Maeve Culloty Sells 3,738 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Key Points

• Maeve Culloty, the EVP of Hewlett Packard Enterprise, sold **3,738 shares** of stock at an average price of **$25.12**, totaling **$93,898.56** on September 23rd.
• The company recently announced a **quarterly dividend** of **$0.13 per share**, which will be paid on October 17th, giving it an annualized yield of **2.1%**.
• Hewlett Packard Enterprise has received **positive ratings** from analysts, with target price upgrades boosting expectations to as high as **$28.00** from firms like Morgan Stanley.

Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) EVP Maeve Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total value of $93,898.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock traded down $0.26 during midday trading on Thursday, hitting $24.21. 32,902,763 shares of the company were exchanged, compared to its average volume of 19,580,111. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The firm has a market cap of $31.94 billion, a P/E ratio of 29.52, a PEG ratio of 2.54 and a beta of 1.43. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $25.36. The firm has a 50 day simple moving average of $22.24 and a 200-day simple moving average of $18.84.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 18th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 63.41%.

Wall Street Analysts Forecast Growth

HPE has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Evercore ISI raised their target price on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. KeyCorp began coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $22.00 to $28.00 in a research report on Thursday, August 21st. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.81.

Institutional Trading of Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently added to or reduced their stakes in HPE. Vanguard Group Inc. boosted its stake in shares of Hewlett Packard Enterprise by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company's stock valued at $3,472,493,000 after purchasing an additional 2,604,059 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company's stock valued at $701,864,000 after purchasing an additional 724,974 shares during the last quarter. Elliott Investment Management L.P. bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $381,004,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Hewlett Packard Enterprise by 15.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company's stock valued at $271,333,000 after purchasing an additional 2,373,850 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Hewlett Packard Enterprise by 3.4% in the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock valued at $258,144,000 after purchasing an additional 545,775 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

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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