Hewlett Packard Enterprise Company (NYSE:HPE) EVP Alan Richard May sold 49,921 shares of Hewlett Packard Enterprise 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 completion of the sale, the executive vice president now owns 50,158 shares in the company, valued at $752,370. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alan Richard May also recently made the following trade(s):

  • On Tuesday, December 12th, Alan Richard May sold 7,607 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $14.42, for a total transaction of $109,692.94.
  • On Friday, December 1st, Alan Richard May sold 42,314 shares of Hewlett Packard Enterprise stock. The shares were sold at an average price of $14.00, for a total transaction of $592,396.00.

Hewlett Packard Enterprise Company (NYSE:HPE) opened at $14.85 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise Company has a 52-week low of $12.81 and a 52-week high of $24.88. The company has a market cap of $23,670.00 and a price-to-earnings ratio of 59.40.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $7.78 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. equities analysts predict that Hewlett Packard Enterprise Company will post 1.18 EPS for the current year.

Hewlett Packard Enterprise declared that its board has approved a share buyback program on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.02%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, December 12th. Hewlett Packard Enterprise’s payout ratio is 120.00%.

A number of hedge funds have recently added to or reduced their stakes in HPE. WFG Advisors LP boosted its position in Hewlett Packard Enterprise by 15.3% during the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after purchasing an additional 801 shares during the period. Archford Capital Strategies LLC boosted its position in Hewlett Packard Enterprise by 6,858.7% during the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after purchasing an additional 7,476 shares during the period. YorkBridge Wealth Partners LLC boosted its position in Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after purchasing an additional 200 shares during the period. Harfst & Associates Inc. boosted its position in Hewlett Packard Enterprise by 42.5% during the second quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock worth $127,000 after purchasing an additional 2,287 shares during the period. Finally, D.A. Davidson & CO. boosted its position in Hewlett Packard Enterprise by 13.2% during the second quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock worth $137,000 after purchasing an additional 966 shares during the period. 83.43% of the stock is owned by hedge funds and other institutional investors.

HPE has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “hold” rating and issued a $15.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. KeyCorp restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. Citigroup downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $14.80 to $16.00 in a report on Friday, October 13th. Finally, Wells Fargo & Co initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, November 14th. They set a “market perform” rating and a $15.00 target price on the stock. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eleven have issued a buy rating to the company. Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus price target of $16.04.

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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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