Hewlett Packard Enterprise (NYSE:HPE) Director Margaret C. Whitman sold 674,000 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $17.32, for a total value of $11,673,680.00. Following the completion of the transaction, the director now directly owns 2,169,760 shares of the company’s stock, valued at approximately $37,580,243.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NYSE HPE opened at $17.51 on Friday. Hewlett Packard Enterprise has a 52 week low of $12.69 and a 52 week high of $19.48. The stock has a market cap of $27,015.08, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.45 and a beta of 1.86. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 0.42.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. sell-side analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.
Hewlett Packard Enterprise announced that its board has approved a stock buyback plan on Thursday, February 22nd that allows the company to buyback $5.50 billion in shares. This buyback authorization allows the technology company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
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 given a dividend of $0.1125 per share. The ex-dividend date is Tuesday, June 12th. This represents a $0.45 annualized dividend and a dividend yield of 2.57%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. Hewlett Packard Enterprise’s dividend payout ratio is presently 31.25%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Daiwa SB Investments Ltd. purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $156,000. BB&T Securities LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $156,000. Clear Harbor Asset Management LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $158,000. Empirical Financial Services LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $159,000. Finally, KCS Wealth Advisory purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $161,000. 83.00% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase assumed coverage on Hewlett Packard Enterprise in a research report on Friday, March 2nd. They issued a “neutral” rating and a $21.00 price target for the company. UBS reaffirmed a “neutral” rating and issued a $19.00 price target (up previously from $15.00) on shares of Hewlett Packard Enterprise in a research report on Friday, February 23rd. BMO Capital Markets lifted their price target on Hewlett Packard Enterprise from $14.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, February 23rd. Finally, Deutsche Bank lifted their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have assigned a buy rating to the company. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $17.38.
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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