Hewlett Packard Enterprise Co (HPE) EVP Sells $748,815.00 in Stock

Hewlett Packard Enterprise Co (NYSE:HPE) EVP Alan Richard May sold 49,921 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $15.00, for a total value of $748,815.00. Following the completion of the transaction, the executive vice president now directly owns 50,158 shares in the company, valued at $752,370. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Alan Richard May also recently made the following trade(s):

  • On Tuesday, December 12th, Alan Richard May sold 7,607 shares of Hewlett Packard Enterprise stock. The stock was sold at an average price of $14.42, for a total value of $109,692.94.
  • On Friday, December 1st, Alan Richard May sold 42,314 shares of Hewlett Packard Enterprise stock. The stock was sold at an average price of $14.00, for a total value of $592,396.00.

Hewlett Packard Enterprise Co (HPE) opened at $15.81 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $25,199.34, a PE ratio of 75.29, a price-to-earnings-growth ratio of 2.66 and a beta of 2.48. Hewlett Packard Enterprise Co has a 52 week low of $12.81 and a 52 week high of $24.88.

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

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

The business also recently announced 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. This represents a $0.30 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Tuesday, December 12th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. Hewlett Packard Enterprise’s dividend payout ratio is presently 142.86%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised its holdings in Hewlett Packard Enterprise by 0.8% during the third quarter. Parametric Portfolio Associates LLC now owns 5,602,984 shares of the technology company’s stock worth $82,420,000 after acquiring an additional 45,636 shares in the last quarter. Third Point LLC raised its stake in Hewlett Packard Enterprise by 16.7% in the second quarter. Third Point LLC now owns 7,000,000 shares of the technology company’s stock valued at $116,130,000 after buying an additional 1,000,000 shares during the period. First Trust Advisors LP raised its stake in Hewlett Packard Enterprise by 58.3% in the third quarter. First Trust Advisors LP now owns 6,167,004 shares of the technology company’s stock valued at $90,717,000 after buying an additional 2,270,669 shares during the period. BT Investment Management Ltd bought a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $5,661,000. Finally, Oak Associates Ltd. OH raised its stake in Hewlett Packard Enterprise by 4.4% in the second quarter. Oak Associates Ltd. OH now owns 309,726 shares of the technology company’s stock valued at $5,138,000 after buying an additional 13,000 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

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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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