Hewlett Packard Enterprise Co. (NYSE:HPE) EVP Christopher P. Hsu sold 4,780 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $23.12, for a total transaction of $110,513.60. Following the completion of the sale, the executive vice president now directly owns 71,219 shares in the company, valued at $1,646,583.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hewlett Packard Enterprise Co. (NYSE:HPE) traded down 1.08% during trading on Tuesday, hitting $22.87. 24,166,741 shares of the company were exchanged. The company has a 50-day moving average of $22.42 and a 200-day moving average of $20.60. The company has a market capitalization of $38.09 billion and a price-to-earnings ratio of 9.54. Hewlett Packard Enterprise Co. has a 12 month low of $11.62 and a 12 month high of $23.85.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The company earned $12.50 billion during the quarter, compared to analysts’ expectations of $12.85 billion. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. Analysts forecast that Hewlett Packard Enterprise Co. will post $1.92 EPS for the current year.

Insider Buying and Selling by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 dividend on an annualized basis and a yield of 1.14%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s payout ratio is presently 9.17%.

Several research firms have commented on HPE. Vetr lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating and set a $23.99 price target on the stock. in a report on Monday, November 7th. Wells Fargo & Co. lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating in a report on Thursday, September 8th. Barclays PLC upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, September 8th. Mizuho upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, September 8th. Finally, Brean Capital reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.49.

A number of institutional investors have recently made changes to their positions in HPE. RWC Asset Management LLP boosted its position in shares of Hewlett Packard Enterprise by 384,836.2% in the third quarter. RWC Asset Management LLP now owns 573,555 shares of the company’s stock worth $13,048,000 after buying an additional 573,406 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Hewlett Packard Enterprise by 70.7% in the third quarter. D.A. Davidson & CO. now owns 8,571 shares of the company’s stock worth $194,000 after buying an additional 3,549 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $8,087,000. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Hewlett Packard Enterprise by 0.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 673,247 shares of the company’s stock worth $15,315,000 after buying an additional 3,115 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $10,770,000. Institutional investors own 79.61% of the company’s stock.

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Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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