Traders Sell Shares of Hewlett Packard Enterprise Co. (HPE) on Strength (HPE)

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Investors sold shares of Hewlett Packard Enterprise Co. (NYSE:HPE) on strength during trading on Friday. $39.88 million flowed into the stock on the tick-up and $113.76 million flowed out of the stock on the tick-down, for a money net flow of $73.88 million out of the stock. Of all stocks tracked, Hewlett Packard Enterprise had the 0th highest net out-flow for the day. Hewlett Packard Enterprise traded up $0.13 for the day and closed at $22.26
A number of equities analysts have recently issued reports on HPE shares. Oppenheimer Holdings Inc. upped their target price on shares of Hewlett Packard Enterprise from $21.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, July 14th. FBN Securities reissued an “outperform” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, September 8th. Credit Suisse Group AG boosted their price target on shares of Hewlett Packard Enterprise from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. Mizuho boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, September 8th. Finally, Jefferies Group reissued a “buy” rating and set a $25.50 price target (up from $24.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $20.82.
The company’s 50 day moving average price is $21.68 and its 200 day moving average price is $18.66. The stock has a market capitalization of $37.07 billion and a PE ratio of 9.29.

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Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.04. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The firm had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $12.64 billion. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities analysts expect that Hewlett Packard Enterprise Co. will post $1.92 EPS for the current year.
In other news, EVP Robert Youngjohns sold 8,622 shares of the company’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $19.69, for a total transaction of $169,767.18. Following the sale, the executive vice president now directly owns 18,033 shares in the company, valued at $355,069.77. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeff T. Ricci sold 5,830 shares of the company’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $19.23, for a total value of $112,110.90. Following the sale, the senior vice president now owns 5,830 shares in the company, valued at $112,110.90. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.
Several large investors have recently made changes to their positions in HPE. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Hewlett Packard Enterprise during the second quarter valued at $100,000. Citizens Financial Group Inc RI boosted its position in Hewlett Packard Enterprise by 22.6% in the first quarter. Citizens Financial Group Inc RI now owns 5,809 shares of the company’s stock valued at $103,000 after buying an additional 1,069 shares during the period. MCF Advisors LLC boosted its position in Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock valued at $103,000 after buying an additional 2,501 shares during the period. Ropes Wealth Advisors LLC boosted its position in Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock valued at $146,000 after buying an additional 195 shares during the period. Finally, Cedar Wealth Management LLC boosted its position in Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock valued at $150,000 after buying an additional 1,251 shares during the period. Hedge funds and other institutional investors own 81.18% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.

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