Hewlett Packard Enterprise Company (NYSE:HPE) EVP Alan Richard May sold 7,607 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $14.42, for a total value of $109,692.94. Following the sale, the executive vice president now directly owns 100,079 shares of the company’s stock, valued at approximately $1,443,139.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • 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 value of $592,396.00.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded up $0.17 during midday trading on Friday, hitting $14.41. The company had a trading volume of 19,919,007 shares, compared to its average volume of 12,488,531. The company has a quick ratio of 1.01, a current ratio of 1.13 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 capitalization of $22,712.80, a PE ratio of 10.95, a P/E/G ratio of 2.40 and a beta of 2.48.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results 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 return on equity of 7.70% and a net margin of 0.93%. The company had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.78 billion. During the same quarter last year, the business earned $0.61 earnings per share. Hewlett Packard Enterprise’s revenue was up 4.6% on a year-over-year basis. research analysts anticipate that Hewlett Packard Enterprise Company will post 1.19 earnings per share for the current year.

Hewlett Packard Enterprise declared that its Board of Directors has approved a share buyback program on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 142.86%.

Several hedge funds and other institutional investors have recently modified their holdings of HPE. Acadian Asset Management LLC grew its position in Hewlett Packard Enterprise by 132.1% in the second quarter. Acadian Asset Management LLC now owns 9,735 shares of the technology company’s stock valued at $162,000 after acquiring an additional 5,541 shares during the last quarter. HL Financial Services LLC grew its position in Hewlett Packard Enterprise by 50.8% in the second quarter. HL Financial Services LLC now owns 19,288 shares of the technology company’s stock valued at $320,000 after acquiring an additional 6,500 shares during the last quarter. Global X Management Co. LLC grew its position in Hewlett Packard Enterprise by 24.8% in the second quarter. Global X Management Co. LLC now owns 12,765 shares of the technology company’s stock valued at $212,000 after acquiring an additional 2,538 shares during the last quarter. Trexquant Investment LP bought a new position in Hewlett Packard Enterprise in the second quarter valued at about $239,000. Finally, Schwab Charles Investment Management Inc. grew its position in Hewlett Packard Enterprise by 7.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,928,345 shares of the technology company’s stock valued at $98,352,000 after acquiring an additional 435,205 shares during the last quarter. Institutional investors own 83.46% of the company’s stock.

HPE has been the subject of several research reports. Zacks Investment Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. Deutsche Bank dropped their target price on Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, September 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $15.00 target price (down previously from $20.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. ValuEngine raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, UBS downgraded Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $16.00 to $15.00 in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average 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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