Today, Traders Sell Shares of Hewlett Packard Enterprise Co. (HPE) on Strength After Analyst Downgrade

Today, Traders Sell Shares of Hewlett Packard Enterprise Co. (HPE) on Strength After Analyst Downgrade

Investors sold shares of Hewlett Packard Enterprise Co. (NYSE:HPE) on strength during trading on Monday after Jefferies Group lowered their price target on the stock from $29.00 to $27.00. $45.11 million flowed into the stock on the tick-up and $80.68 million flowed out of the stock on the tick-down, for a money net flow of $35.57 million out of the stock. Of all companies tracked, Hewlett Packard Enterprise had the 17th highest net out-flow for the day. Hewlett Packard Enterprise traded up $0.12 for the day and closed at $23.34

HPE has been the subject of a number of other reports. Needham & Company LLC reiterated a “buy” rating and set a $24.00 price target (up from $22.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, September 8th. Robert W. Baird reiterated a “hold” rating and set a $24.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 23rd. Raymond James Financial Inc. upgraded shares of Hewlett Packard Enterprise from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $23.60 to $29.00 in a research report on Friday, November 18th. Sanford C. Bernstein reiterated an “outperform” rating and set a $24.50 price target on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 20th. Finally, Wells Fargo & Co. reiterated a “market perform” rating on shares of Hewlett Packard Enterprise in a research report on Friday, November 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have given a buy rating to the stock. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus target price of $22.80.

In other news, EVP John F. Schultz sold 12,555 shares of Hewlett Packard Enterprise stock in a transaction on Monday, November 21st. The shares were sold at an average price of $23.46, for a total value of $294,540.30. Following the transaction, the executive vice president now directly owns 79,447 shares of the company’s stock, valued at approximately $1,863,826.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael G. Nefkens sold 107,500 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $22.00, for a total transaction of $2,365,000.00. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at about $100,000. Ledyard National Bank boosted its position in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock valued at $100,000 after buying an additional 36 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock valued at $103,000 after buying an additional 2,501 shares in the last quarter. Kernodle & Katon Asset Management Group LLC purchased a new position in shares of Hewlett Packard Enterprise during the third quarter valued at about $103,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Hewlett Packard Enterprise by 10.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,739 shares of the company’s stock valued at $108,000 after buying an additional 441 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

The stock has a market cap of $38.87 billion and a P/E ratio of 9.74. The stock’s 50-day moving average is $22.45 and its 200 day moving average is $20.67.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The company earned $12.50 billion during the quarter, compared to the consensus estimate of $12.85 billion. During the same quarter last year, the company earned $0.52 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was down 7.2% on a year-over-year basis. Equities analysts anticipate that Hewlett Packard Enterprise Co. will post $2.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be given a $0.065 dividend. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 annualized dividend and a yield of 1.11%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 12.02%.

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