Hewlett Packard Enterprise Company (NYSE:HPE) CEO Margaret C. Whitman sold 235,050 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $13.81, for a total value of $3,246,040.50. Following the sale, the chief executive officer now directly owns 980,346 shares in the company, valued at $13,538,578.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Hewlett Packard Enterprise Company (HPE) traded down $0.16 on Friday, reaching $13.44. 927,123 shares of the company were exchanged, compared to its average volume of 11,010,715. The stock has a market capitalization of $22,073.29, a PE ratio of 8.41 and a beta of 2.59.

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

Hewlett Packard Enterprise declared that its board has approved a share repurchase plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC increased its stake in 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 purchasing an additional 200 shares during the period. Westside Investment Management Inc. increased its stake in shares of 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 acquiring an additional 250 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of 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 acquiring an additional 266 shares during the period. Meridian Investment Counsel Inc. increased its stake in shares of 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 acquiring an additional 350 shares during the period. Finally, Budros Ruhlin & Roe Inc. increased its stake in shares of 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 acquiring an additional 352 shares during the period. Institutional investors own 81.16% of the company’s stock.

HPE has been the topic of several recent analyst reports. Barclays PLC reissued a “sell” rating and set a $14.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “hold” rating and set a $15.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 11th. BidaskClub lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Loop Capital initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, August 22nd. They set a “hold” rating and a $17.00 target price on the stock. Finally, Maxim Group reissued a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.79.

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).

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

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