Hewlett Packard Enterprise Co (NYSE:HPE) SVP Jeff T. Ricci sold 20,895 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $15.75, for a total value of $329,096.25. Following the sale, the senior vice president now owns 35,043 shares in the company, valued at $551,927.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of HPE stock traded up $0.53 during trading on Thursday, hitting $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 quick ratio of 0.67, a current ratio of 0.79 and a debt-to-equity ratio of 0.55. The stock’s 50-day moving average is $16.53 and its two-hundred day moving average is $14.89. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.28 and a beta of 1.56. Hewlett Packard Enterprise Co has a 52 week low of $12.09 and a 52 week high of $17.59.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Monday, November 25th. The technology company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $7.22 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Hewlett Packard Enterprise had a net margin of 3.60% and a return on equity of 13.55%. Hewlett Packard Enterprise’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. On average, research analysts predict that Hewlett Packard Enterprise Co will post 1.87 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.93%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, December 10th. Hewlett Packard Enterprise’s dividend payout ratio is 27.12%.
Several equities research analysts have recently weighed in on the company. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, August 29th. Nomura decreased their price target on Hewlett Packard Enterprise from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 28th. Deutsche Bank assumed coverage on Hewlett Packard Enterprise in a research report on Thursday. They set a “buy” rating and a $19.00 price target on the stock. Maxim Group upped their price target on Hewlett Packard Enterprise from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Finally, Barclays upped their price target on Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $16.60.
Several hedge funds have recently bought and sold shares of HPE. Steward Partners Investment Advisory LLC increased its position in shares of Hewlett Packard Enterprise by 30.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 14,236 shares of the technology company’s stock worth $212,000 after purchasing an additional 3,354 shares during the last quarter. SG Americas Securities LLC boosted its stake in Hewlett Packard Enterprise by 434.8% in the second quarter. SG Americas Securities LLC now owns 205,421 shares of the technology company’s stock worth $3,071,000 after buying an additional 167,012 shares in the last quarter. Signaturefd LLC boosted its stake in Hewlett Packard Enterprise by 20.5% in the second quarter. Signaturefd LLC now owns 14,881 shares of the technology company’s stock worth $222,000 after buying an additional 2,528 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Hewlett Packard Enterprise by 25.4% in the second quarter. Janus Henderson Group PLC now owns 907,209 shares of the technology company’s stock worth $13,567,000 after buying an additional 183,480 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its stake in Hewlett Packard Enterprise by 4.6% in the second quarter. Tocqueville Asset Management L.P. now owns 183,107 shares of the technology company’s stock worth $2,737,000 after buying an additional 8,107 shares in the last quarter. Institutional investors own 81.59% of the company’s stock.
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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