Hewlett Packard Enterprise Company (NYSE:HPE) SVP Jeremy Cox Sells 68,590 Shares

Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE traded up $2.10 during mid-day trading on Monday, hitting $20.51. The company's stock had a trading volume of 58,069,414 shares, compared to its average volume of 16,671,219. The business's fifty day moving average is $17.37 and its two-hundred day moving average is $18.60. The stock has a market cap of $26.91 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.68 and a beta of 1.31. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $24.66. 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 (NYSE:HPE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same period last year, the company earned $0.42 earnings per share. Hewlett Packard Enterprise's revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HPE shares. UBS Group lifted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Loop Capital lifted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, June 9th. Raymond James Financial lifted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, June 4th. Bank of America upped their price target on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Barclays boosted their target price on Hewlett Packard Enterprise from $20.00 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy 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 $21.54.

Institutional Trading of Hewlett Packard Enterprise

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Korea Investment CORP raised its stake in shares of Hewlett Packard Enterprise by 8.3% during the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock worth $21,434,000 after buying an additional 77,244 shares during the period. Sowell Financial Services LLC purchased a new stake in Hewlett Packard Enterprise in the 1st quarter worth $301,000. Proficio Capital Partners LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $3,598,000. Atria Investments Inc lifted its holdings in Hewlett Packard Enterprise by 24.3% during the fourth quarter. Atria Investments Inc now owns 24,843 shares of the technology company's stock valued at $530,000 after purchasing an additional 4,864 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Hewlett Packard Enterprise by 2.3% in the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after purchasing an additional 699 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

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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