Hewlett Packard Enterprise Company (NYSE:HPE) EVP Alan Richard May sold 42,314 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $14.00, for a total value of $592,396.00. Following the sale, the executive vice president now directly owns 84,629 shares of the company’s stock, valued at approximately $1,184,806. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Hewlett Packard Enterprise Company (HPE) opened at $14.16 on Thursday. Hewlett Packard Enterprise Company has a 52 week low of $12.81 and a 52 week high of $24.88. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $22,457.60, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 2.37 and a beta of 2.48.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.78 billion. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be given a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.12%. Hewlett Packard Enterprise’s dividend payout ratio is 123.82%.
Hewlett Packard Enterprise announced that its board has initiated a share repurchase plan on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Hedge funds have recently bought and sold shares of the company. Dodge & Cox lifted its holdings in Hewlett Packard Enterprise by 12.2% in the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock valued at $3,958,630,000 after acquiring an additional 25,852,541 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Hewlett Packard Enterprise by 1.4% in the second quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock valued at $1,839,114,000 after acquiring an additional 1,508,612 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 19.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 80,484,863 shares of the technology company’s stock valued at $1,183,932,000 after acquiring an additional 13,150,243 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Hewlett Packard Enterprise by 69.7% in 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 acquiring an additional 15,431,606 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Hewlett Packard Enterprise by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 19,353,258 shares of the technology company’s stock valued at $321,088,000 after acquiring an additional 779,447 shares during the last quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.
A number of analysts have commented on the company. BidaskClub raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Sanford C. Bernstein reissued a “buy” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Loop Capital assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 price objective for the company. TheStreet raised Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a report on Monday, October 16th. Finally, Robert W. Baird reissued a “hold” rating and issued a $15.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.86.
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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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