Hewlett Packard Enterprise Co (HPE) EVP Sells $777,449.00 in Stock

Hewlett Packard Enterprise Co (NYSE:HPE) EVP Alan Richard May sold 50,158 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $15.50, for a total transaction of $777,449.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alan Richard May also recently made the following trade(s):

  • On Thursday, January 4th, Alan Richard May sold 49,921 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $15.00, for a total transaction of $748,815.00.
  • On Tuesday, December 12th, Alan Richard May sold 7,607 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $14.42, for a total transaction of $109,692.94.
  • On Friday, December 1st, Alan Richard May sold 42,314 shares of Hewlett Packard Enterprise stock. The stock was sold at an average price of $14.00, for a total transaction of $592,396.00.

Shares of Hewlett Packard Enterprise Co (HPE) traded up $0.27 during midday trading on Wednesday, hitting $16.07. 9,450,000 shares of the stock were exchanged, compared to its average volume of 9,800,000. The firm has a market cap of $25,610.00 and a P/E ratio of 64.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01. Hewlett Packard Enterprise Co has a fifty-two week low of $12.81 and a fifty-two week high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.78 billion. During the same quarter last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. equities research analysts forecast that Hewlett Packard Enterprise Co will post 1.19 earnings per share for the current fiscal year.

Hewlett Packard Enterprise announced that its board has authorized a stock buyback plan on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, December 12th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 120.00%.

A number of institutional investors have recently bought and sold shares of HPE. WFG Advisors LP increased its holdings in Hewlett Packard Enterprise by 15.3% in the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after purchasing an additional 801 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in Hewlett Packard Enterprise by 6,858.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after purchasing an additional 7,476 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in Hewlett Packard Enterprise by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after purchasing an additional 200 shares during the last quarter. Harfst & Associates Inc. increased its holdings in Hewlett Packard Enterprise by 42.5% in the 2nd quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock valued at $127,000 after purchasing an additional 2,287 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Hewlett Packard Enterprise by 13.2% in the 2nd quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock valued at $137,000 after purchasing an additional 966 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

A number of research firms have weighed in on HPE. Zacks Investment Research lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Sanford C. Bernstein reissued a “buy” rating and issued a $18.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Gabelli reissued a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Maxim Group reissued a “hold” rating and issued a $15.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the stock. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average target price of $16.04.

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Hewlett Packard Enterprise Company Profile

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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