Hewlett Packard Enterprise Company (NYSE:HPE) CFO Timothy C. Stonesifer sold 56,170 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $13.79, for a total transaction of $774,584.30. Following the completion of the sale, the chief financial officer now owns 177,634 shares of the company’s stock, valued at $2,449,572.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the 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 quarter in the prior year, the firm earned $0.49 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 2.5% on a year-over-year basis.

Hewlett Packard Enterprise declared that its Board of Directors has approved a share buyback program on Wednesday, October 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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Several equities research analysts have weighed in on HPE shares. Royal Bank Of Canada restated a “hold” rating and issued a $15.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 11th. KeyCorp restated a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Friday, October 20th. UBS AG downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $15.00 in a research note on Friday, October 20th. BidaskClub downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Robert W. Baird restated a “hold” rating and issued a $16.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $17.79.

A number of institutional investors have recently made changes to their positions in HPE. Paloma Partners Management Co raised its position in 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 buying an additional 306,627 shares during the last quarter. Shelton Capital Management raised its position in 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 buying an additional 35,441 shares during the last quarter. Jane Street Group LLC raised its position in 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 buying an additional 34,559 shares during the last quarter. Whitebox Advisors LLC raised its position in 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 buying an additional 537,553 shares during the last quarter. Finally, Cambria Investment Management L.P. raised its position in 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 buying an additional 5,609 shares during the last quarter. Institutional investors own 81.16% of the company’s stock.

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).

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

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