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Hewlett Packard Enterprise Company (NYSE:HPE) Shares Sold by Phoenix Financial Ltd.

Hewlett Packard Enterprise logo with Computer and Technology background

Key Points

  • Phoenix Financial Ltd. significantly reduced its stake in Hewlett Packard Enterprise by 55%, selling 14,173 shares and now holding 11,600 shares valued at $180,000.
  • Insiders sold a total of 128,590 shares worth over $2.4 million last quarter, indicating substantial movement among executives in the company.
  • Barclays and Morgan Stanley raised their price targets for Hewlett Packard Enterprise, with a consensus target price of $22.67 and an average rating of "Moderate Buy" from analysts.
  • Five stocks we like better than Hewlett Packard Enterprise.

Phoenix Financial Ltd. cut its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 55.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,600 shares of the technology company's stock after selling 14,173 shares during the period. Phoenix Financial Ltd.'s holdings in Hewlett Packard Enterprise were worth $180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Putney Financial Group LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at about $25,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,318 shares in the last quarter. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $28,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $31,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Down 0.0%

Shares of Hewlett Packard Enterprise stock traded down $0.01 during trading hours on Wednesday, hitting $20.85. The company's stock had a trading volume of 2,614,271 shares, compared to its average volume of 19,126,174. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $24.66. The business has a fifty day moving average of $19.17 and a 200 day moving average of $18.48. The company has a market capitalization of $27.35 billion, a PE ratio of 21.04, a P/E/G ratio of 2.29 and a beta of 1.35. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. As a group, equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.49%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Insider Activity

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at $871,450.58. This trade represents a 41.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. Insiders have sold 128,590 shares of company stock worth $2,436,000 in the last ninety days. Corporate insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HPE shares. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Loop Capital raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, June 9th. The Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, July 24th. They set a "neutral" rating and a $22.00 target price on the stock. Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. Finally, Bank of America upped their price target on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $22.67.

View Our Latest Analysis on HPE

About Hewlett Packard Enterprise

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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