Investors Sell Shares of Hewlett Packard Enterprise (HPE) on Strength (HPE)

Investors sold shares of Hewlett Packard Enterprise Co (NYSE:HPE) on strength during trading hours on Tuesday. $22.34 million flowed into the stock on the tick-up and $69.00 million flowed out of the stock on the tick-down, for a money net flow of $46.66 million out of the stock. Of all equities tracked, Hewlett Packard Enterprise had the 24th highest net out-flow for the day. Hewlett Packard Enterprise traded up $0.11 for the day and closed at $16.60

Several equities analysts have weighed in on HPE shares. UBS Group cut Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and lowered their target price for the company from $17.00 to $13.00 in a research note on Tuesday, March 12th. Morgan Stanley cut Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $21.00 to $15.00 in a research note on Tuesday, January 15th. ValuEngine raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. BMO Capital Markets reaffirmed a “hold” rating and set a $16.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday, February 21st. Finally, Daiwa Capital Markets started coverage on Hewlett Packard Enterprise in a research note on Monday, April 1st. They set a “hold” rating and a $16.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.92.

The company has a market cap of $22.47 billion, a P/E ratio of 10.64, a P/E/G ratio of 1.58 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.94 and a quick ratio of 0.80.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, February 21st. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Hewlett Packard Enterprise had a return on equity of 11.31% and a net margin of 2.11%. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities analysts anticipate that Hewlett Packard Enterprise Co will post 1.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.1125 per share. The ex-dividend date is Tuesday, June 11th. This represents a $0.45 dividend on an annualized basis and a yield of 2.71%. Hewlett Packard Enterprise’s payout ratio is currently 28.85%.

In other Hewlett Packard Enterprise news, insider Philip Davis sold 13,974 shares of the company’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $15.00, for a total transaction of $209,610.00. Following the completion of the sale, the insider now owns 67,508 shares of the company’s stock, valued at $1,012,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Antonio F. Neri sold 398,145 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $16.50, for a total value of $6,569,392.50. Following the sale, the insider now directly owns 4,936 shares of the company’s stock, valued at approximately $81,444. The disclosure for this sale can be found here. Insiders have sold 1,702,360 shares of company stock valued at $27,895,760 in the last ninety days. Company insiders own 0.56% of the company’s stock.

A number of institutional investors have recently made changes to their positions in HPE. Bank of New York Mellon Corp boosted its position in Hewlett Packard Enterprise by 10.9% during the third quarter. Bank of New York Mellon Corp now owns 12,535,270 shares of the technology company’s stock worth $204,450,000 after purchasing an additional 1,229,369 shares during the period. Standard Life Aberdeen plc lifted its holdings in shares of Hewlett Packard Enterprise by 5.8% during the third quarter. Standard Life Aberdeen plc now owns 675,546 shares of the technology company’s stock worth $11,018,000 after buying an additional 36,807 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Hewlett Packard Enterprise by 9.3% during the third quarter. LPL Financial LLC now owns 86,033 shares of the technology company’s stock worth $1,403,000 after buying an additional 7,349 shares during the last quarter. BlueMountain Capital Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter worth approximately $506,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 21.8% during the third quarter. Pacer Advisors Inc. now owns 86,759 shares of the technology company’s stock worth $1,415,000 after buying an additional 15,555 shares during the last quarter. 82.92% of the stock is owned by hedge funds and other institutional investors.

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Hewlett Packard Enterprise Company Profile (NYSE:HPE)

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 for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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