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

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 stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through 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 stock was sold at an average price of $23.00, for a total value of $178,733.00.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded down $0.25 during trading hours on Wednesday, hitting $22.03. The company’s stock had a trading volume of 14,519,992 shares, compared to its average volume of 13,675,958. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.24. The company’s 50 day simple moving average is $21.54 and its two-hundred day simple moving average is $20.22. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The company has a market cap of $28.98 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

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

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Hawaiian Bank boosted its stake in shares of Hewlett Packard Enterprise by 16.2% in the 4th quarter. First Hawaiian Bank now owns 30,611 shares of the technology company’s stock worth $654,000 after buying an additional 4,258 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of Hewlett Packard Enterprise by 27.7% during the 4th quarter. Fulton Bank N.A. now owns 13,501 shares of the technology company’s stock valued at $288,000 after purchasing an additional 2,928 shares during the period. Oliver Luxxe Assets LLC increased its position in shares of Hewlett Packard Enterprise by 2.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 237,451 shares of the technology company’s stock valued at $5,070,000 after purchasing an additional 5,689 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 23.8% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 20,776 shares of the technology company’s stock worth $444,000 after buying an additional 4,000 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after buying an additional 1,885,559 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HPE shares. Susquehanna restated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Stifel Nicolaus boosted their price objective 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. Loop Capital raised 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, December 9th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, December 19th. Finally, Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.00.

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.