Hewlett Packard Enterprise Co. (NYSE:HPE) EVP Antonio F. Neri sold 11,781 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $22.68, for a total transaction of $267,193.08. Following the transaction, the executive vice president now owns 4,936 shares of the company’s stock, valued at approximately $111,948.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) opened at 22.00 on Thursday. The company has a 50-day moving average of $22.21 and a 200-day moving average of $19.50. Hewlett Packard Enterprise Co. has a 52 week low of $11.62 and a 52 week high of $23.53. The firm has a market capitalization of $36.64 billion and a PE ratio of 9.18.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The firm had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.64 billion. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. Hewlett Packard Enterprise’s revenue was down 3.9% on a year-over-year basis. On average, equities analysts forecast that Hewlett Packard Enterprise Co. will post $1.92 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 12th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, October 7th. Hewlett Packard Enterprise’s payout ratio is currently 9.17%.

Several research analysts have commented on HPE shares. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Monday, June 27th. Citigroup Inc. upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $25.00 in a research report on Monday, July 25th. They noted that the move was a valuation call. Vetr downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating and set a $24.02 price objective for the company. in a research report on Wednesday, August 17th. Jefferies Group restated a “buy” rating and set a $24.25 price objective on shares of Hewlett Packard Enterprise in a research report on Monday, August 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $22.00 price objective on shares of Hewlett Packard Enterprise in a research report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Hewlett Packard Enterprise has an average rating of “Hold” and an average target price of $21.50.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. Ngam Advisors L.P. raised its position in Hewlett Packard Enterprise by 31.9% in the first quarter. Ngam Advisors L.P. now owns 73,372 shares of the company’s stock worth $1,301,000 after buying an additional 17,732 shares during the last quarter. Columbia Partners L L C Investment Management purchased a new position in Hewlett Packard Enterprise during the first quarter worth about $1,178,000. NN Investment Partners Holdings N.V. purchased a new position in Hewlett Packard Enterprise during the first quarter worth about $5,065,000. Investec Asset Management North America Inc. raised its position in Hewlett Packard Enterprise by 40.1% in the first quarter. Investec Asset Management North America Inc. now owns 47,610 shares of the company’s stock worth $844,000 after buying an additional 13,633 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in Hewlett Packard Enterprise by 22.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,816 shares of the company’s stock worth $227,000 after buying an additional 2,360 shares during the last quarter. 80.51% of the stock is currently owned by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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