Neil B. Macdonald Sells 29,000 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Hewlett Packard Enterprise (NYSE:HPE) EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded up $0.98 during mid-day trading on Tuesday, hitting $18.21. The stock had a trading volume of 28,382,703 shares, compared to its average volume of 15,931,949. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a market cap of $23.67 billion, a PE ratio of 13.21, a PEG ratio of 1.97 and a beta of 1.19. The company’s fifty day simple moving average is $18.91 and its two-hundred day simple moving average is $18.59.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.35 earnings per share. On average, equities analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.86%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. Vanguard Group Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after purchasing an additional 5,777,901 shares during the last quarter. Pacer Advisors Inc. increased its position in Hewlett Packard Enterprise by 14,953.2% in the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock worth $490,925,000 after buying an additional 23,035,594 shares during the period. Dimensional Fund Advisors LP lifted its stake in Hewlett Packard Enterprise by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company’s stock valued at $399,507,000 after buying an additional 822,722 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Hewlett Packard Enterprise by 3.8% during the second quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock valued at $358,602,000 after acquiring an additional 617,691 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Hewlett Packard Enterprise by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company’s stock worth $200,776,000 after acquiring an additional 237,321 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research note on Wednesday, June 5th. Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein upped their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, June 5th. Argus raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday, June 7th. Finally, Stifel Nicolaus increased their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.08.

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.