Insider Selling: Hewlett Packard Enterprise Co (NYSE:HPE) Insider Sells 10,088 Shares of Stock

Hewlett Packard Enterprise Co (NYSE:HPE) insider Philip Davis sold 10,088 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $14.96, for a total transaction of $150,916.48. Following the completion of the transaction, the insider now owns 15,423 shares of the company’s stock, valued at $230,728.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Philip Davis also recently made the following trade(s):

  • On Wednesday, June 5th, Philip Davis sold 16,412 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $14.33, for a total transaction of $235,183.96.

HPE traded up $0.06 during trading hours on Thursday, hitting $14.75. The stock had a trading volume of 6,578,848 shares, compared to its average volume of 10,266,521. The firm’s fifty day simple moving average is $14.60. Hewlett Packard Enterprise Co has a 1 year low of $12.09 and a 1 year high of $17.59. The stock has a market capitalization of $19.64 billion, a PE ratio of 9.46, a PEG ratio of 1.37 and a beta of 1.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.80 and a current ratio of 0.93.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.06. The company had revenue of $7.15 billion during the quarter, compared to the consensus estimate of $7.38 billion. Hewlett Packard Enterprise had a return on equity of 12.32% and a net margin of 0.95%. Hewlett Packard Enterprise’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. Analysts predict that Hewlett Packard Enterprise Co will post 1.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a $0.112 dividend. This represents a $0.45 annualized dividend and a yield of 3.04%. The ex-dividend date is Tuesday, September 10th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 28.85%.

Several research firms recently commented on HPE. Longbow Research began coverage on shares of Hewlett Packard Enterprise in a research note on Friday, June 21st. They set a “neutral” rating and a $15.00 target price for the company. Zacks Investment Research downgraded shares of Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Nomura lowered their target price on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. Evercore ISI initiated coverage on shares of Sensata Technologies in a research report on Wednesday, June 5th. They issued an “in-line” rating and a $50.00 price target on the stock. Finally, Daiwa Capital Markets started coverage on shares of Hewlett Packard Enterprise in a report on Monday, April 1st. They set a “hold” rating and a $16.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in shares of Hewlett Packard Enterprise by 2.6% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 24,146 shares of the technology company’s stock worth $373,000 after purchasing an additional 621 shares in the last quarter. Private Ocean LLC raised its holdings in shares of Hewlett Packard Enterprise by 34.9% during the first quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock valued at $40,000 after acquiring an additional 668 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Hewlett Packard Enterprise by 4.9% during the fourth quarter. Stephens Inc. AR now owns 16,877 shares of the technology company’s stock valued at $223,000 after acquiring an additional 788 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Hewlett Packard Enterprise by 7.2% during the first quarter. Signaturefd LLC now owns 12,353 shares of the technology company’s stock valued at $191,000 after acquiring an additional 834 shares in the last quarter. Finally, Boston Private Wealth LLC raised its holdings in shares of Hewlett Packard Enterprise by 1.5% during the second quarter. Boston Private Wealth LLC now owns 64,429 shares of the technology company’s stock valued at $963,000 after acquiring an additional 943 shares in the last quarter. Hedge funds and other institutional investors own 81.95% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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