News coverage about Hewlett Packard Enterprise (NYSE:HPE) has trended positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hewlett Packard Enterprise earned a media sentiment score of 0.32 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.8776696010206 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- HPE launches Cloud28+ member spotlight pages (channelworld.in)
- Microsoft, Cisco, HPE and others sign on to open-source licensing initiative (siliconangle.com)
- Aspect Software hires HPE veteran Arani Krishna (infotechlead.com)
- Hewlett Packard Enterprise (HPE) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
- Investors Alert on Hewlett Packard Enterprise Company (HPE) – Wall Street Morning (wallstreetmorning.com)
Several equities research analysts have recently weighed in on the stock. Maxim Group upped their price target on shares of Hewlett Packard Enterprise from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Pivotal Research reaffirmed a “hold” rating and issued a $20.00 price target (up previously from $13.00) on shares of Hewlett Packard Enterprise in a research report on Friday, February 23rd. Finally, Gabelli reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.46.
Hewlett Packard Enterprise (HPE) traded up $0.08 during trading hours on Tuesday, reaching $18.78. 10,860,274 shares of the company were exchanged, compared to its average volume of 12,986,459. Hewlett Packard Enterprise has a 12 month low of $12.69 and a 12 month high of $19.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.06 and a quick ratio of 0.93. The stock has a market capitalization of $29,443.93, a PE ratio of 19.98, a price-to-earnings-growth ratio of 1.58 and a beta of 1.82.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the business posted $0.45 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities analysts anticipate that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.
Hewlett Packard Enterprise declared that its Board of Directors has initiated a share buyback plan on Thursday, February 22nd that authorizes the company to buyback $5.50 billion in outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.075 per share. The ex-dividend date is Tuesday, March 13th. This represents a $0.30 dividend on an annualized basis and a yield of 1.60%. Hewlett Packard Enterprise’s payout ratio is 31.91%.
In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 49,921 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $15.00, for a total transaction of $748,815.00. Following the transaction, the executive vice president now owns 50,158 shares in the company, valued at approximately $752,370. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keerti Melkote sold 87,113 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $18.87, for a total transaction of $1,643,822.31. Following the transaction, the insider now owns 87,113 shares in the company, valued at approximately $1,643,822.31. The disclosure for this sale can be found here. Insiders have sold a total of 2,760,834 shares of company stock worth $49,109,532 in the last 90 days. 1.18% of the stock is currently owned by company insiders.
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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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