Insider Selling: Hewlett Packard Enterprise (NYSE:HPE) SVP Sells 7,771 Shares of Stock

Hewlett Packard Enterprise (NYSE:HPE) SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the sale, the senior vice president now directly owns 61,735 shares in the company, valued at $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, October 8th, Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $21.00, for a total value of $163,170.00.

Hewlett Packard Enterprise Trading Down 5.1 %

NYSE HPE traded down $1.19 on Tuesday, hitting $21.92. 20,623,722 shares of the stock were exchanged, compared to its average volume of 15,295,722. The company’s 50-day moving average price is $20.96 and its two-hundred day moving average price is $19.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.24. The company has a market capitalization of $28.47 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 3.74 and a beta of 1.21.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is 27.37%.

Analysts Set New Price Targets

HPE has been the subject of a number of recent analyst reports. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the company from $23.00 to $26.00 in a research report on Friday. Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.79.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at $28,000. Hazlett Burt & Watson Inc. increased its stake in Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after buying an additional 1,143 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its stake in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

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.