Hewlett Packard Enterprise Co (NYSE:HPE) CEO Antonio F. Neri sold 138,593 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $15.92, for a total value of $2,206,400.56. Following the transaction, the chief executive officer now owns 259,157 shares in the company, valued at $4,125,779.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Hewlett Packard Enterprise stock traded up $0.03 during trading on Thursday, reaching $15.82. The company’s stock had a trading volume of 11,844,088 shares, compared to its average volume of 12,633,443. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.04. The firm has a market capitalization of $24.25 billion, a PE ratio of 16.48, a PEG ratio of 1.16 and a beta of 1.76. Hewlett Packard Enterprise Co has a one year low of $12.69 and a one year high of $19.48.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, May 22nd. The technology company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.25% and a net margin of 9.36%. The business had revenue of $7.47 billion for the quarter, compared to analyst estimates of $7.39 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. research analysts forecast that Hewlett Packard Enterprise Co will post 1.47 earnings per share for the current year.
Hewlett Packard Enterprise announced that its board has authorized a share repurchase program on Thursday, February 22nd that permits the company to buyback $5.50 billion in outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 4th. Investors 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 is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. This represents a $0.45 dividend on an annualized basis and a yield of 2.84%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 46.88%.
Hedge funds have recently added to or reduced their stakes in the stock. Spectrum Financial Alliance Ltd LLC acquired a new stake in Hewlett Packard Enterprise during the first quarter worth about $121,000. Summit Trail Advisors LLC grew its position in Hewlett Packard Enterprise by 1,771.8% during the first quarter. Summit Trail Advisors LLC now owns 120,565 shares of the technology company’s stock worth $121,000 after buying an additional 114,124 shares in the last quarter. Highlander Capital Management LLC acquired a new stake in Hewlett Packard Enterprise during the first quarter worth about $148,000. Empirical Financial Services LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $159,000. Finally, Wade G W & Inc. acquired a new stake in Hewlett Packard Enterprise during the first quarter worth about $187,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. Pivotal Research cut their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday. Wells Fargo & Co restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Friday, May 25th. ValuEngine lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Maxim Group restated a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, May 23rd. Finally, Oppenheimer set a $20.00 target price on Hewlett Packard Enterprise and gave the company a “buy” rating in a report on Tuesday, May 22nd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $17.36.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company provides technology solutions to business and public sector enterprises. It operates through Enterprise Group, Financial Services, and Corporate Investments segments. The Enterprise Group segment offers industry standard servers and mission-critical servers to address the array of its customers' computing needs; converged storage solutions, including 3PAR StoreServ, StoreOnce, and StoreVirtual products, as well as traditional storage solutions, such as tape, storage networking, and legacy external disk products for enterprise and small- and medium-size business; software-defined switches, routers, wireless local area network equipment, network virtualization equipment, security software, location-based services, and network management products; and data center care, proactive care, and technology consulting services, as well as Aruba Services, and communications and media solutions.
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