Hewlett Packard Enterprise (NYSE:HPE) SVP Jeremy Cox Sells 11,577 Shares of Stock

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

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 shares were sold at an average price of $23.00, for a total value of $178,733.00.

Hewlett Packard Enterprise Stock Down 1.1 %

Shares of NYSE HPE opened at $22.03 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average of $21.57 and a 200-day moving average of $20.23. The firm has a market capitalization of $28.98 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.02 and a beta of 1.20. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.24.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HPE shares. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Loop Capital boosted their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Stifel Nicolaus lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Institutional Trading of Hewlett Packard Enterprise

A number of hedge funds have recently made changes to their positions in HPE. RPg Family Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. lifted its stake in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Hewlett Packard Enterprise during the 2nd quarter valued at $28,000. Finally, Financial Management Professionals Inc. raised its holdings in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Company Profile

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.