Neil Macdonald Sells 24,251 Shares of Hewlett Packard Enterprise (NYSE:HPE) Stock

Hewlett Packard Enterprise Company (NYSE:HPEGet Free Report) EVP Neil Macdonald sold 24,251 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $27.01, for a total value of $655,019.51. Following the sale, the executive vice president directly owned 32,243 shares in the company, valued at approximately $870,883.43. The trade was a 42.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hewlett Packard Enterprise Stock Down 0.8%

Shares of NYSE HPE opened at $28.54 on Thursday. Hewlett Packard Enterprise Company has a 1 year low of $15.31 and a 1 year high of $29.63. The firm has a market cap of $37.87 billion, a price-to-earnings ratio of -150.23, a PEG ratio of 0.74 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.75 and a current ratio of 1.03. The stock’s 50-day simple moving average is $23.14 and its 200-day simple moving average is $23.12.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.31 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. As a group, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.96 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HPE. Truist Financial assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They set a “buy” rating and a $31.00 target price on the stock. Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, March 10th. Citigroup boosted their price objective on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $29.00 price objective (down from $30.00) on shares of Hewlett Packard Enterprise in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.71.

Read Our Latest Report on HPE

Institutional Trading of Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently modified their holdings of HPE. Capital World Investors acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $901,751,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $433,537,000. Jericho Capital Asset Management L.P. bought a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $416,900,000. Norges Bank bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $185,969,000. Finally, Holocene Advisors LP bought a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $144,468,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Hewlett Packard Enterprise

Here are the key news stories impacting Hewlett Packard Enterprise this week:

About Hewlett Packard Enterprise

(Get Free Report)

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.

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Insider Buying and Selling by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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