Hewlett Packard Enterprise Company (NYSE:HPE) 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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded up 1.93% during trading on Thursday, reaching $13.48. The company’s stock had a trading volume of 16,071,715 shares. The firm’s 50-day moving average is $13.61 and its 200 day moving average is $13.66. Hewlett Packard Enterprise Company has a 52-week low of $12.26 and a 52-week high of $14.86. The company has a market cap of $22.15 billion, a PE ratio of 10.22 and a beta of 2.72.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts predict that Hewlett Packard Enterprise Company will post $1.40 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.93%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is presently 371.48%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guardian Life Insurance Co. of America lifted its stake in Hewlett Packard Enterprise by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock worth $152,000 after purchasing an additional 43 shares during the last quarter. Buckingham Asset Management LLC lifted its stake in Hewlett Packard Enterprise by 0.5% during the first quarter. Buckingham Asset Management LLC now owns 19,748 shares of the technology company’s stock worth $468,000 after purchasing an additional 106 shares during the last quarter. Tdam USA Inc. lifted its stake in Hewlett Packard Enterprise by 0.9% during the first quarter. Tdam USA Inc. now owns 17,792 shares of the technology company’s stock worth $422,000 after purchasing an additional 162 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its stake in Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after purchasing an additional 200 shares during the last quarter. Finally, Cleararc Capital Inc. lifted its stake in Hewlett Packard Enterprise by 0.5% during the first quarter. Cleararc Capital Inc. now owns 40,716 shares of the technology company’s stock worth $965,000 after purchasing an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.

HPE has been the subject of a number of research reports. BidaskClub downgraded Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, August 18th. Robert W. Baird reiterated a “hold” rating and issued a $19.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, June 7th. Deutsche Bank AG reduced their price objective on Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. Finally, Barclays PLC reiterated a “sell” rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 8th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $19.03.

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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