Gary Reiner Sells 40,000 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Hewlett Packard Enterprise Company (NYSE:HPE) Director Gary Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director directly owned 83,869 shares of the company’s stock, valued at $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Hewlett Packard Enterprise Trading Up 2.1%

Hewlett Packard Enterprise stock opened at $25.26 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $21.90 and a two-hundred day moving average price of $18.65. The firm has a market capitalization of $33.33 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 2.54 and a beta of 1.43. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $25.35.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is presently 63.41%.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Putney Financial Group LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new stake in Hewlett Packard Enterprise during the second quarter valued at approximately $26,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. CVA Family Office LLC lifted its stake in Hewlett Packard Enterprise by 126.7% during the second quarter. CVA Family Office LLC now owns 1,437 shares of the technology company’s stock valued at $29,000 after purchasing an additional 803 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at approximately $31,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HPE. Citigroup boosted their target price on shares of Hewlett Packard Enterprise from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Loop Capital boosted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, June 9th. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Barclays boosted their price target on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, July 3rd. Finally, Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.81.

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.