Philip Davis Sells 10,088 Shares of Hewlett Packard Enterprise Co (NYSE:HPE) Stock

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Hewlett Packard Enterprise Co (NYSE:HPE) insider Philip Davis sold 10,088 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $14.96, for a total value of $150,916.48. Following the completion of the transaction, the insider now owns 15,423 shares of the company’s stock, valued at approximately $230,728.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Philip Davis also recently made the following trade(s):

  • On Wednesday, June 5th, Philip Davis sold 16,412 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $14.33, for a total value of $235,183.96.

HPE stock opened at $14.96 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 0.57. Hewlett Packard Enterprise Co has a 12-month low of $12.09 and a 12-month high of $17.59. The firm has a market cap of $19.77 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.37 and a beta of 1.60. The business has a 50-day moving average price of $14.46.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, May 23rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. Hewlett Packard Enterprise had a return on equity of 12.32% and a net margin of 0.95%. The company had revenue of $7.15 billion for the quarter, compared to analysts’ expectations of $7.38 billion. During the same period in the previous year, the firm posted $0.34 EPS. Hewlett Packard Enterprise’s revenue was down 4.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Hewlett Packard Enterprise Co will post 1.67 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Tuesday, June 11th. Hewlett Packard Enterprise’s payout ratio is 28.85%.

HPE has been the subject of several recent analyst reports. UBS Group lowered Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and cut their price target for the company from $17.00 to $13.00 in a research note on Tuesday, March 12th. Credit Suisse Group initiated coverage on Hewlett Packard Enterprise in a research note on Thursday, April 11th. They issued an “underperform” rating and a $14.00 price target for the company. ValuEngine lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Daiwa Capital Markets initiated coverage on Hewlett Packard Enterprise in a research note on Monday, April 1st. They issued a “hold” rating and a $16.00 price target for the company. Finally, Evercore ISI assumed coverage on Hewlett Packard Enterprise in a research note on Wednesday, June 5th. They issued an “underperform” rating and a $14.00 price target for the company. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.50.

Hedge funds have recently bought and sold shares of the stock. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 2.6% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 24,146 shares of the technology company’s stock worth $373,000 after purchasing an additional 621 shares during the last quarter. Private Ocean LLC boosted its holdings in shares of Hewlett Packard Enterprise by 34.9% during the 1st quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock worth $40,000 after purchasing an additional 668 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Hewlett Packard Enterprise by 4.9% during the 4th quarter. Stephens Inc. AR now owns 16,877 shares of the technology company’s stock worth $223,000 after purchasing an additional 788 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Hewlett Packard Enterprise by 7.2% during the 1st quarter. Signaturefd LLC now owns 12,353 shares of the technology company’s stock worth $191,000 after purchasing an additional 834 shares during the last quarter. Finally, Ffcm LLC boosted its holdings in shares of Hewlett Packard Enterprise by 3.1% during the 4th quarter. Ffcm LLC now owns 32,401 shares of the technology company’s stock worth $428,000 after purchasing an additional 970 shares during the last quarter. Institutional investors own 82.06% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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