Hewlett Packard Enterprise Company (HPE) CEO Margaret C. Whitman Sells 249,023 Shares

Hewlett Packard Enterprise Company (NYSE:HPE) CEO Margaret C. Whitman sold 249,023 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 18th. The shares were sold at an average price of $13.67, for a total transaction of $3,404,144.41. Following the completion of the sale, the chief executive officer now directly owns 1,016,622 shares of the company’s stock, valued at approximately $13,897,222.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hewlett Packard Enterprise Company (NYSE:HPE) traded up 1.04% on Wednesday, hitting $13.63. 17,348,043 shares of the stock traded hands. The firm’s 50 day moving average is $13.61 and its 200 day moving average is $13.67. Hewlett Packard Enterprise Company has a 52 week low of $12.26 and a 52 week high of $14.86. The stock has a market cap of $22.07 billion, a price-to-earnings ratio of 189.31 and a beta of 2.72.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. Hewlett Packard Enterprise’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. Equities analysts anticipate that Hewlett Packard Enterprise Company will post $1.40 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio is presently 371.48%.

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Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Monday. Barclays PLC reaffirmed a “sell” rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, September 8th. Loop Capital reaffirmed a “hold” rating and issued a $14.50 price objective (down previously from $17.00) on shares of Hewlett Packard Enterprise in a research note on Friday, September 8th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $14.00 price objective (down previously from $17.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, September 7th. Finally, Zacks Investment Research lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $18.79.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Guardian Life Insurance Co. of America lifted its stake in shares of Hewlett Packard Enterprise by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock worth $152,000 after buying an additional 43 shares during the last quarter. Buckingham Asset Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 0.5% during the 1st quarter. Buckingham Asset Management LLC now owns 19,748 shares of the technology company’s stock worth $468,000 after buying an additional 106 shares during the last quarter. Tdam USA Inc. lifted its stake in shares of Hewlett Packard Enterprise by 0.9% during the 1st quarter. Tdam USA Inc. now owns 17,792 shares of the technology company’s stock worth $422,000 after buying an additional 162 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after buying an additional 200 shares during the last quarter. Finally, Cleararc Capital Inc. lifted its stake in shares of Hewlett Packard Enterprise by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 40,716 shares of the technology company’s stock worth $965,000 after buying an additional 221 shares during the last quarter. Institutional investors own 81.34% of the company’s stock.

About Hewlett Packard Enterprise

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

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

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