Hewlett Packard Enterprise Company (NYSE:HPE) EVP Phil Mottram Sells 30,000 Shares

Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) EVP Phil Mottram sold 30,000 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $18.50, for a total transaction of $555,000.00. Following the completion of the transaction, the executive vice president now directly owns 72,427 shares of the company's stock, valued at approximately $1,339,899.50. The trade was a 29.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hewlett Packard Enterprise Stock Up 0.4%

Hewlett Packard Enterprise stock traded up $0.07 during mid-day trading on Friday, reaching $18.44. The stock had a trading volume of 17,125,978 shares, compared to its average volume of 16,513,368. The company has a market capitalization of $24.19 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 2.67 and a beta of 1.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. The company has a 50-day moving average price of $17.30 and a two-hundred day moving average price of $18.67.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. The firm had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several hedge funds and other institutional investors have recently modified their holdings of HPE. Putney Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $25,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $28,000. Ameriflex Group Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $31,000. Alpine Bank Wealth Management purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $25,000. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after purchasing an additional 1,318 shares during the period. 80.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Morgan Stanley increased their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. Wells Fargo & Company upped their price target on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Evercore ISI raised Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $17.00 to $22.00 in a research report on Tuesday, May 20th. Wall Street Zen cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, Bank of America decreased their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.31.

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.

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