At Hewlett Packard Enterprise Company (NYSE:HPE), the ratio of insider selling to insider buying over a quarter is running at 67.22. Could this be a sign something is bothering insiders? HPE recorded 15 sales count on the open market in the last three months. They sold nearly 591,393 shares while purchases amounted to 8,798 shares that period. Looking even further back to 12 months, corporate insiders offloaded 15,446,063 shares when buyers snapped up 990,885 shares. The 12-month’s totals signify about a 15.59-to-1 sell/buy ratio.
Davis Philip parted with a total of 27.18 thousand shares of Hewlett Packard Enterprise Company (HPE) at average share price of $14.67. This insider trade in the company took place on 12/13/2018. The total for the sales was set at $398.76 thousand. After this transaction, the CSO, Pres Hybrid IT account balance stood at 41.92 thousand shares. The stock lost -2.93 percent since that insider sale. On 12/11/2018, Melkote Keerti, President Intelligent Edge, sold 36.3 thousand shares at a price per share of $14.55. This removed 528.17 thousand shares from the insider’s fortune and the stock saw a -2.13 percent retreat in value since the news became public. This transaction left 0 thousand shares in the President Intelligent Edge account.
On 12/11/2018, SVP, Controller & PAO Ricci Jeff T performed a sale transaction worth $227.39 thousand. This sale at $14.54 each has eliminated 15.64 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -2.06 percent decrease since the transaction was reported. The insider now is left with 0 thousand shares remaining in the account. Melkote Keerti, who performs the President Intelligent Edge job, sold 102.28 thousand shares for $1.63 million. The disposal occurred on 11/06/2018 was priced at $15.94 per share. The share price plunged -10.66 percent since the reporting date. Melkote Keerti now left with a stake of 0 thousand HPE stock worth $0 thousand after the insider selling.
The 12-month median price target for Hewlett Packard Enterprise Company (HPE) assigned by the analysts stands at $17, which represents a return potential of 19.38 percent when compared to the closing price of the stock of $14.24 on Friday, January 11. The lowest price target for the stock is $14 — slightly more than -1.69 percent from HPE’s current share price. The stock will probably climb 23.46 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $23-month high price target. This represents a whopping 61.52 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 53.45 on daily chart, which may remain a cause for concern. If the price breaks below $13.76 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $14.37 mark may result into a pull-back move towards $14.5 level. The stock is currently hovering around the first support level of $14. Below this, the next support is placed in the zone of $13.76. Till the time, the HPE stock trades above this level, bulls have nothing to fear.
Shares of Hewlett Packard Enterprise Company (HPE) are trading at a P/E ratio of 50.47 times earnings reported for the past 12 months. The industry HPE operates in has an average P/E of 15.17. Its P/E ratio went as low as 5.94X and as high as 53.45 over the 5-year span. Further, it is sporting a 0.64 on the Price-to-Sales ratio. Compare this with the industry average P/S of 0.77. 30.1 percent is the gross profit margin for Hewlett Packard Enterprise Company and operating margin sits at 1.6 percent. Along with this, the net profit margin is 6.2 percent.
On 11th of January, Hewlett Packard Enterprise Company (NYSE:HPE) shares ended higher after a volatile session. The shares accumulated 0.11 points or 0.78 percent at $14.24 with a light trade volume of 6.507 million shares. After opening the session at $14.04, the shares went as high as $14.26 and as low as $13.89, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $19.8 billion and now has 1.39 billion shares outstanding. Hewlett Packard Enterprise Company (HPE) stock has lost -3.39 percent of market value in 21 trading days.
HPE stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$1 a share in the trailing twelve months. The stock’s value has surged 7.8 percent year to date (YTD) against a decline of -6.25 percent in 12 month’s time. The company’s shares still trade -26.88 percent away from its 1-year high of $19.48 and 17.81 percent up from 52-week low of $12.09. The average consensus rating on the company is 2.7, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.