Insider Selling: Hewlett Packard Enterprise Company (HPE) CEO Sells 132,192 Shares of Stock

Hewlett Packard Enterprise Company (NYSE:HPE) CEO Margaret C. Whitman sold 132,192 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the completion of the sale, the chief executive officer now owns 865,021 shares in the company, valued at approximately $14,454,500.91. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Hewlett Packard Enterprise Company (NYSE:HPE) traded up 0.66% on Thursday, hitting $16.68. 9,427,650 shares of the stock were exchanged. The stock has a market cap of $27.40 billion, a price-to-earnings ratio of 12.65 and a beta of 2.69. Hewlett Packard Enterprise Company has a 12 month low of $12.71 and a 12 month high of $19.16. The company has a 50-day moving average of $18.07 and a 200-day moving average of $17.73.

Hewlett Packard Enterprise Company (NYSE:HPE) last released its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Hewlett Packard Enterprise Company had a net margin of 4.85% and a return on equity of 9.80%. The firm had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The firm’s quarterly revenue was down 22.1% on a year-over-year basis. On average, equities analysts predict that Hewlett Packard Enterprise Company will post $1.43 EPS for the current year.

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

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in HPE. Dodge & Cox bought a new position in Hewlett Packard Enterprise Company during the fourth quarter valued at $4,831,636,000. Vanguard Group Inc. boosted its position in Hewlett Packard Enterprise Company by 3.9% in the first quarter. Vanguard Group Inc. now owns 109,348,198 shares of the technology company’s stock valued at $2,591,553,000 after buying an additional 4,103,276 shares during the last quarter. BlackRock Inc. boosted its position in Hewlett Packard Enterprise Company by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock valued at $2,356,975,000 after buying an additional 95,915,907 shares during the last quarter. Primecap Management Co. CA boosted its position in Hewlett Packard Enterprise Company by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock valued at $1,455,116,000 after buying an additional 5,394,147 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in Hewlett Packard Enterprise Company by 35.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 50,742,312 shares of the technology company’s stock valued at $1,202,593,000 after buying an additional 13,343,212 shares during the last quarter. 81.33% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on HPE shares. BMO Capital Markets restated a “market perform” rating and issued a $24.00 target price (down previously from $27.00) on shares of Hewlett Packard Enterprise Company in a report on Thursday, February 23rd. Wells Fargo & Company restated a “market perform” rating and issued a $23.00 target price (up previously from $22.00) on shares of Hewlett Packard Enterprise Company in a report on Friday, February 24th. Needham & Company LLC lowered shares of Hewlett Packard Enterprise Company from a “buy” rating to a “hold” rating in a report on Friday, February 24th. Jefferies Group LLC restated a “buy” rating and issued a $27.00 target price on shares of Hewlett Packard Enterprise Company in a report on Friday, February 24th. Finally, Zacks Investment Research lowered shares of Hewlett Packard Enterprise Company from a “hold” rating to a “sell” rating in a report on Monday, February 27th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.08.

About Hewlett Packard Enterprise Company

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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