Hewlett Packard Enterprise (NYSE:HPE) insider Keerti Melkote sold 87,113 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $18.87, for a total transaction of $1,643,822.31. Following the transaction, the insider now directly owns 87,113 shares in the company, valued at $1,643,822.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of HPE opened at $16.70 on Friday. Hewlett Packard Enterprise has a fifty-two week low of $12.69 and a fifty-two week high of $19.48. The company has a market cap of $26,952.40, a P/E ratio of 17.40, a price-to-earnings-growth 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 (NYSE:HPE) last announced its earnings results on Thursday, February 22nd. The technology company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. Hewlett Packard Enterprise had a net margin of 4.52% and a return on equity of 7.40%. The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. research analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.
Hewlett Packard Enterprise announced that its Board of Directors has authorized a stock repurchase program 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 programs are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 4th. Investors of record on Wednesday, June 13th will be paid a dividend of $0.1125 per share. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. This represents a $0.45 annualized dividend and a yield of 2.69%. Hewlett Packard Enterprise’s dividend payout ratio is presently 31.25%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BB&T Securities LLC acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth approximately $156,000. Daiwa SB Investments Ltd. acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $156,000. Clear Harbor Asset Management LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $158,000. Empirical Financial Services LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $159,000. Finally, KCS Wealth Advisory acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $161,000. Institutional investors own 83.00% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. OTR Global downgraded shares of Hewlett Packard Enterprise to a “positive” rating in a research note on Tuesday, February 13th. Deutsche Bank lifted their target price on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Maxim Group lifted 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 note on Friday, February 23rd. Finally, Goldman Sachs began coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, February 7th. They set a “neutral” rating and a $16.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.38.
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Hewlett Packard Enterprise Company Profile
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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