Hewlett Packard Enterprise (NYSE:HPE) CEO Antonio Neri Sells 264,432 Shares of Stock

Hewlett Packard Enterprise Company (NYSE:HPEGet Free Report) CEO Antonio Neri sold 264,432 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $25.18, for a total transaction of $6,658,397.76. Following the completion of the transaction, the chief executive officer owned 1,837,329 shares in the company, valued at approximately $46,263,944.22. This represents a 12.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Hewlett Packard Enterprise Trading Down 4.4%

Shares of NYSE:HPE opened at $23.97 on Friday. The firm has a fifty day moving average of $22.01 and a two-hundred day moving average of $23.04. The firm has a market capitalization of $31.80 billion, a P/E ratio of -126.15, a price-to-earnings-growth ratio of 0.61 and a beta of 1.31. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $26.44. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last posted its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same period in the prior year, the business posted $0.49 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 18.4% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. On average, equities analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. TFC Financial Management Inc. boosted its holdings in Hewlett Packard Enterprise by 2,694.4% during the third quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock valued at $25,000 after acquiring an additional 970 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 176.7% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock worth $26,000 after purchasing an additional 666 shares during the period. Headlands Technologies LLC bought a new position in shares of Hewlett Packard Enterprise in the second quarter worth about $26,000. Chilton Capital Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $30,000. Finally, Union Savings Bank acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth about $30,000. Institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HPE. Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Morgan Stanley increased their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 10th. The Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price for the company. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Finally, Argus increased their price target on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average price target of $26.50.

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About Hewlett Packard Enterprise

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Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.

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