Insider Selling: Hewlett Packard Enterprise (NYSE:HPE) SVP Sells 11,577 Shares of Stock

Hewlett Packard Enterprise (NYSE:HPE) SVP Jeremy Cox sold 11,577 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jeremy Cox also recently made the following trade(s):

• On Friday, December 6th, Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00.

Hewlett Packard Enterprise Trading Down 1.1 %

Shares of Hewlett Packard Enterprise stock opened at $22.03 on Friday. The business has a fifty day simple moving average of $21.62 and a 200-day simple moving average of $20.25. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.24. The firm has a market cap of $28.98 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.36%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Institutional Trading of Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently made changes to their positions in HPE. Commonwealth Equity Services LLC lifted its position in shares of Hewlett Packard Enterprise by 3.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 168,995 shares of the technology company’s stock valued at $3,578,000 after acquiring an additional 6,390 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $360,000. Great Lakes Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 489.7% in the 2nd quarter. Great Lakes Advisors LLC now owns 133,536 shares of the technology company’s stock valued at $2,827,000 after purchasing an additional 110,890 shares during the period. Caprock Group LLC raised its holdings in Hewlett Packard Enterprise by 240.7% during the 2nd quarter. Caprock Group LLC now owns 83,433 shares of the technology company’s stock worth $1,777,000 after buying an additional 58,941 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Hewlett Packard Enterprise during the second quarter valued at about $28,000. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HPE shares. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $23.00 to $29.00 in a report on Monday, November 18th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Stifel Nicolaus boosted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Thursday, December 19th. Finally, Susquehanna reissued a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

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.