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

Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) EVP Phil Mottram sold 30,000 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Phil Mottram also recently made the following trade(s):

• On Wednesday, June 25th, Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $18.50, for a total value of $555,000.00.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded up $0.06 on Tuesday, hitting $20.51. 26,394,478 shares of the stock were exchanged, compared to its average volume of 16,723,037. The company has a market capitalization of $26.91 billion, a PE ratio of 20.72, a P/E/G ratio of 2.96 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The business's fifty day moving average is $17.59 and its 200 day moving average is $18.61. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data 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 company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. Hewlett Packard Enterprise's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. Research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be given 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 is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HPE. Loop Capital increased their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, June 9th. Bank of America raised their price target on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $17.00 to $22.00 in a report on Tuesday, May 20th. Susquehanna reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research report on Wednesday, March 12th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.54.

Institutional Trading of Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently bought and sold shares of HPE. Putney Financial Group LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management acquired a new stake in Hewlett Packard Enterprise during the 1st quarter valued at $25,000. Bruce G. Allen Investments LLC boosted its position in Hewlett Packard Enterprise by 345.0% during the first 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. Zions Bancorporation National Association UT acquired a new position in shares of Hewlett Packard Enterprise in the first quarter valued at $27,000. Finally, Hara Capital LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $28,000. Institutional investors 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.