Hewlett Packard Enterprise (NYSE:HPE) Trading Down 4.3% - Time to Sell?

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report)'s stock price was down 4.3% during mid-day trading on Tuesday . The stock traded as low as $21.40 and last traded at $21.95. Approximately 2,970,696 shares traded hands during trading, a decline of 79% from the average daily volume of 14,238,641 shares. The stock had previously closed at $22.95.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HPE shares. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and upped their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Barclays upped their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Loop Capital upped their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Finally, Susquehanna reaffirmed a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.00.

Hewlett Packard Enterprise Trading Down 0.1 %

The business has a fifty day simple moving average of $22.12 and a 200 day simple moving average of $20.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a market cap of $27.85 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.01 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 27.37%.

Insider Buying and Selling

In related news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now directly owns 270,430 shares of the company's stock, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the transaction, the senior vice president now directly owns 61,735 shares in the company, valued at $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kathmere Capital Management LLC increased its position in shares of Hewlett Packard Enterprise by 87.2% during the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock worth $544,000 after acquiring an additional 11,869 shares during the last quarter. Lebenthal Global Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 83.7% during the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after acquiring an additional 16,447 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. Moloney Securities Asset Management LLC purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter worth about $861,000. Finally, CHICAGO TRUST Co NA increased its position in shares of Hewlett Packard Enterprise by 67.8% during the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company's stock worth $1,858,000 after acquiring an additional 36,704 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.