Economy

Insiders Selling, Short Interest Growing Hewlett Packard Enterprise Comp (NYSE:HPE)

Insiders Selling, Short Interest Growing Hewlett Packard Enterprise Comp (NYSE:HPE)”

With the amassed value of the company based on its existing stock price alongside the total amount of outstanding stocks, today's market cap for Hewlett Packard Enterprise Company is valued at 23.4B.

Other analysts also recently issued research reports about the company.

HP Inc. (NYSE:HPQ) received a Buy rating from 6 analysts. For the quarter, shares have been noted at 12.74%. Virtu KCG Holdings LLC raised its position in shares of Hewlett Packard Enterprise by 151.5% during the 2nd quarter. But it is better to note the limitations of the current P/E ratio of Hewlett Packard Enterprise Company, as investors may often be led to believe that there is one single metric that will deliver a thorough insight into the company's investment decision, which is virtually never the case. Parametric Portfolio Associates LLC now owns 5,665,508 shares of the technology company's stock valued at $93,991,000 after buying an additional 1,906,997 shares in the last quarter. Next Financial Group, Inc cut its stake by shedding 644 shares a decrease of 16.6%. Institutional investors and hedge funds own 81.34% of the company's stock. Share performance for the month is now at 5.58%.

Before the split was finalized, Hewlett Packard said it would reduce its staff by 25,000 to 30,000, with most on the enterprise side of the business. The firm had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion.

NYSE:HPE has an EPS value of 0.19 with an EPS growth this year at 35.50%. Revenue during the quarter was $311.52 million, representing -8% growth from $339.58 million in year-ago quarter.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. The dividend will be $0.065 per share for the quarter or $0.26 on an annualized basis. The ex-dividend date will be on Tuesday the 12th of September 2017. Hewlett Packard Enterprise's dividend payout ratio is 371.48%. Also, CEO Margaret C. Whitman sold 389,668 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, July 26th. The shares were sold on September 22nd for an average price of $14.27. Hosking Partners Llp controls 1,161,951 shares valued at $19,277,000.

Margaret C. Whitman, CEO disclosed the sale of 1,494,094 shares of (HPE). The stock was sold at an average price of $13.14, for a total transaction of $3,272,543.28.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 82.1 Percent. The disclosure for this sale can be found here. The stock's last price was lower from the average trading price of 50 days recorded at $16.34 while enlarging the period to 200 trading days, the average price was $19.57. Company insiders own 0.87% of the company's stock.

TRADEMARK VIOLATION WARNING: This piece was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & global trademark and copyright laws. CT grew its holdings in shares of Hewlett Packard Enterprise by 7.4% during the first quarter.

Several analysts have recently weighed in on the stock. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. A rating of 4 or 5 would represent a Sell recommendation. The target implies a 20.26% spike from where the shares are now trading.

For the current quarter, 18 analysts are projecting a mean EPS of $0.44/share. Analysts have placed a $15.48 price target on Hewlett Packard Enterprise Company, suggesting a 5.31% gain from recent close.

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company's segments include: Enterprise Group, Software, Financial Services and Corporate Investments.

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