Hewlett Packard Enterprise Co. (NYSE:HPE) announced its earnings results on Tuesday. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.85 billion. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. Hewlett Packard Enterprise updated its Q1 guidance to $0.42-0.46 EPS and its FY17 guidance to $2.00-2.10 EPS.

Hewlett Packard Enterprise (NYSE:HPE) traded down 1.08% during midday trading on Tuesday, reaching $22.87. The company’s stock had a trading volume of 24,099,864 shares. The firm’s 50-day moving average price is $22.41 and its 200-day moving average price is $20.55. The stock has a market capitalization of $38.09 billion and a PE ratio of 9.54. Hewlett Packard Enterprise has a 52 week low of $11.62 and a 52 week high of $23.85.

Earnings History for Hewlett Packard Enterprise (NYSE:HPE)

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be paid a dividend of $0.065 per share. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 annualized dividend and a yield of 1.14%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 9.17%.

In related news, EVP John F. Schultz sold 316,164 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $22.84, for a total value of $7,221,185.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $22.01, for a total value of $2,236,436.10. Following the completion of the sale, the chief financial officer now owns 101,610 shares in the company, valued at approximately $2,236,436.10. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its stake in Hewlett Packard Enterprise by 70.7% in the third quarter. D.A. Davidson & CO. now owns 8,571 shares of the company’s stock worth $194,000 after buying an additional 3,549 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Hewlett Packard Enterprise by 22.5% in the third quarter. Ameritas Investment Partners Inc. now owns 39,728 shares of the company’s stock worth $904,000 after buying an additional 7,285 shares in the last quarter. Arvest Bank Trust Division boosted its stake in Hewlett Packard Enterprise by 0.6% in the second quarter. Arvest Bank Trust Division now owns 441,715 shares of the company’s stock worth $8,070,000 after buying an additional 2,462 shares in the last quarter. Pine River Capital Management L.P. purchased a new stake in Hewlett Packard Enterprise during the second quarter worth $4,443,000. Finally, Point72 Asia Hong Kong Ltd bought a new stake in Hewlett Packard Enterprise during the second quarter worth about $230,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

HPE has been the topic of a number of research reports. Mizuho increased their price objective on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, September 8th. Brean Capital reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, October 19th. Credit Suisse Group AG reissued a “buy” rating and issued a $26.00 price objective on shares of Hewlett Packard Enterprise in a report on Monday, November 7th. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, October 5th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $26.00 price objective (up from $24.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.49.

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Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

5 Day Chart for NYSE:HPE

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