Hewlett Packard Enterprise Co (NYSE:HPE) insider Keerti Melkote sold 66,130 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $15.97, for a total value of $1,056,096.10. Following the completion of the transaction, the insider now owns 85,128 shares of the company’s stock, valued at $1,359,494.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NYSE HPE traded up $0.53 on Thursday, reaching $16.40. The company had a trading volume of 9,032,499 shares, compared to its average volume of 9,849,103. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.79 and a quick ratio of 0.67. The business has a 50 day moving average of $16.53 and a two-hundred day moving average of $14.89. Hewlett Packard Enterprise Co has a fifty-two week low of $12.09 and a fifty-two week high of $17.59. The firm has a market cap of $20.75 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 1.28 and a beta of 1.56.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Monday, November 25th. The technology company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. Hewlett Packard Enterprise had a return on equity of 13.55% and a net margin of 3.60%. The firm had revenue of $7.22 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period last year, the business posted $0.45 EPS. The business’s revenue was down 9.2% compared to the same quarter last year. As a group, research analysts predict that Hewlett Packard Enterprise Co will post 1.87 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.12 per share. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, December 10th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.12%.
Institutional investors have recently modified their holdings of the business. Institutional & Family Asset Management LLC grew its holdings in Hewlett Packard Enterprise by 146.5% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 1,639 shares of the technology company’s stock worth $25,000 after acquiring an additional 974 shares during the period. WealthStone Inc. acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth about $34,000. Quest Capital Management Inc. ADV acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $38,000. CSat Investment Advisory L.P. grew its holdings in Hewlett Packard Enterprise by 231.9% during the 2nd quarter. CSat Investment Advisory L.P. now owns 2,854 shares of the technology company’s stock worth $43,000 after acquiring an additional 1,994 shares during the period. Finally, Quantum Capital Management acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 81.59% of the company’s stock.
A number of brokerages have recently commented on HPE. JPMorgan Chase & Co. cut Hewlett Packard Enterprise from a “neutral” rating to an “underweight” rating and set a $16.00 price target for the company. in a research note on Friday, November 1st. They noted that the move was a valuation call. Oppenheimer decreased their price objective on Hewlett Packard Enterprise from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. UBS Group decreased their price objective on Hewlett Packard Enterprise from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. TheStreet upgraded Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a report on Monday, November 25th. Finally, Barclays increased their price objective on Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $16.60.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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