Hewlett Packard Enterprise Co. (NYSE:HPE) EVP John F. Schultz sold 12,555 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $23.46, for a total value of $294,540.30. Following the completion of the transaction, the executive vice president now owns 79,447 shares in the company, valued at approximately $1,863,826.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
John F. Schultz also recently made the following trade(s): On Monday, September 26th, John F. Schultz sold 316,164 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $22.84, for a total value of $7,221,185.76.
Hewlett Packard Enterprise Co. (NYSE:HPE) opened at 23.55 on Friday. Hewlett Packard Enterprise Co. has a 12-month low of $11.62 and a 12-month high of $23.85. The firm has a market capitalization of $39.22 billion and a price-to-earnings ratio of 9.82. The company’s 50 day moving average price is $22.45 and its 200-day moving average price is $20.62.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.61. Hewlett Packard Enterprise had a return on equity of 10.38% and a net margin of 6.31%. The firm earned $12.50 billion during the quarter, compared to analysts’ expectations of $12.85 billion. During the same quarter last year, the firm posted $0.52 earnings per share. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Hewlett Packard Enterprise Co. will post $2.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Monday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 12.02%.
A number of large investors have recently made changes to their positions in HPE. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth approximately $100,000. Ledyard National Bank boosted its stake in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock worth $100,000 after buying an additional 36 shares during the period. MCF Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock worth $103,000 after buying an additional 2,501 shares during the period. Kernodle & Katon Asset Management Group LLC purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter worth approximately $103,000. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in shares of Hewlett Packard Enterprise by 10.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,739 shares of the company’s stock worth $108,000 after buying an additional 441 shares during the period. 79.61% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on HPE. Vetr cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating and set a $23.99 price target on the stock. in a report on Monday, November 7th. Wells Fargo & Co. cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating in a report on Thursday, September 8th. Mizuho increased their target price on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday. Oppenheimer Holdings Inc. set a $25.00 target price on Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays PLC increased their target price on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, September 8th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $22.80.
About Hewlett Packard Enterprise