Hewlett Packard Enterprise Company (HPE) EVP Henry Gomez Sells 55,200 Shares of Stock

Hewlett Packard Enterprise Company (NYSE:HPE) EVP Henry Gomez sold 55,200 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $13.53, for a total transaction of $746,856.00. Following the completion of the transaction, the executive vice president now owns 45,004 shares of the company’s stock, valued at approximately $608,904.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Henry Gomez also recently made the following trade(s):

  • On Tuesday, September 26th, Henry Gomez sold 494,360 shares of Hewlett Packard Enterprise stock. The stock was sold at an average price of $14.87, for a total transaction of $7,351,133.20.

Shares of Hewlett Packard Enterprise Company (NYSE HPE) traded down $0.16 during trading hours on Friday, hitting $13.44. 927,123 shares of the stock were exchanged, compared to its average volume of 11,010,715. The firm has a market capitalization of $22.07 billion, a PE ratio of 8.41 and a beta of 2.59.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The business had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.38 earnings per share for the current fiscal year.

Hewlett Packard Enterprise announced that its Board of Directors has approved a share repurchase plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

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HPE has been the subject of several research reports. Royal Bank Of Canada restated a “hold” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, July 12th. Mizuho restated a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, July 12th. BidaskClub upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Maxim Group restated a “hold” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, July 14th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $22.00 price target on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hewlett Packard Enterprise has an average rating of “Hold” and an average target price of $17.79.

Several large investors have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its holdings in shares of Hewlett Packard Enterprise by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares during the last quarter. Westside Investment Management Inc. raised its holdings in Hewlett Packard Enterprise by 1.5% during the second quarter. Westside Investment Management Inc. now owns 17,432 shares of the technology company’s stock worth $292,000 after purchasing an additional 250 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Hewlett Packard Enterprise by 4.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after purchasing an additional 266 shares in the last quarter. Meridian Investment Counsel Inc. raised its holdings in Hewlett Packard Enterprise by 1.5% during the second quarter. Meridian Investment Counsel Inc. now owns 23,557 shares of the technology company’s stock worth $391,000 after purchasing an additional 350 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. raised its holdings in Hewlett Packard Enterprise by 1.4% during the second quarter. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company’s stock worth $409,000 after purchasing an additional 352 shares in the last quarter. 81.16% of the stock is owned by institutional investors and hedge funds.

About Hewlett Packard Enterprise

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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