Traders Buy Hewlett Packard Enterprise Company (HPE) on Weakness

A Look at HPE’s Opportunities in Hybrid IT

Traders Buy Hewlett Packard Enterprise Company (HPE) on Weakness

Vanguard Group Inc. now owns 110,856,810 shares of the technology company's stock valued at $1,839,114,000 after purchasing an additional 1,508,612 shares in the last quarter. Budros Ruhlin & Roe Inc. increased its holdings in Hewlett Packard Enterprise by 1.4% in the 2nd quarter. Its stake was valued at $433,110,000 an increase of $44,928,000 as of quarter end. Finally, ValuEngine raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a report on Friday, September 1st. As of the end of the quarter Dimensional Fund Advisors Lp had sold a total of 84,537 shares trimming its holdings by 0.6%. Synovus Financial Corp now owns 254,871 shares of the technology company's stock valued at $4,226,000 after purchasing an additional 26,288 shares in the last quarter. Motco increased its holdings in Hewlett Packard Enterprise by 929.3% in the 2nd quarter. Amalgamated Bank owns 194,190 shares with a value of $3,876,000.

Shares of Hewlett Packard Enterprise Company (NYSE:HPE) traded down $0.22 during trading on Tuesday, reaching $13.48. The stock touched 52-week High of $15.12 on 09/27/17 and 52-week Low of $12.69 on 06/29/17. The most current P/E ratio is 15.42 and market capitalization is 35.78B. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. During the same quarter a year ago, the company posted $0.49 earnings per share. Hewlett Packard Enterprise's revenue was up 2.5% on a year-over-year basis. equities analysts expect that Hewlett Packard Enterprise Company will post 1.38 EPS for the current fiscal year.

The business also recently announced 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. The rating was initiated by Susquehanna with "Negative" on Tuesday, December 8. This represents a $0.30 dividend on an annualized basis and a yield of 2.19%. This is an increase from Hewlett Packard Enterprise's previous quarterly dividend of $0.07. Hewlett Packard Enterprise's payout ratio is now 371.48%. The company's 5 year Earnings per share growth and Capital Spending growth remains at 0 and 0. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

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Hewlett Packard Enterprise Company (HPE) now has P/E (Price to Earnings) ratio of 74.07 while the company's industry has 16.27 P/E and the sector P/E is 17.76.

Several research firms recently weighed in on HPE. Equity analyst Bank of America Corporation raised the price target on October 13 changing the forecast from $22.00 to $23.00 and issued a "Buy" recommendation.

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Several analysts recently issued reports on HPE shares.

Morgan Stanley raised the price target on October 13 boosting the projection from $23.00 to $25.00 with a rating of "Overweight".

October 19 investment analysts at Robert W. Baird maintained a company rating of "Hold" projecting a price of $16.00. The company presently has a consensus rating of "Hold" and an average target price of $17.79. Also, CEO Margaret C. Whitman sold 249,052 shares of the company's stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $13.43, for a total value of $1,172,761.32. Following the transaction, the chief executive officer now owns 892,118 shares of the company's stock, valued at approximately $11,722,430.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Dimensional Fund Advisors LP now owns 19,353,258 shares of the technology company's stock valued at $321,088,000 after purchasing an additional 779,447 shares in the last quarter. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,309,941 shares of company stock valued at $48,162,528. Hedge funds and other institutional investors own 81.96% of the company's stock.

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Hewlett Packard Enterprise Company is a provider of technology solutions.

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