Hewlett Packard Enterprise Company (NYSE:HPE) EVP Alan Richard May sold 7,607 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $14.42, for a total value of $109,692.94. Following the completion of the transaction, the executive vice president now owns 100,079 shares of the company’s stock, valued at $1,443,139.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 stock was sold at an average price of $14.00, for a total value of $592,396.00.

Hewlett Packard Enterprise Company (NYSE:HPE) traded down $0.18 during trading on Wednesday, reaching $14.32. 8,640,769 shares of the company’s stock traded hands, compared to its average volume of 12,194,439. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.01 and a current ratio of 1.13. The firm has a market capitalization of $23,255.10, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 2.45 and a beta of 2.48. Hewlett Packard Enterprise Company has a 12-month low of $12.81 and a 12-month high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly 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 firm had revenue of $7.66 billion for 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 quarter in the previous year, the business posted $0.61 earnings per share. analysts predict that Hewlett Packard Enterprise Company will post 1.19 EPS for the current fiscal year.

Hewlett Packard Enterprise declared that its board has initiated a stock buyback program on Wednesday, October 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be given a $0.075 dividend. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, December 12th. This represents a $0.30 annualized dividend and a yield of 2.09%. Hewlett Packard Enterprise’s payout ratio is 123.82%.

A number of hedge funds and other institutional investors have recently bought and sold shares of HPE. Dodge & Cox grew its position in Hewlett Packard Enterprise by 12.2% during 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 grew its position in Hewlett Packard Enterprise by 32.7% during 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. Pzena Investment Management LLC grew its position in Hewlett Packard Enterprise by 69.7% during the 3rd quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock worth $552,520,000 after purchasing an additional 15,431,606 shares in the last quarter. Victory Capital Management Inc. grew its position in Hewlett Packard Enterprise by 145.3% during 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, Schroder Investment Management Group grew its position in Hewlett Packard Enterprise by 71.0% during the 3rd quarter. Schroder Investment Management Group now owns 12,475,175 shares of the technology company’s stock worth $181,763,000 after purchasing an additional 5,177,979 shares in the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

A number of research firms recently commented on HPE. Maxim Group reiterated a “hold” rating and issued a $14.00 price target (down from $18.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th. Sanford C. Bernstein reiterated a “buy” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Royal Bank of Canada decreased their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $15.00 price target (down from $18.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $14.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus price target of $16.49.

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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).

Insider Buying and Selling by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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