Hewlett Packard Enterprise (NYSE:HPE) Director Sells $84,534.71 in Stock

Hewlett Packard Enterprise (NYSE:HPE) Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $13.75 on Friday. The company has a market cap of $18.07 billion, a P/E ratio of 7.24, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm’s fifty day moving average is $17.67 and its two-hundred day moving average is $20.12.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.78%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. Raymond James Financial Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $292,959,000. Norges Bank bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth $119,067,000. Slate Path Capital LP raised its stake in Hewlett Packard Enterprise by 44.8% during the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock valued at $270,914,000 after purchasing an additional 3,924,039 shares in the last quarter. Northern Trust Corp raised its stake in Hewlett Packard Enterprise by 24.7% during the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company’s stock valued at $345,534,000 after purchasing an additional 3,208,424 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 1,382.5% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company’s stock worth $70,447,000 after buying an additional 3,077,046 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Daiwa America lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Wednesday, March 12th. Wells Fargo & Company cut their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Morgan Stanley downgraded Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective on the stock. in a research note on Tuesday. Finally, Susquehanna cut their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and an average price target of $20.60.

Hewlett Packard Enterprise Company Profile

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.