Hewlett Packard Enterprise (NYSE:HPE) Director Margaret C. Whitman sold 674,000 shares of the stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $17.53, for a total value of $11,815,220.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Hewlett Packard Enterprise traded down $0.09, hitting $17.58, during trading hours on Friday, according to Marketbeat Ratings. The stock had a trading volume of 217,419 shares, compared to its average volume of 12,232,150. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $27.63 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.48 and a beta of 1.87. Hewlett Packard Enterprise has a 12-month low of $17.38 and a 12-month high of $17.44.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.07 billion. Hewlett Packard Enterprise had a return on equity of 7.40% and a net margin of 4.52%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. sell-side analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.
Hewlett Packard Enterprise declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 22nd that permits the company to repurchase $5.50 billion in outstanding shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can raised its position in shares of Hewlett Packard Enterprise by 23.4% in the 4th quarter. Bank of Montreal Can now owns 1,015,577 shares of the technology company’s stock worth $14,584,000 after buying an additional 192,576 shares during the period. Guggenheim Capital LLC raised its position in shares of Hewlett Packard Enterprise by 13.6% in the 4th quarter. Guggenheim Capital LLC now owns 5,953,943 shares of the technology company’s stock worth $85,497,000 after buying an additional 710,629 shares during the period. Victory Capital Management Inc. raised its position in shares of Hewlett Packard Enterprise by 8.2% in the 4th quarter. Victory Capital Management Inc. now owns 13,164,978 shares of the technology company’s stock worth $189,050,000 after buying an additional 998,236 shares during the period. Spark Investment Management LLC raised its position in Hewlett Packard Enterprise by 54.3% in the fourth quarter. Spark Investment Management LLC now owns 892,800 shares of the technology company’s stock valued at $12,820,000 after purchasing an additional 314,300 shares during the period. Finally, Investors Research Corp purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $239,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. OTR Global upgraded Hewlett Packard Enterprise to a “positive” rating in a report on Thursday. ValuEngine cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Monday, April 30th. JPMorgan Chase assumed coverage on Hewlett Packard Enterprise in a report on Friday, March 2nd. They set a “neutral” rating and a $21.00 target price on the stock. Finally, UBS reiterated a “neutral” rating and set a $19.00 target price (up previously from $15.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have given a buy rating to the stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $17.38.
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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