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).
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