Insider Selling: Hewlett Packard Enterprise (NYSE:HPE) SVP Sells $266,271.00 in Stock

Hewlett Packard Enterprise (NYSE:HPE) SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jeremy Cox also recently made the following trade(s):

• On Friday, December 6th, Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $22.14 on Friday. The company has a 50 day moving average price of $21.66 and a two-hundred day moving average price of $20.26. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.24. The stock has a market capitalization of $29.12 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Institutional Trading of Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently modified their holdings of the company. Avior Wealth Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 6.4% in the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock worth $198,000 after buying an additional 579 shares during the last quarter. Werba Rubin Papier Wealth Management lifted its stake in shares of Hewlett Packard Enterprise by 2.5% in the third quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock worth $483,000 after buying an additional 581 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its stake in shares of Hewlett Packard Enterprise by 4.4% in the third quarter. Cutter & CO Brokerage Inc. now owns 13,924 shares of the technology company’s stock worth $285,000 after buying an additional 589 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its stake in shares of Hewlett Packard Enterprise by 0.5% in the second quarter. Elo Mutual Pension Insurance Co now owns 119,347 shares of the technology company’s stock worth $2,527,000 after buying an additional 598 shares during the last quarter. Finally, Rise Advisors LLC increased its position in Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after acquiring an additional 625 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HPE has been the subject of several research reports. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Stifel Nicolaus raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, December 19th. Finally, Barclays raised their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.00.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.