Hewlett Packard Enterprise (NYSE:HPE) SVP Jeremy Cox Sells 18,323 Shares

Hewlett Packard Enterprise (NYSE:HPE) SVP Jeremy Cox sold 18,323 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $16.97 on Friday. The firm has a market capitalization of $22.06 billion, a P/E ratio of 11.70, a PEG ratio of 3.13 and a beta of 1.21. Hewlett Packard Enterprise has a one year low of $13.65 and a one year high of $20.07. The company’s fifty day moving average is $16.99 and its two-hundred day moving average is $16.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The business’s revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. Analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.06%. Hewlett Packard Enterprise’s payout ratio is currently 35.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rise Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 253.9% during the 1st 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 during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth $33,000. Salem Investment Counselors Inc. raised its stake in shares of Hewlett Packard Enterprise by 180.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after buying an additional 1,261 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HPE. Barclays lowered their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Evercore ISI lowered their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research report on Friday, March 1st. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus lowered their price objective on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.91.

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.