Hewlett Packard Enterprise (HPE) Director Margaret C. Whitman Sells 674,000 Shares of Stock

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.

How to Become a New Pot Stock Millionaire

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.

ILLEGAL ACTIVITY WARNING: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://ledgergazette.com/2018/04/13/hewlett-packard-enterprise-hpe-director-margaret-c-whitman-sells-674000-shares-of-stock.html.

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).

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

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply