Hewlett Packard Enterprise (NYSE:HPE) CEO Antonio Neri Sells 166,666 Shares

Hewlett Packard Enterprise Company (NYSE:HPE) CEO Antonio Neri sold 166,666 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the sale, the chief executive officer owned 1,919,060 shares of the company’s stock, valued at approximately $43,217,231.20. The trade was a 7.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hewlett Packard Enterprise Trading Down 0.1%

Shares of HPE stock opened at $22.55 on Wednesday. The company has a 50 day moving average of $20.49 and a 200-day moving average of $18.30. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. The firm has a market cap of $29.58 billion, a P/E ratio of 22.77, a PEG ratio of 3.28 and a beta of 1.37.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the business posted $0.42 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 5.9% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. Sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise’s payout ratio is currently 52.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HPE. Vanguard Group Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company’s stock worth $3,472,493,000 after acquiring an additional 2,604,059 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company’s stock worth $701,864,000 after acquiring an additional 724,974 shares during the last quarter. Elliott Investment Management L.P. bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth $381,004,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Hewlett Packard Enterprise by 15.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company’s stock worth $271,333,000 after acquiring an additional 2,373,850 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Hewlett Packard Enterprise by 3.4% during the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company’s stock worth $258,144,000 after acquiring an additional 545,775 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on HPE. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Wells Fargo & Company lifted their price objective on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, July 3rd. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research note on Friday, July 25th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, UBS Group boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.27.

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.