Hewlett Packard Enterprise Co (NYSE:HPE) CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $17.82, for a total value of $6,943,883.76. Following the completion of the sale, the chief executive officer now directly owns 962,433 shares of the company’s stock, valued at $17,150,556.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Hewlett Packard Enterprise Co (HPE) traded down 0.34% during trading on Thursday, hitting $17.55. The stock had a trading volume of 10,228,387 shares. The company has a market cap of $28.83 billion, a P/E ratio of 13.31 and a beta of 2.74. Hewlett Packard Enterprise Co has a 12-month low of $15.06 and a 12-month high of $19.16. The company has a 50 day moving average of $16.97 and a 200-day moving average of $17.59.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Hewlett Packard Enterprise had a negative return on equity of 6.46% and a negative net margin of 6.54%. The company had revenue of $9.90 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the firm posted $0.42 EPS. The business’s revenue was down 22.1% compared to the same quarter last year. On average, equities analysts predict that Hewlett Packard Enterprise Co will post $1.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is currently 20.16%.

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A number of hedge funds and other institutional investors have recently modified their holdings of HPE. Whittier Trust Co. of Nevada Inc. raised its position in shares of Hewlett Packard Enterprise by 4.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after buying an additional 266 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of Hewlett Packard Enterprise by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after buying an additional 675 shares during the last quarter. Reilly Financial Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock valued at $119,000 after buying an additional 250 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Hewlett Packard Enterprise during the first quarter valued at $125,000. Finally, Harfst & Associates Inc. purchased a new position in shares of Hewlett Packard Enterprise during the first quarter valued at $127,000. 80.88% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on HPE. Jefferies Group LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Maxim Group reissued a “hold” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, July 14th. BidaskClub raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Mizuho reissued a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $21.87.

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).

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

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