Hewlett Packard Enterprise (NYSE:HPE) CEO Antonio Neri Sells 150,000 Shares

Hewlett Packard Enterprise Company (NYSE:HPE) CEO Antonio Neri sold 150,000 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $26.50, for a total transaction of $3,975,000.00. Following the transaction, the chief executive officer directly owned 1,687,329 shares in the company, valued at approximately $44,714,218.50. The trade was a 8.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hewlett Packard Enterprise Trading Up 3.5%

Shares of HPE stock traded up $0.97 on Tuesday, hitting $28.78. 22,865,006 shares of the stock traded hands, compared to its average volume of 18,065,775. The firm’s 50-day moving average price is $22.95 and its two-hundred day moving average price is $23.06. 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 has a market capitalization of $38.18 billion, a PE ratio of -151.45, a PEG ratio of 0.68 and a beta of 1.20. Hewlett Packard Enterprise Company has a twelve month low of $14.91 and a twelve month high of $29.63.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The company’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. 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, analysts anticipate that Hewlett Packard Enterprise Company will post 1.96 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.57 annualized dividend and a dividend yield of 2.0%. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 10th. Raymond James Financial reaffirmed an “outperform” rating and issued a $29.00 target price (down from $30.00) on shares of Hewlett Packard Enterprise in a research report on Monday, April 13th. Bank of America upped their target price on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Finally, Citigroup upped their target price on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.71.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Hewlett Packard Enterprise by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company’s stock valued at $4,156,870,000 after buying an additional 1,917,719 shares during the last quarter. Capital World Investors acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $901,751,000. Geode Capital Management LLC increased its stake in Hewlett Packard Enterprise by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 34,869,143 shares of the technology company’s stock worth $835,626,000 after purchasing an additional 431,728 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $433,537,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in Hewlett Packard Enterprise during the third quarter worth about $416,900,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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.