Hewlett Packard Enterprise (HPE) Receiving Somewhat Favorable Press Coverage, Study Shows

Media coverage about Hewlett Packard Enterprise (NYSE:HPE) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hewlett Packard Enterprise earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.9826959819965 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have impacted Accern’s scoring:

Several analysts have recently commented on HPE shares. TheStreet upgraded shares of Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research note on Monday, October 16th. Oppenheimer restated a “buy” rating and issued a $17.00 target price on shares of Hewlett Packard Enterprise in a research note on Thursday, October 19th. Gabelli restated a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Sanford C. Bernstein restated a “buy” rating and issued a $18.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.04.

Hewlett Packard Enterprise (NYSE:HPE) traded up $0.36 during trading hours on Friday, reaching $15.81. 15,520,000 shares of the company’s stock traded hands, compared to its average volume of 9,990,000. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01. Hewlett Packard Enterprise has a 52-week low of $12.81 and a 52-week high of $19.16. The stock has a market cap of $25,200.00 and a P/E ratio of 63.24.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.78 billion. During the same period last year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. sell-side analysts predict that Hewlett Packard Enterprise will post 1.19 EPS for the current year.

Hewlett Packard Enterprise declared that its board has authorized a stock buyback plan on Wednesday, October 18th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the technology company to repurchase 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were issued a dividend of $0.075 per share. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Tuesday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 120.00%.

In other news, EVP Alan Richard May sold 49,921 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $15.00, for a total transaction of $748,815.00. Following the completion of the sale, the executive vice president now directly owns 50,158 shares in the company, valued at $752,370. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Margaret C. Whitman sold 235,050 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $13.81, for a total transaction of $3,246,040.50. Following the sale, the chief executive officer now owns 980,346 shares of the company’s stock, valued at $13,538,578.26. The disclosure for this sale can be found here. Insiders have sold a total of 743,330 shares of company stock valued at $10,504,296 over the last 90 days. 0.87% of the stock is currently owned by insiders.

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Hewlett Packard Enterprise Company Profile

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)

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