Hewlett Packard Enterprise Company (HPE) EVP Sells $746,856.00 in Stock

Hewlett Packard Enterprise Company (NYSE:HPE) EVP Henry Gomez sold 55,200 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $13.53, for a total value of $746,856.00. Following the completion of the sale, the executive vice president now owns 45,004 shares of the company’s stock, valued at $608,904.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Henry Gomez also recently made the following trade(s):

  • On Tuesday, September 26th, Henry Gomez sold 494,360 shares of Hewlett Packard Enterprise stock. The stock was sold at an average price of $14.87, for a total value of $7,351,133.20.

Shares of Hewlett Packard Enterprise Company (HPE) opened at $13.70 on Monday. Hewlett Packard Enterprise Company has a one year low of $12.97 and a one year high of $24.88. The firm has a market cap of $22,186.66, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 1.76 and a beta of 2.59. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.27 and a quick ratio of 1.15.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.38 EPS for the current fiscal year.

Hewlett Packard Enterprise declared that its board has initiated a share repurchase plan on Wednesday, October 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be given a $0.075 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.19%. Hewlett Packard Enterprise’s payout ratio is presently 371.48%.

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Hedge funds have recently added to or reduced their stakes in the business. Dodge & Cox increased its position in shares of Hewlett Packard Enterprise by 12.2% during the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock valued at $3,958,630,000 after buying an additional 25,852,541 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of Hewlett Packard Enterprise by 32.7% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock valued at $1,117,081,000 after buying an additional 16,592,308 shares during the period. Pzena Investment Management LLC increased its position in shares of Hewlett Packard Enterprise by 69.7% during the third quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock valued at $552,520,000 after buying an additional 15,431,606 shares during the period. Victory Capital Management Inc. increased its position in shares of Hewlett Packard Enterprise by 145.3% during the second quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock valued at $170,315,000 after buying an additional 6,081,628 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Hewlett Packard Enterprise by 71.0% during the third quarter. Schroder Investment Management Group now owns 12,475,175 shares of the technology company’s stock valued at $181,763,000 after buying an additional 5,177,979 shares during the period. Hedge funds and other institutional investors own 81.96% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. UBS AG downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $16.00 to $15.00 in a report on Friday, October 20th. KeyCorp reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. Mizuho restated a “hold” rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $17.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.79.

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).

Insider Buying and Selling by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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