Investors Sell Shares of Hewlett Packard Enterprise (HPE) on Strength (HPE)

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 equities 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 research firms have weighed in on HPE. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Gabelli reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Maxim Group reaffirmed a “hold” rating and issued a $15.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Royal Bank of Canada reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Finally, UBS reissued a “hold” rating and set a $15.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.49.

The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43. The stock has a market cap of $23,220.00 and a PE ratio of 11.03.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.06%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 96.30%.

Hewlett Packard Enterprise declared that its board has initiated a stock repurchase program on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, CEO Margaret C. Whitman sold 249,052 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $13.14, for a total transaction of $3,272,543.28. Following the transaction, the chief executive officer now directly owns 892,118 shares in the company, valued at approximately $11,722,430.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Alan Richard May sold 42,314 shares of Hewlett Packard Enterprise stock in a transaction that occurred on 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,962,587 shares of company stock worth $41,881,180. 0.87% of the stock is owned by corporate insiders.

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