Hewlett Packard Enterprise (HPE) Director Sells $12,536,400.00 in Stock

Hewlett Packard Enterprise (NYSE:HPE) Director Margaret C. Whitman sold 674,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $18.60, for a total transaction of $12,536,400.00. Following the completion of the sale, the director now owns 2,167,693 shares in the company, valued at approximately $40,319,089.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Hewlett Packard Enterprise stock opened at $17.63 on Friday. The company has a market cap of $28,707.44, a price-to-earnings ratio of 18.76, a PEG ratio of 1.54 and a beta of 1.82. Hewlett Packard Enterprise has a 52-week low of $12.69 and a 52-week high of $19.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.06.

How to Become a New Pot Stock Millionaire

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.12. The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.07 billion. Hewlett Packard Enterprise had a net margin of 4.52% and a return on equity of 7.40%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. analysts anticipate that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.70%. Hewlett Packard Enterprise’s payout ratio is 31.91%.

Hewlett Packard Enterprise announced that its Board of Directors has approved a stock buyback plan on Thursday, February 22nd that permits the company to buyback $5.50 billion in outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

HPE has been the topic of several research reports. Loop Capital upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. Deutsche Bank raised their target price on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. initiated coverage on shares of Hewlett Packard Enterprise in a report on Friday, March 2nd. They issued a “neutral” rating and a $21.00 target price on the stock. UBS restated a “neutral” rating and issued a $19.00 target price (up previously from $15.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd. Finally, BMO Capital Markets raised their target price on shares of Hewlett Packard Enterprise from $14.00 to $19.00 and gave the stock a “market perform” rating in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have issued a buy rating to the company. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $17.46.

Several hedge funds have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC raised its position in shares of Hewlett Packard Enterprise by 19.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 80,484,863 shares of the technology company’s stock valued at $1,183,932,000 after purchasing an additional 13,150,243 shares during the period. Pzena Investment Management LLC raised its position in shares of Hewlett Packard Enterprise by 18.6% during the 4th quarter. Pzena Investment Management LLC now owns 44,553,009 shares of the technology company’s stock valued at $639,781,000 after purchasing an additional 6,992,169 shares during the period. Schroder Investment Management Group raised its position in shares of Hewlett Packard Enterprise by 28.9% during the 4th quarter. Schroder Investment Management Group now owns 16,075,656 shares of the technology company’s stock valued at $230,846,000 after purchasing an additional 3,600,481 shares during the period. Victory Capital Management Inc. raised its position in shares of Hewlett Packard Enterprise by 8.2% during the 4th quarter. Victory Capital Management Inc. now owns 13,164,978 shares of the technology company’s stock valued at $189,050,000 after purchasing an additional 998,236 shares during the period. Finally, LSV Asset Management raised its position in shares of Hewlett Packard Enterprise by 7.6% during the 4th quarter. LSV Asset Management now owns 10,662,232 shares of the technology company’s stock valued at $153,109,000 after purchasing an additional 749,389 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Hewlett Packard Enterprise (HPE) Director Sells $12,536,400.00 in Stock” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3298157/hewlett-packard-enterprise-hpe-director-sells-12536400-00-in-stock.html.

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)

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

SunPower  Raised to “Buy” at BidaskClub
SunPower Raised to “Buy” at BidaskClub
FY2018 Earnings Estimate for Kinder Morgan Canada Issued By National Bank Financial
FY2018 Earnings Estimate for Kinder Morgan Canada Issued By National Bank Financial
Yintech Investment  Upgraded by BidaskClub to Hold
Yintech Investment Upgraded by BidaskClub to Hold
NICE Systems  Raised to Strong-Buy at Zacks Investment Research
NICE Systems Raised to Strong-Buy at Zacks Investment Research
Scorpio Bulkers  Cut to Sell at Zacks Investment Research
Scorpio Bulkers Cut to Sell at Zacks Investment Research
Zacks Investment Research Upgrades WesBanco  to Hold
Zacks Investment Research Upgrades WesBanco to Hold


© 2006-2018 Ticker Report. Google+.