Hewlett Packard Enterprise (NYSE:HPE) Director Margaret C. Whitman sold 674,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $18.88, for a total transaction of $12,725,120.00. Following the completion of the sale, the director now owns 2,167,693 shares in the company, valued at $40,926,043.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
HPE stock opened at $16.70 on Friday. The firm has a market capitalization of $26,952.40, a price-to-earnings ratio of 14.45, a P/E/G ratio of 1.44 and a beta of 1.86. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise has a 1 year low of $12.69 and a 1 year high of $19.48.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.07 billion. Hewlett Packard Enterprise had a return on equity of 7.40% and a net margin of 4.52%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 4th. Stockholders of record on Wednesday, June 13th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.69%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 31.25%.
Hewlett Packard Enterprise declared that its Board of Directors has approved a share repurchase plan on Thursday, February 22nd that allows the company to buyback $5.50 billion in outstanding shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
Several research analysts have recently weighed in on HPE shares. Deutsche Bank increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Loop Capital upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, March 20th. Maxim Group increased their target price on shares of Hewlett Packard Enterprise from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Finally, Pivotal Research reissued a “hold” rating and set a $20.00 target price (up previously from $13.00) on shares of Hewlett Packard Enterprise in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.38.
Several institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its holdings in Hewlett Packard Enterprise by 10.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 243,649 shares of the technology company’s stock worth $3,499,000 after acquiring an additional 23,602 shares during the period. Xact Kapitalforvaltning AB grew its holdings in Hewlett Packard Enterprise by 6.0% during the fourth quarter. Xact Kapitalforvaltning AB now owns 287,716 shares of the technology company’s stock worth $4,132,000 after acquiring an additional 16,285 shares during the period. Letko Brosseau & Associates Inc. grew its holdings in Hewlett Packard Enterprise by 0.5% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 3,275,159 shares of the technology company’s stock worth $47,031,000 after acquiring an additional 17,500 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Hewlett Packard Enterprise by 54.2% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 115,000 shares of the technology company’s stock worth $1,651,000 after acquiring an additional 40,400 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $7,087,000. 83.00% of the stock is currently owned by institutional investors.
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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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