Insider Selling: Hewlett Packard Enterprise Company (HPE) EVP Sells $592,396.00 in Stock

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.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Hewlett Packard Enterprise Company (HPE) EVP Sells $592,396.00 in Stock” was first reported by Stock Observer and is the property of of Stock Observer. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.thestockobserver.com/2017/12/07/insider-selling-hewlett-packard-enterprise-company-hpe-evp-sells-592396-00-in-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 Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply