Hewlett Packard Enterprise Company (NYSE:HPE) EVP Henry Gomez sold 55,200 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.53, for a total value of $746,856.00. Following the completion of the sale, the executive vice president now owns 45,004 shares in the company, valued at approximately $608,904.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Henry Gomez also recently made the following trade(s):

  • On Tuesday, September 26th, Henry Gomez sold 494,360 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $14.87, for a total value of $7,351,133.20.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same period last year, the firm posted $0.49 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis.

Hewlett Packard Enterprise announced that its board has initiated a stock buyback program on Wednesday, October 18th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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Several institutional investors have recently added to or reduced their stakes in HPE. Paloma Partners Management Co boosted its stake in shares of Hewlett Packard Enterprise by 193.7% during the 1st quarter. Paloma Partners Management Co now owns 464,900 shares of the technology company’s stock worth $11,018,000 after purchasing an additional 306,627 shares during the last quarter. Shelton Capital Management boosted its stake in shares of Hewlett Packard Enterprise by 54.9% during the 1st quarter. Shelton Capital Management now owns 100,000 shares of the technology company’s stock worth $2,370,000 after purchasing an additional 35,441 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Hewlett Packard Enterprise by 122.7% during the 1st quarter. Jane Street Group LLC now owns 62,734 shares of the technology company’s stock worth $1,487,000 after purchasing an additional 34,559 shares during the last quarter. Whitebox Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 23.2% during the 1st quarter. Whitebox Advisors LLC now owns 2,853,500 shares of the technology company’s stock worth $67,628,000 after purchasing an additional 537,553 shares during the last quarter. Finally, Cambria Investment Management L.P. boosted its stake in shares of Hewlett Packard Enterprise by 15.1% during the 1st quarter. Cambria Investment Management L.P. now owns 42,638 shares of the technology company’s stock worth $1,011,000 after purchasing an additional 5,609 shares during the last quarter. 81.16% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on HPE shares. Deutsche Bank AG cut their target price on Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, September 6th. Royal Bank Of Canada restated a “sector perform” rating and set a $15.00 target price (down previously from $20.00) on shares of Hewlett Packard Enterprise in a research report on Friday, September 1st. BidaskClub lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. ValuEngine upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $17.79.

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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