Antonio F. Neri Sells 166,666 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Key Points

• CEO Antonio Neri sold 166,666 shares of Hewlett Packard Enterprise (HPE) at an average price of $25.03, totaling over $4.17 million, resulting in a 9.51% decrease in his ownership stake.
• The company has announced a quarterly dividend of $0.13 per share, set to be paid on October 17th, offering a dividend yield of 2.1%.
• Recent analyst ratings have seen price targets for HPE stock raised, with a consensus rating of “Moderate Buy” and an average target price of $24.81.

Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) CEO Antonio F. Neri sold 166,666 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the transaction, the chief executive officer owned 1,585,726 shares of the company's stock, valued at $39,690,721.78. This represents a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded down $0.25 during mid-day trading on Friday, hitting $24.99. 32,894,671 shares of the company's stock traded hands, compared to its average volume of 22,789,748. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. The firm's 50 day simple moving average is $21.98 and its 200 day simple moving average is $18.69. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $25.35. The company has a market cap of $32.97 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.57 and a beta of 1.43.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.1%. Hewlett Packard Enterprise's payout ratio is 63.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HPE. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Raymond James Financial lifted their price target on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a "strong-buy" rating in a report on Thursday, September 4th. Evercore ISI lifted their price target on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. KeyCorp initiated coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.81.

Institutional Trading of Hewlett Packard Enterprise

Several institutional investors have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC increased its stake in Hewlett Packard Enterprise by 54.7% during the second quarter. Orion Porfolio Solutions LLC now owns 17,063 shares of the technology company's stock valued at $349,000 after purchasing an additional 6,035 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Hewlett Packard Enterprise during the second quarter worth about $1,040,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Hewlett Packard Enterprise during the second quarter worth about $266,000. Marex Group plc bought a new position in shares of Hewlett Packard Enterprise during the second quarter worth about $331,000. Finally, Advisory Services Network LLC grew its position in shares of Hewlett Packard Enterprise by 89.9% during the second quarter. Advisory Services Network LLC now owns 54,228 shares of the technology company's stock worth $1,122,000 after acquiring an additional 25,678 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

About Hewlett Packard Enterprise

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.