Investors purchased shares of Hewlett Packard Enterprise Co. (NYSE:HPE) on weakness during trading on Friday after an insider sold shares in the company. $81.62 million flowed into the stock on the tick-up and $42.66 million flowed out of the stock on the tick-down, for a money net flow of $38.96 million into the stock. Of all companies tracked, Hewlett Packard Enterprise had the 12th highest net in-flow for the day. Hewlett Packard Enterprise traded down ($0.15) for the day and closed at $22.75Specifically, Director Ann M. Livermore sold 44,000 shares of the stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $22.65, for a total value of $996,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F. Schultz sold 316,164 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $22.84, for a total value of $7,221,185.76. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.
Several research analysts have commented on HPE shares. Bank of America Corp. reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, June 8th. Wells Fargo & Co. reissued a “buy” rating on shares of Hewlett Packard Enterprise in a report on Monday, July 11th. Mizuho increased their price objective 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. Brean Capital reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Monday, June 6th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Hewlett Packard Enterprise in a report on Sunday, July 10th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average target price of $21.03.
The stock’s 50-day moving average is $22.09 and its 200 day moving average is $19.21. The firm has a market cap of $37.89 billion and a P/E ratio of 9.49.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The company earned $12.20 billion during the quarter, compared to analysts’ expectations of $12.64 billion. The company’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities research analysts predict that Hewlett Packard Enterprise Co. will post $1.92 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.22 annualized dividend and a yield of 0.97%. Hewlett Packard Enterprise’s payout ratio is 9.17%.
A number of institutional investors have recently bought and sold shares of the stock. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Hewlett Packard Enterprise during the second quarter valued at $100,000. Citizens Financial Group Inc RI raised its position in Hewlett Packard Enterprise by 22.6% in the first quarter. Citizens Financial Group Inc RI now owns 5,809 shares of the company’s stock valued at $103,000 after buying an additional 1,069 shares during the last quarter. MCF Advisors LLC raised its position in Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock valued at $103,000 after buying an additional 2,501 shares during the last quarter. Ropes Wealth Advisors LLC raised its position in Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock valued at $146,000 after buying an additional 195 shares during the last quarter. Finally, Cedar Wealth Management LLC raised its position in Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock valued at $150,000 after buying an additional 1,251 shares during the last quarter. Institutional investors own 80.51% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.
Receive News & Ratings for Hewlett Packard Enterprise Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Co. and related companies with MarketBeat.com's FREE daily email newsletter.