Hewlett Packard Enterprise Company (NYSE:HPE) posted its quarterly earnings results on Tuesday. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04, RTT News reports. Hewlett Packard Enterprise had a return on equity of 8.92% and a net margin of 0.29%. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. Hewlett Packard Enterprise’s revenue was up 2.5% on a year-over-year basis. Hewlett Packard Enterprise updated its Q4 guidance to $0.26-0.30 EPS.

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 13.77 on Thursday. Hewlett Packard Enterprise has a 12 month low of $11.99 and a 12 month high of $14.86. The company has a market cap of $22.62 billion, a price-to-earnings ratio of 10.44 and a beta of 2.72. The company’s 50 day moving average price is $13.71 and its 200 day moving average price is $13.69. Hewlett Packard Enterprise also was the recipient of unusually large options trading on Tuesday. Traders acquired 12,185 put options on the company. This represents an increase of approximately 320% compared to the average volume of 2,901 put options.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a $0.065 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.89%. Hewlett Packard Enterprise’s payout ratio is 371.48%.

A number of research firms have recently commented on HPE. BidaskClub raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Bank of America Corporation cut Hewlett Packard Enterprise from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $15.00 to $13.00 in a report on Wednesday. J P Morgan Chase & Co reissued a “neutral” rating and set a $14.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday. UBS AG reissued a “buy” rating and set a $16.00 price target (down previously from $21.00) on shares of Hewlett Packard Enterprise in a report on Wednesday. They noted that the move was a valuation call. Finally, Maxim Group reissued a “hold” rating and set a $14.00 price target (down previously from $18.00) on shares of Hewlett Packard Enterprise in a report on Wednesday. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.38.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 389,651 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $17.47, for a total transaction of $6,807,202.97. Following the transaction, the chief executive officer now owns 1,157,250 shares in the company, valued at approximately $20,217,157.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Margaret C. Whitman sold 389,668 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total value of $6,943,883.76. Following the transaction, the chief executive officer now owns 962,433 shares in the company, valued at approximately $17,150,556.06. The disclosure for this sale can be found here. Insiders have sold a total of 1,963,677 shares of company stock worth $34,198,508 in the last quarter. Company insiders own 0.87% of the company’s stock.

Several hedge funds have recently bought and sold shares of HPE. BlackRock Inc. grew its holdings in shares of Hewlett Packard Enterprise by 2,713.7% during the 1st quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after acquiring an additional 95,915,907 shares during the period. Dodge & Cox boosted its position in shares of Hewlett Packard Enterprise by 12.2% in the 2nd quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after purchasing an additional 25,852,541 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Hewlett Packard Enterprise by 32.7% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after purchasing an additional 16,592,308 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 145.3% in the 2nd quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock worth $170,315,000 after purchasing an additional 6,081,628 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in shares of Hewlett Packard Enterprise by 9.6% in the 1st quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after purchasing an additional 5,394,147 shares in the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.

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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).

Earnings History for Hewlett Packard Enterprise (NYSE:HPE)

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