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).
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