Hewlett Packard Enterprise (NYSE:HPE) SVP Sells $178,733.00 in Stock

Hewlett Packard Enterprise (NYSE:HPE) SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the sale, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at $1,419,905. The trade was a 11.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, October 8th, Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $21.83 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.24. The firm’s 50-day simple moving average is $21.02 and its 200-day simple moving average is $19.99. The firm has a market cap of $28.35 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 3.74 and a beta of 1.21.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 price objective on the stock. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday. Finally, Stifel Nicolaus lifted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.79.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $26,000. Hazlett Burt & Watson Inc. lifted its position in shares of Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after buying an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $28,000. Finally, Financial Management Professionals Inc. grew its position in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after buying an additional 637 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

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.