Jeremy Cox Sells 11,577 Shares of Hewlett Packard Enterprise (NYSE:HPE) 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 value of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 stock was 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 HPE stock opened at $22.03 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.24. The stock has a market capitalization of $28.98 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.02 and a beta of 1.20. The firm’s 50 day moving average is $21.57 and its 200 day moving average is $20.23.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Stifel Nicolaus lifted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HPE. First Hawaiian Bank increased its holdings in Hewlett Packard Enterprise by 16.2% during the fourth quarter. First Hawaiian Bank now owns 30,611 shares of the technology company’s stock valued at $654,000 after buying an additional 4,258 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of Hewlett Packard Enterprise by 27.7% in the 4th quarter. Fulton Bank N.A. now owns 13,501 shares of the technology company’s stock worth $288,000 after purchasing an additional 2,928 shares in the last quarter. Oliver Luxxe Assets LLC raised its holdings in Hewlett Packard Enterprise by 2.5% in the 4th quarter. Oliver Luxxe Assets LLC now owns 237,451 shares of the technology company’s stock worth $5,070,000 after purchasing an additional 5,689 shares during the period. Neville Rodie & Shaw Inc. lifted its position in Hewlett Packard Enterprise by 23.8% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 20,776 shares of the technology company’s stock valued at $444,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after purchasing an additional 1,885,559 shares during the period. Institutional investors own 80.78% of the company’s stock.

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.