Traders Buy Hewlett Packard Enterprise Co. (HPE) on Weakness
Traders purchased shares of Hewlett Packard Enterprise Co. (NYSE:HPE) on weakness during trading hours on Tuesday. $41.19 million flowed into the stock on the tick-up and $22.54 million flowed out of the stock on the tick-down, for a money net flow of $18.65 million into the stock. Of all equities tracked, Hewlett Packard Enterprise had the 16th highest net in-flow for the day. Hewlett Packard Enterprise traded down ($0.01) for the day and closed at $21.93
HPE has been the subject of several research reports. Bank of America Corp. reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, June 8th. Wells Fargo & Co. reissued a “buy” rating on shares of Hewlett Packard Enterprise in a report on Monday, July 11th. Sanford C. Bernstein reissued a “buy” rating on shares of Hewlett Packard Enterprise in a report on Thursday, May 26th. Brean Capital reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Monday, June 6th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Hewlett Packard Enterprise in a report on Sunday, July 10th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.12.
The company has a market cap of $36.44 billion and a PE ratio of 17.96. The company’s 50 day moving average price is $20.64 and its 200-day moving average price is $17.68.
In related news, SVP Jeff T. Ricci sold 5,830 shares of the stock in a transaction on Monday, June 20th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Youngjohns sold 8,622 shares of the stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $19.69, for a total value of $169,767.18. Following the completion of the sale, the executive vice president now owns 18,033 shares in the company, valued at approximately $355,069.77. The disclosure for this sale can be found here.
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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