CSO, Pres Hybrid IT Davis Philip sold 13,974 shares in Hewlett Packard Enterprise Company (NYSE:HPE) for $30,386 in transaction occurred on 2019/01/29. After making this transaction, the CSO, Pres Hybrid IT owns a direct stake of 220,091 shares, worth $483,745, as per the last closing price. On 2019/01/25 Davis Philip, CSO, Pres Hybrid IT at HPE, dumped 13,974 shares at an average price of $15 per share. The selling total is valued at $706,211.
Separately, it had been reported that some other HPE insiders also took part of the insider trading activity. SVP, Finance & Treasurer, Karros Kirt P had divested 14,126 shares through a trade on 2019/01/25. Following this activity, the insider holds 211,890 shares. Wall Street’s most bullish Hewlett Packard Enterprise Company (NYSE:HPE) analysts are predicting the share price to blow past $23 per share during the next 12 months. The current median share price forecast by them is $17, suggesting that the stock could increase 6.78% in that time frame. The average price target of $16.89 calls for a nearly 6.09% increase in the stock price.
Hewlett Packard Enterprise Company (HPE) trading activity significantly weakened as the volume at ready counter decreased to 7,301,484 shares versus 10,362,771 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 10,307,537 shares. The share price rose 0.44% in recent trade and currently has a stock-market value of $22.17B. The shares finished at $15.92, after trading as low as $15.62 earlier in the session. It hit an intraday high Friday at $15.925. The stock is now 31.68% above against its bear-market low of $12.09 on December 26, 2018. It has retreated -22.36% since it’s 52-week high of $19.48 reached in March. Now the market price is up 2.31% on the year and up 20.51% YTD.
HPE’s 50 day simple moving average (SMA 50) price is $14.47 and its 200-day simple moving average (SMA 200) price is $15.6. The company’s stock currently has a total float of 1.37B shares. Its weekly volatility is hovering around 1.94% and felt 2.49% volatility in price over a month. On the upside, the share price will test short term resistance at around $16.02. On a downside, the stock is likely to find some support, which begins at $15.72. The failure to get near-term support could push it to $15.52.
It had seen a negative analyst call from Morgan Stanley, which downgraded the stock from Overweight to Equal-Weight on January 16. Analysts at Maxim Group, maintained the company shares at Hold on December 06 but switched target price from $18 to $17. The stock lost favor of Bernstein analysts who expressed their lack of confidence in it using a downgrade from Outperform to Mkt Perform on August 21. Nomura, released new analyst coverage on June 28, calling the stock is Neutral.
When looking at valuations, Hewlett Packard Enterprise Company (HPE) has a cheap P/E of 11.95x as compared to industry average of 13.78x. Moreover, it trades for 9.26 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.09x price/book and 0.72x price/sales. Compared to others, Hewlett Packard Enterprise Company is in a different league with regards to profitability, having net margins of 6.2%. To put some perspective around this, the industry’s average net margin is 1.67%. HPE’s ROE is 8.2%, which is also considerably worse than the industry’s ROE of 9.67%. It’s also very liquid in the near term, with a current ratio of 1. The stock has a debt/capital of 0.57.