion, a P/E ratio of 14.70, a PEG ratio of 3.05 and a beta of 1.19. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company has a 50-day moving average price of $18.56 and a 200 day moving average price of $18.67.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. Research analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be issued a $0.13 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.58%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC increased its holdings in Hewlett Packard Enterprise by 253.9% in the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock valued at $26,000 after buying an additional 1,051 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after buying an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth approximately $28,000. American National Bank increased its stake in shares of Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after purchasing an additional 920 shares in the last quarter. Finally, ORG Partners LLC increased its stake in shares of Hewlett Packard Enterprise by 224.5% during the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after purchasing an additional 1,282 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HPE shares. Susquehanna restated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, September 6th. UBS Group increased their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Wells Fargo & Company increased their target price on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Loop Capital increased 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. Finally, Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, June 7th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.31.

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.