Hewlett Packard Enterprise Company (NYSE:HPE) EVP Alan Richard May sold 49,921 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $15.00, for a total transaction of $748,815.00. Following the transaction, the executive vice president now owns 50,158 shares in the company, valued at approximately $752,370. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) opened at $14.82 on Tuesday. The stock has a market cap of $23,620.00 and a P/E ratio of 59.28. Hewlett Packard Enterprise Company has a fifty-two week low of $12.81 and a fifty-two week high of $24.88. 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 (NYSE:HPE) last released its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.78 billion. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. analysts predict that Hewlett Packard Enterprise Company will post 1.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.02%. This is a positive change 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 dividend payout ratio is currently 120.00%.

Hewlett Packard Enterprise announced that its board has initiated a stock buyback program on Wednesday, October 18th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

A number of institutional investors have recently added to or reduced their stakes in HPE. Eaton Vance Management increased its holdings in Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Eaton Vance Management now owns 119,482 shares of the technology company’s stock worth $1,982,000 after acquiring an additional 586 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Hewlett Packard Enterprise by 16.0% in the 2nd quarter. Wells Fargo & Company MN now owns 4,868,386 shares of the technology company’s stock worth $80,767,000 after acquiring an additional 671,703 shares in the last quarter. Aberdeen Asset Management PLC UK increased its holdings in Hewlett Packard Enterprise by 20.4% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 985,726 shares of the technology company’s stock worth $16,353,000 after acquiring an additional 166,888 shares in the last quarter. Dai Ichi Life Insurance Company Ltd increased its holdings in Hewlett Packard Enterprise by 4.9% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 74,197 shares of the technology company’s stock worth $1,231,000 after acquiring an additional 3,451 shares in the last quarter. Finally, AJO LP increased its holdings in Hewlett Packard Enterprise by 839.5% in the 2nd quarter. AJO LP now owns 294,201 shares of the technology company’s stock worth $4,881,000 after acquiring an additional 262,887 shares in the last quarter. 83.43% of the stock is owned by institutional investors.

Several equities analysts have issued reports on HPE shares. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. UBS Group cut shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $15.00 in a research note on Friday, October 20th. Wells Fargo & Co started coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 14th. They set a “market perform” rating and a $15.00 target price on the stock. Gabelli reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average 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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