Insider Selling: Hewlett Packard Enterprise Co (HPE) EVP Sells 49,921 Shares of Stock

Hewlett Packard Enterprise Co (NYSE:HPE) EVP Alan Richard May sold 49,921 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $15.00, for a total value of $748,815.00. Following the sale, the executive vice president now directly owns 50,158 shares of the company’s stock, valued at approximately $752,370. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, January 12th, Alan Richard May sold 50,158 shares of Hewlett Packard Enterprise stock. The stock was sold at an average price of $15.50, for a total value of $777,449.00.
  • On Tuesday, December 12th, Alan Richard May sold 7,607 shares of Hewlett Packard Enterprise stock. The stock was sold at an average price of $14.42, for a total value 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 value of $592,396.00.

Hewlett Packard Enterprise Co (HPE) traded down $0.14 during trading on Wednesday, reaching $16.40. The company’s stock had a trading volume of 12,416,717 shares, compared to its average volume of 9,810,000. Hewlett Packard Enterprise Co has a 1 year low of $12.81 and a 1 year high of $19.16. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.01 and a current ratio of 1.13. The company has a market capitalization of $26,140.00 and a PE ratio of 65.60.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio is presently 120.00%.

Hewlett Packard Enterprise declared that its board has initiated a share buyback plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein reissued a “buy” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Zacks Investment Research cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Morgan Stanley restated a “hold” rating and issued a $14.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. TheStreet upgraded Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research report on Monday, October 16th. Finally, Robert W. Baird restated a “hold” rating and issued a $15.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have assigned a buy rating to the stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $16.17.

Several large investors have recently added to or reduced their stakes in the company. Dodge & Cox grew its holdings in shares of Hewlett Packard Enterprise by 12.2% during the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after purchasing an additional 25,852,541 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 1.4% during the second quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock worth $1,839,114,000 after purchasing an additional 1,508,612 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 19.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 80,484,863 shares of the technology company’s stock worth $1,183,932,000 after purchasing an additional 13,150,243 shares during the last quarter. Pzena Investment Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 69.7% during the third quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock worth $552,520,000 after purchasing an additional 15,431,606 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Hewlett Packard Enterprise by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 19,353,258 shares of the technology company’s stock worth $321,088,000 after purchasing an additional 779,447 shares during the last quarter. Institutional investors own 83.73% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/01/31/hewlett-packard-enterprise-company-hpe-evp-alan-richard-may-sells-49921-shares-of-stock.html.

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)

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply