Hewlett Packard Enterprise Company (NYSE:HPE)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $14.49, but opened at $14.31. Hewlett Packard Enterprise shares last traded at $13.95, with a volume of 9,962,836 shares traded.

A number of equities analysts have recently commented on HPE shares. CIBC lowered their price objective on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday, July 4th. BidaskClub downgraded Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Barclays PLC boosted their price objective on Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock an “underweight” rating in a research report on Friday, September 1st. Maxim Group reissued a “hold” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, July 14th. Finally, Loop Capital started coverage on Hewlett Packard Enterprise in a research report on Tuesday, August 22nd. They set a “hold” rating and a $17.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given 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 an average target price of $19.38.

The stock has a market capitalization of $22.62 billion, a P/E ratio of 10.44 and a beta of 2.72. The firm’s 50 day moving average price is $13.71 and its 200 day moving average price is $13.69. Hewlett Packard Enterprise also saw unusually large options trading on Tuesday. Stock investors bought 12,185 put options on the stock. This represents an increase of approximately 320% compared to the average daily volume of 2,901 put options.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 8.92% and a net margin of 0.29%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. On average, equities analysts expect that Hewlett Packard Enterprise Company will post $1.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be given a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.89%. Hewlett Packard Enterprise’s payout ratio is 371.48%.

In other news, CEO Margaret C. Whitman sold 132,192 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total value of $2,208,928.32. Following the completion of the transaction, the chief executive officer now owns 865,021 shares in the company, valued at approximately $14,454,500.91. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Margaret C. Whitman sold 62,652 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $16.71, for a total value of $1,046,914.92. Following the completion of the transaction, the chief executive officer now owns 830,251 shares of the company’s stock, valued at approximately $13,873,494.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,963,677 shares of company stock valued at $34,198,508. Insiders own 0.87% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in HPE. WFG Advisors LP lifted its holdings in shares of Hewlett Packard Enterprise by 15.3% in the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after purchasing an additional 801 shares during the last quarter. Archford Capital Strategies LLC lifted its holdings in shares of Hewlett Packard Enterprise by 6,858.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after purchasing an additional 7,476 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of Hewlett Packard Enterprise by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after purchasing an additional 200 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 4.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after purchasing an additional 266 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter worth approximately $125,000. 80.21% of the stock is currently owned by institutional investors and hedge funds.

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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).

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