Hewlett Packard Enterprise Co (HPE) Insider Sells $1,630,406.96 in Stock

Hewlett Packard Enterprise Co (NYSE:HPE) insider Keerti Melkote sold 102,284 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total transaction of $1,630,406.96. Following the sale, the insider now directly owns 102,284 shares of the company’s stock, valued at approximately $1,630,406.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Keerti Melkote also recently made the following trade(s):

  • On Wednesday, August 15th, Keerti Melkote sold 87,113 shares of Hewlett Packard Enterprise stock. The stock was sold at an average price of $15.96, for a total transaction of $1,390,323.48.

Shares of HPE opened at $16.25 on Friday. Hewlett Packard Enterprise Co has a 12-month low of $12.81 and a 12-month high of $19.48. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $23.37 billion, a P/E ratio of 16.93, a PEG ratio of 0.91 and a beta of 1.61.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. Hewlett Packard Enterprise had a return on equity of 9.38% and a net margin of 10.43%. The company had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same period last year, the business earned $0.30 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Hewlett Packard Enterprise Co will post 1.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio is currently 46.88%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Hewlett Packard Enterprise by 16,531.4% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock worth $124,000 after purchasing an additional 8,431 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth $137,000. Farmers Trust Co. bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $150,000. North Star Investment Management Corp. bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $150,000. Finally, Ferguson Wellman Capital Management Inc. bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth $158,000. Institutional investors own 82.87% of the company’s stock.

Several analysts have recently commented on HPE shares. Deutsche Bank raised their price objective on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Oppenheimer set a $20.00 price objective on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, July 16th. UBS Group started coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, September 26th. They set a “hold” rating and a $17.00 price objective for the company. Finally, Maxim Group reaffirmed a “hold” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.65.

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Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

Further Reading: How can you know how many shares are floating?

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

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