Hewlett Packard Enterprise Company (HPE) EVP Sells $748,815.00 in Stock

Hewlett Packard Enterprise Company (NYSE:HPE) EVP Alan Richard May sold 49,921 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $15.00, for a total transaction of $748,815.00. Following the completion of the sale, the executive vice president now owns 50,158 shares of the company’s stock, valued at approximately $752,370. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Alan Richard May also recently made the following trade(s):

  • On Tuesday, December 12th, Alan Richard May sold 7,607 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $14.42, for a total transaction of $109,692.94.
  • On Friday, December 1st, Alan Richard May sold 42,314 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $14.00, for a total transaction of $592,396.00.

Hewlett Packard Enterprise Company (NYSE:HPE) opened at $15.19 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01. The stock has a market cap of $24,210.00 and a price-to-earnings ratio of 60.76. Hewlett Packard Enterprise Company has a 12 month low of $12.81 and a 12 month high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The company had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.78 billion. During the same period in the previous year, the company posted $0.61 EPS. Hewlett Packard Enterprise’s revenue was up 4.6% compared to the same quarter last year. equities research analysts anticipate that Hewlett Packard Enterprise Company will post 1.18 earnings per share for the current fiscal year.

Hewlett Packard Enterprise declared that its board has authorized a share buyback program on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th were paid a dividend of $0.075 per share. The ex-dividend date was Tuesday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.97%. Hewlett Packard Enterprise’s dividend payout ratio is 120.00%.

Large investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC grew its stake in shares of Hewlett Packard Enterprise by 0.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 5,602,984 shares of the technology company’s stock worth $82,420,000 after purchasing an additional 45,636 shares during the period. Third Point LLC grew its stake in shares of Hewlett Packard Enterprise by 16.7% during the 2nd quarter. Third Point LLC now owns 7,000,000 shares of the technology company’s stock worth $116,130,000 after purchasing an additional 1,000,000 shares during the period. First Trust Advisors LP grew its stake in shares of Hewlett Packard Enterprise by 58.3% during the 3rd quarter. First Trust Advisors LP now owns 6,167,004 shares of the technology company’s stock worth $90,717,000 after purchasing an additional 2,270,669 shares during the period. Oak Associates Ltd. OH grew its stake in shares of Hewlett Packard Enterprise by 4.4% during the 2nd quarter. Oak Associates Ltd. OH now owns 309,726 shares of the technology company’s stock worth $5,138,000 after purchasing an additional 13,000 shares during the period. Finally, BT Investment Management Ltd acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth $5,661,000. 83.43% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on HPE shares. Royal Bank of Canada reiterated a “hold” rating and issued a $15.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. KeyCorp reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. UBS Group downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $15.00 in a research report on Friday, October 20th. Robert W. Baird reiterated a “hold” rating and issued a $16.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, October 19th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $16.04.

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About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Insider Buying and Selling by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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