Hewlett Packard Enterprise Co (NYSE:HPE) SVP Sells 81,094 Shares

Hewlett Packard Enterprise Co (NYSE:HPE) SVP Kirt P. Karros sold 81,094 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $14.86, for a total value of $1,205,056.84. Following the completion of the transaction, the senior vice president now owns 72,595 shares in the company, valued at approximately $1,078,761.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hewlett Packard Enterprise Co (NYSE:HPE) opened at $15.81 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise Co has a 12-month low of $12.81 and a 12-month high of $19.16. The firm has a market capitalization of $24,625.54, a P/E ratio of 75.29, a PEG ratio of 2.60 and a beta of 2.48.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.78 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 4.6% on a year-over-year basis. research analysts predict that Hewlett Packard Enterprise Co will post 1.19 EPS for the current fiscal year.

Hewlett Packard Enterprise announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.30 annualized dividend and a yield of 1.90%. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. Hewlett Packard Enterprise’s dividend payout ratio is 142.86%.

A number of institutional investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC grew its holdings in Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after buying an additional 200 shares in the last quarter. Westside Investment Management Inc. grew its holdings in Hewlett Packard Enterprise by 1.5% during the second quarter. Westside Investment Management Inc. now owns 17,432 shares of the technology company’s stock worth $292,000 after buying an additional 250 shares in the last quarter. Meridian Investment Counsel Inc. grew its holdings in Hewlett Packard Enterprise by 1.5% during the second quarter. Meridian Investment Counsel Inc. now owns 23,557 shares of the technology company’s stock worth $391,000 after buying an additional 350 shares in the last quarter. Budros Ruhlin & Roe Inc. grew its stake in Hewlett Packard Enterprise by 1.4% in the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company’s stock valued at $409,000 after purchasing an additional 352 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Hewlett Packard Enterprise by 2.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 19,102 shares of the technology company’s stock valued at $334,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 83.43% of the company’s stock.

HPE has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “hold” rating and issued a $15.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. KeyCorp restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. UBS Group lowered Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $16.00 to $15.00 in a research note on Friday, October 20th. Robert W. Baird reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, October 19th. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.04.

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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).

Insider Buying and Selling by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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