Traders sold shares of Hewlett Packard Enterprise Company (NYSE:HPE) on strength during trading on Monday. $12.28 million flowed into the stock on the tick-up and $51.92 million flowed out of the stock on the tick-down, for a money net flow of $39.64 million out of the stock. Of all stocks tracked, Hewlett Packard Enterprise had the 0th highest net out-flow for the day. Hewlett Packard Enterprise traded up $0.24 for the day and closed at $14.58

Several analysts have recently issued reports on the company. Sanford C. Bernstein restated a “buy” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Loop Capital started coverage on Hewlett Packard Enterprise in a research report on Tuesday, August 22nd. They set a “hold” rating and a $17.00 target price on the stock. TheStreet upgraded Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research report on Monday, October 16th. Robert W. Baird reiterated a “hold” rating and set a $15.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Finally, Oppenheimer reiterated a “buy” rating and set a $17.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.49.

The stock has a market cap of $23,255.10, a P/E ratio of 11.22, a P/E/G ratio of 2.45 and a beta of 2.48. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.78 billion. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. research analysts predict that Hewlett Packard Enterprise Company will post 1.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 2.07%. Hewlett Packard Enterprise’s dividend payout ratio is currently 123.82%.

Hewlett Packard Enterprise announced that its Board of Directors has approved a stock buyback program on Wednesday, October 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other news, EVP Alan Richard May sold 42,314 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $14.00, for a total value of $592,396.00. Following the completion of the sale, the executive vice president now owns 84,629 shares in the company, valued at $1,184,806. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Margaret C. Whitman sold 249,052 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $13.14, for a total value of $3,272,543.28. Following the completion of the sale, the chief executive officer now owns 892,118 shares of the company’s stock, valued at approximately $11,722,430.52. The disclosure for this sale can be found here. Insiders have sold 2,962,587 shares of company stock valued at $41,881,180 over the last 90 days. 0.87% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of HPE. WFG Advisors LP grew its stake in shares of Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after buying an additional 801 shares in the last quarter. Archford Capital Strategies LLC grew its stake in shares of Hewlett Packard Enterprise by 6,858.7% in the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after buying an additional 7,476 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake in shares of Hewlett Packard Enterprise by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares in the last quarter. Harfst & Associates Inc. grew its stake in shares of Hewlett Packard Enterprise by 42.5% in the second quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock valued at $127,000 after buying an additional 2,287 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of Hewlett Packard Enterprise by 13.2% in the second quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock valued at $137,000 after buying an additional 966 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.

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About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, 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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